Hacker News
- Amazon used algorithm to test how much it could raise prices: FTC https://www.wsj.com/business/retail/amazon-used-secret-project-nessie-algorithm-to-raise-prices-6c593706 261 comments
- Amazon used secret ‘Project Nessie’ algorithm to raise prices — The strategy, as described in redacted parts of FTC lawsuit, is part of agency’s case that Amazon has outsize influence on consumer prices https://www.wsj.com/business/retail/amazon-used-secret-project-nessie-algorithm-to-raise-prices-6c593706 4 comments law
- WSJ sources: ‘Algorithm helped Amazon improve its profit on items across shopping categories, and because of the power the company has in e-commerce, led competitors to raise their prices and charge customers more’ https://www.wsj.com/business/retail/amazon-used-secret-project-nessie-algorithm-to-raise-prices-6c593706 3 comments law
Linking pages
- Report: Amazon made $1B with secret algorithm for spiking prices Internet-wide | Ars Technica https://arstechnica.com/tech-policy/2023/10/report-amazon-made-1b-with-secret-algorithm-for-spiking-prices-internet-wide/ 906 comments
- We Finally Have Proof That the Internet Is Worse - The Atlantic https://www.theatlantic.com/technology/archive/2023/10/big-tech-algorithmic-influence-antitrust-litigation/675575/ 700 comments
- FTC accuses Amazon of manipulating prices using a secret algorithm that made it $1 billion | TechSpot https://www.techspot.com/news/100393-ftc-accuses-amazon-manipulating-prices-secret-algorithm-made.html 307 comments
- The Wendy’s controversy shows Uber-style pricing is coming for everything - Vox https://www.vox.com/money/24105250/fast-food-restaurants-dynamic-pricing-algorithm-wendys 100 comments
- Pluralistic: How Google’s trial secrecy lets it control the coverage; The Lost Cause prologue, part III (09 Oct 2023) – Pluralistic: Daily links from Cory Doctorow https://pluralistic.net/2023/10/09/working-the-refs/ 1 comment
- Is There an Establishment Plan to Repeal Antitrust Laws? https://www.thebignewsletter.com/p/is-there-an-establishment-plan-to 0 comments
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