this post was submitted on 04 Oct 2023
519 points (97.3% liked)

Technology

58092 readers
3429 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago
MODERATORS
L3s@lemmy.world
enu@lemm.ee
fry@fry.gs
L3s@fry.gs
enu@lemmy.world
L4s@fry.gs
L4s@lemmy.world
519
Amazon reportedly used a secret algorithm to jack up prices — A new report details Amazon’s Project Nessie pricing algorithm (www.theverge.com)
submitted 11 months ago by L4s@lemmy.world to c/technology@lemmy.world
55 comments fedilink hide all child comments
 

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.

you are viewing a single comment's thread
view the rest of the comments
[–] ShittyRedditWasBetter@lemmy.world 1 points 11 months ago* (last edited 11 months 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.

[–] postmateDumbass@lemmy.world 2 points 11 months ago (2 children)

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

[–] LukeMedia@lemmy.world 1 points 11 months 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.

[–] ShittyRedditWasBetter@lemmy.world -1 points 11 months 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.