Amazon made $1 billion through secret price raising algorithm -US FTC
Amazon made $1 billion through secret price raising algorithm -US FTC
Amazon.com used a series of illegal strategies to boost profits at its online retail empire, including an algorithm that pushed up prices U.S. households paid by more than $1 billion, the U.S. Federal Trade Commission detailed in a new court filing on Thursday.
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I'm surprised that there are still people who are surprised about this price hiking algorithm. Have you never seen weirdly fluctuating proves on Amazon before?!
I’ve seen the price go up just by putting it in the basket.
They claimed they stopped using this system a few years ago… pretty sure that’s a technicality where they’re using a successor.
One of the most annoying things for me is how prices fluctuate on items that can’t possibly have that much fluctuation. The following were all sold and fulfilled by Amazon directly. These bandages I use… one week $8, then $13 next time I look, then $10, then $6. Hot sauce: one time $12, then $15, then $20, then $16. Biscuit mix: one time $24, then $45, then $36. It’s all very opaque. I just want one price.
Why are you buying bandages, hot sauce and biscuits on Amazon?
Unless you live in a suburb hell without safe transportation means, please stop giving them your money.
I live in a country where Amazon cannot deliver and I’m in love because of that. Thanks complicated customs laws that keep Amazon out <3
Without Amazon I would be fucked, my local shops are very expensive and most of the time they don't have what I need, I gave up trying to find something in shops altogether.
For example, the other day I needed a network switch and I went to the local shops, the cheapest I could find was 40€, went on Amazon and bought one for 18€ with free shipping, Amazon and Prime made my life here so much better.
Because these products are not available locally. I have to buy GF biscuit mix because I have Celiac disease. The hydrocolloid bandages are for blood glucose sensors as I have type 1 diabetes and a severe reaction to the sensor adhesive. I'm not a fan of Amazon.
"Biscuit mix"? Like flour? You can just buy flours without gluten and easily make your own. You're already doing most of the work anyway.
No, it's specifically this GF Red Lobster biscuit mix and having had Celiac diagnosed for 7 years, I am pretty aware of gluten free flours. Of course I could also make it from scratch.
I've had items show different prices of an item on 3 different devices all logged into the same account.