this post was submitted on 04 Oct 2023
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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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[–] [email protected] 15 points 1 year ago (5 children)

I dont like using amazon but they're often the cheapest for the things I need. Thats benefited me, but also disturbs me as you watch high street retailers die off. I tend to screengrab products so I can come back and compare prices later. Some of the sales prices are bogus, they'll jack the price up a week before, reduce it again for the "sale" and put "35% off!!!" You've really got to keep on top of it and be vigilant.

[–] [email protected] 4 points 1 year ago

There is an extention and phone app called Keepa that tracks prices and shows you their price history right on the product page on Amazon so you can see if you are getting a good deal.

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