Podknife - The Secret Algorithm Amazon Used to Raise Prices by WSJ Tech News Briefing

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The Secret Algorithm Amazon Used to Raise Prices

Podcast |: WSJ Tech News Briefing
Publisher |: The Wall Street Journal
Media Type |: audio
Podknife tags |: Gadgets,; Tech News,; Technology
Categories Via RSS |: News,; Tech News
Publication Date |: Oct 04, 2023
Episode Duration |: 00:12:26

Amazon used a secret algorithm code-named “Project Nessie” to test how much it could raise prices and get competitors to follow. The plan is outlined in redacted portions of the government’s monopoly case against the e-commerce giant. WSJ reporter Dana Mattioli joins Zoe Thom as to explain how it worked. Plus, Meta wants to charge Europeans to use its apps. Learn more about your ad choices. Visit megaphone.fm/adchoices

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