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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 1 year 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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[–] kameecoding@lemmy.world 5 points 1 year ago* (last edited 1 year ago) (1 children)

in Slovakia there is an aggregator site where stores can publish the stuff they are selling and the price it automatically keeps track.

well the smartwatch I have despite being in Slovakia shut up to 250 euros a month before Black Friday, then magically was many percentages off for 150.

of course the aggregator site showed that it was 150 for the whole year other than that "random" jump before black Friday

edit: found a screenshot, side-by-side with a store that's not listed on the aggregator:

https://imgur.com/a/wBdMJhN

[–] Alexstarfire@lemmy.world 2 points 1 year ago (3 children)

Not sure if it's just me but when looking at that in chrome on my phone the picture looks quite blurry and it's hard to make out much. Doesn't help that there doesn't seem to be a way to full screen it.

[–] grayman@lemmy.world 4 points 1 year ago (1 children)

Load the page on desktop mode then click on the image. imgr is owned by reddit, so it's been fully enshitified as well.

[–] Alexstarfire@lemmy.world 3 points 1 year ago

Thanks. Worked perfectly.

[–] pirat@lemmy.world 1 points 1 year ago

It's exactly the same case for me.

[–] fatalError@lemmy.sdf.org 1 points 1 year ago

If you are on android you can try the eternity app for lemmy. It works very well.