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.

  • Tosti@feddit.nl
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    1 year ago

    Airlines do this to right? Revenue optimization it is called. But I can imagine that a party with its hooks as widely spread as amazon could automate this and this would be like high volume margin trading of retail.

    • CosmicTurtle@lemmy.world
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      1 year ago

      Iirc there was a guy in an iama last year where the guy tracked prices for plane tickets and found that there wasn’t any “demand-based” pricing.

      I’m fairly sure he was debunked though. My memory is a bit hazy and I refuse to return to Reddit to look for it.