dantheclamman@lemmy.world to Technology@lemmy.worldEnglish · 1 year agoUnredacted FTC suit shows 'Project Nessie' price-raising algorithm made Amazon $1.4Btechcrunch.comexternal-linkmessage-square23fedilinkarrow-up1464arrow-down13
arrow-up1461arrow-down1external-linkUnredacted FTC suit shows 'Project Nessie' price-raising algorithm made Amazon $1.4Btechcrunch.comdantheclamman@lemmy.world to Technology@lemmy.worldEnglish · 1 year agomessage-square23fedilink
minus-squareblazera@kbin.sociallinkfedilinkarrow-up1arrow-down3·1 year agoPrice fixing involves multiple companies working together
minus-squareElectroNeutrino@lemmy.worldlinkfedilinkEnglisharrow-up1·edit-21 year agoWhich is exactly what was described in the article.
minus-squareblazera@kbin.sociallinkfedilinkarrow-up1arrow-down2·1 year agoMmm no its describing an algorithm of raising prices for their own products
minus-squareElectroNeutrino@lemmy.worldlinkfedilinkEnglisharrow-up1·1 year agoYes, which is the price-fixing I was talking about. There doesn’t need to be an overt agreement to fall under price fixing.
minus-squareblazera@kbin.sociallinkfedilinkarrow-up0arrow-down1·1 year agoIt does need at least an implied agreement of companies intentionally working together to raise prices. A computer program to determine your own prices does not imply working with any other company.
Price fixing involves multiple companies working together
Which is exactly what was described in the article.
Mmm no its describing an algorithm of raising prices for their own products
Yes, which is the price-fixing I was talking about. There doesn’t need to be an overt agreement to fall under price fixing.
It does need at least an implied agreement of companies intentionally working together to raise prices. A computer program to determine your own prices does not imply working with any other company.