Amazon uses a secret algorithm called "Project Nessie" to raise prices
六月清晨搅
发表于 2023-10-5 04:45:02
133
0
0
According to people familiar with the complaint, the algorithm helped Amazon drive up profits on a wide range of goods, and because of the company's influence in e-commerce, it led competitors to raise prices and charge customers more. If a competitor doesn't raise the price of an item to Amazon's level, the algorithm automatically lowers the item back to its normal price. Amazon no longer uses the algorithm.
The company's use of Nessie has also been blamed by employees for creating a vicious cycle of promotions, where Amazon matches the discounted prices of competitors such as Target.com and other competitors follow suit. According to former employees of the algorithm and pricing team, when Target ended the promotion, Amazon and other competitors would still keep the promotional prices because they were still matching each other's prices.
The algorithm has helped Amazon recoup costs and boost margins. In its lawsuit, the FTC redacted its estimate of how much the practice "extracted from American families" and said it helped Amazon generate "excess profits." According to a person familiar with the matter, Amazon has generated more than $1 billion in revenue by using the algorithm.
Some of these sources said Amazon stopped using the algorithm in 2019. It is not clear why the company stopped using the algorithm.
CandyLake.com 系信息发布平台,仅提供信息存储空间服务。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
猜你喜欢
- Amazon replaces Walgreens and collaborates with Boots to be included in the Dow Jones Industrial Average
- Amazon's Q4 net sales and Q1 performance guidance were better than expected, from Wall Street to Lujiazui
- Up 2 trillion yuan in a day! Nvidia's market value surpasses Amazon and Google, and some Wall Street investment banks believe it can still double
- Amazon Web Services will launch Saudi data center investment exceeding $5.3 billion
- Former Amazon AWS executive Tadao Nagasaki will lead OpenAI's Japan business
- Amazon Cloud Technology Marketplace (China) launches seller owned and online transaction functions
- France has received a total investment commitment of 15 billion euros from companies such as Microsoft, Amazon, and Pfizer
- Amazon Japan Launches Seller Empowerment Program to Help Chinese Sellers Explore Japanese E-commerce Opportunities
- Amazon Prime Day's first day sales reach $7.2 billion, far exceeding 2023 | From Wall Street to Lujiazui
- Edgar Bronfman Jr.'s plans for Paramount Global reportedly include collaborations with Amazon or Apple
-
【世界市場】1、納指は0.04%、ダウは0.70%、スタンダードは0.19%下落した。2、英偉達は2%超上昇し、美光科技の株価は10%超上昇した。3、ナスダック中国の金龍指数は2.80%、蔚来は5%近く下落した。4、国際原油価格は ...
- 虚空一粒沙2017
- 3 天前
- 支持
- 反对
- 回复
- 收藏
-
世界的な整形外科大手のシュレックはこのほど、ニューラルテクノロジー会社のNico Corporationの買収を完了したと発表した。紹介によると、Nicoは私営会社で、腫瘍と脳内出血(ICH)手術のための系統的な低侵襲手術 ...
- 就放荡不羁就h
- 3 天前
- 支持
- 反对
- 回复
- 收藏
-
AP通信9月27日、インテルは今月中旬に発表された重大な業務調整に加え、近日中にクアルコムに買収合併される可能性があるとの情報を伝えていることを明らかにした。 しかし、ウォール街のほとんどのアナリストは、 ...
- 什么大师特
- 前天 16:13
- 支持
- 反对
- 回复
- 收藏
-
9月26日、Meta Platformsは巨額の資金を投じてスターを招待していることを明らかにした。Metaは水曜日、俳優のオスカー・フィーナ(Awkwafina)、ジョン・セナ(John Cena)、ジュディ・デンチ(Judi Dench)、クリ ...
- hecgdge4
- 3 天前
- 支持
- 反对
- 回复
- 收藏