Report: Amazon made $1B with secret algorithm for spiking prices Internet-wide::Report reveals details about Amazon’s secret algorithm redacted in FTC complaint.
Better give them a 10 million dollar fine to teach them a lesson!
10 million dollars is to $1B as a paperclip is to my entire net worth (admittedly not much)
So your net worth is 100 paperclips?
Not since I had to pay the fine
This has been widely known for at least a decade. I worked for an Amazon competitor back in 2013, and industry wide algorithmic price fuckery, including trying to figure out if your rivals were scraping you and poisoning their data, was common and openly discussed as a normal part of business operations.
The explicit directive of our economic system is to make as much money as possible in competition with everyone else. Or course companies are going to pour resources into using any and all technological fuckery to do that.
This is why Amazon tried to sue “isthereanydeal” for tracking previous prices
It was pretty frustrating to see Amazon not listed there and not understanding why. And all they could say was “Amazon won’t let us”.
But how does camelcamelcamel get away with it?
I don’t know enough about isthereanydeal, but camelcamelcamel uses Amazon API, so the extent of their fuckery is likely concealed.
Oh, spicy arguments. “Algorithms are evil” versus “we were just price matching.”
