this post was submitted on 04 Oct 2023
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524
Amazon reportedly used a secret algorithm to jack up prices — A new report details Amazon’s Project Nessie pricing algorithm (www.theverge.com)
submitted 1 year ago by [email protected] to c/[email protected]
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Amazon reportedly used a secret algorithm to jack up prices — A new report details Amazon’s Project Nessie pricing algorithm::Amazon deployed a secret algorithm to gauge how high it could raise prices before its competitors stopped increasing their prices as well.

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[–] [email protected] 59 points 1 year ago (1 children)

A "secret" algorithm. Unlike all those other companies that just publish their proprietary algorithms on the net for anyone to try and game.

My poor eyes are exhausted from all the rolling.

[–] [email protected] 3 points 1 year ago

I guess "secret" in the sense that not only the internals of the algorithm, but even the existence of the it is not quite public knowledge.