this post was submitted on 04 Oct 2023
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Amazon reportedly used a secret algorithm to jack up prices — A new report details Amazon’s Project Nessie pricing algorithm (www.theverge.com)
submitted 10 months ago by L4s@lemmy.world to c/technology@lemmy.world
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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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[–] surewhynotlem@lemmy.world 58 points 10 months 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.

[–] hikaru755@feddit.de 3 points 10 months 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.