At the scale of Amazon, it’s much less reasonable.
Comment on Amazon reportedly used a secret algorithm to jack up prices
MooseBoys@lemmy.world 11 months ago
According to the Journal, Nessie would inflate prices and monitor whether other retailers, like Target, would follow suit. If the competing retailers maintained the lower price, the algorithm would automatically revert Amazon’s to its normal price.
Isn’t this how retail pricing always works?
ilinamorato@lemmy.world 11 months ago
bobloadmire@lemmy.world 11 months ago
Most people don’t know how retail pricing works, so when they read an article like this, they’re shocked and offended
NightAuthor@lemmy.world 11 months ago
Only issue is the automated fashion in which it’s done. It means they can easily push prices up and up and up to extract every last penny they can from buyers.
Greed is no longer something that you have to work at, if you have a desire to fuck people over you’re just a button away from doing it.