this post was submitted on 22 Sep 2024
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Boy, do I have some bad news for you...
https://www.nbcnews.com/business/business-news/amazon-used-algorithm-essentially-raise-prices-rcna123410
“Essentially” is the load-bearing weasel word here that allows this story to blame Amazon for their competitors choosing to offer the same goods at higher prices.
"Competitors choosing" is usually considered to be price fixing, which is anti-competitive and/or monopolistic. Amazon et al aren't the only US companies guilty of this or other anti-competitive behaviors, even if they're a notable example.
No? It isn’t?
Where do you think prices come from?
How is this anti-competitive?