Amazon reportedly used a secret algorithm to jack up prices
Amazon reportedly used a secret algorithm to jack up prices
admin 2023/10/06 15:01A 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, according to a new report from The Wall Street Journal Tuesday.
The existence of the algorithm codenamed Project Nessie, was first revealed late last month in a complaint filed by the Federal Trade Commission accusing the e-commerce giant of...
Learn more: https://www.theverge.com/2023/10/3/23901840/amazon-project-nessie-algorithm...
Amazon deployed a secret algorithm to gauge how high it could raise prices before its competitors stopped increasing their prices as well, according to a new report from The Wall Street Journal Tuesday.
The existence of the algorithm codenamed Project Nessie, was first revealed late last month in a complaint filed by the Federal Trade Commission accusing the e-commerce giant of...
Learn more: https://www.theverge.com/2023/10/3/23901840/amazon-project-nessie-algorithm...
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