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] 2 points 1 year ago* (last edited 1 year ago) (1 children)

Amazon gets sales data, not just pricing data that can be scraped.

Its the extra data they get by controlling the platform/marketplace that becomes problematic imo.

[–] [email protected] 1 points 1 year ago* (last edited 1 year ago) (1 children)

I agree that could be a sticking point, and maybe end up with a minor fine for that. Amazon (and Google+ Ms) typically are very good at separating that data. I'm not sure what Amazon would use that here.

The details are sparse, but that's not what I read they are doing here.

[–] [email protected] 2 points 1 year ago (2 children)

You have more faith in the ethical behavior of Amazon than i.

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

I have a feeling that, if they are separating data properly, it's not to be ethical and good. I would imagine they do this for compliance.

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

Amazon is pretty upfront with customer data and protects it well. You might not agree with their policy, but they've never lied to the b2b and AWS customers.