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FTC: Amazon made $1B through secret price raising algorithms

42 pointsby green-eclipseover 1 year ago

4 comments

jfengelover 1 year ago
A billion dollars is a lot of money, but it&#x27;s a tiny fraction of Amazon&#x27;s annual $250 billion profit. Is it really worth risking an antitrust suit that breaks up the entire company over less than half a percent of profit?<p>It seems to me Amazon could make damn near as much money for its shareholders without risking its moat. This was almost literally nickel-and-diming -- three dollars per American. They could afford to be a lot less evil and still make vast amounts of money just by the simple act of having a vast and efficient supply chain for practically everything.
green-eclipseover 1 year ago
<a href="https:&#x2F;&#x2F;archive.ph&#x2F;a8JqF" rel="nofollow noreferrer">https:&#x2F;&#x2F;archive.ph&#x2F;a8JqF</a>
mensetmanusmanover 1 year ago
Is raising prices depending on if someone can afford higher prices illegal?
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runnr_azover 1 year ago
Why would Amazon have ever made its pricing algorithms public?
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