If a store knows, for example, that one of those customers lives in a wealthier neighborhood, it can charge that person a higher price.

The bill enforcing the ban, the Protection From #PredatoryPricing Act, goes into effect on Oct 1. Merchants face fines of $10k for running afoul of the #law, & penalties of $25k for repeat offenses.

#law #AI #ArtificialIntelligence #Grocery #PriceGauging #DynamicPricing #SurveillancePricing #surveillance #tech #economy #inflation #affordability #CostOfLiving

#Maryland Is First to Ban #AI #Grocery #PriceGauging

A #state #law that goes into effect in October prohibits grocery stores & third-party delivery services from using consumer data to boost #prices.

The practice — supported by #ArtificialIntelligence & known as #DynamicPricing or #SurveillancePricing — can lead to 2 consumers paying different amounts for the same item from the same retailer, at roughly the same time.

#surveillance #tech #regulation #economy #inflation
https://www.nytimes.com/2026/05/01/business/surveillance-pricing-groceries-maryland.html?smid=nytcore-ios-share

Maryland Is First to Ban A.I.-Driven Price Increases in Grocery Stores

A state law that goes into effect in October prohibits grocery stores and third-party delivery services from using consumer data to boost prices.

The New York Times
🚨Gas companies are mugging us off!🤬 They're raking in high profits while our household bills go up, our pubs close down and our high streets hand on by a thread. I've had enough, haven't you? 😤 Let's make the #UK Gov reign in greedy #gas for good.💪👇 https://act.gp/3JHKh8p #FossilFuels #PriceGauging
Lower our energy bills!

Gas companies are raking in high profits while our household bills go up. I've had enough, haven't you? In this world of crisis and chaos, homegrown wind and solar is the only way to guarantee lower, more stable energy bills for Britain. Let's make the UK Government get us off gas.

You know how ride-hail companies promised to let you know the fare in advance to avoid surprises? Well... I was quoted $30, and the final price was $55. You can request an automated adjustment to the original quote, but they hope you don't notice.

#RideHail #TNC #PriceGauging

Saw a Lebanese cucumber for 9.99 AUD in the supermarket today. Price for a single one, not for one kg!Couldn’t believe it, so I took a pic. Later this arvo I harvested a fresh heirloom organic cucumber from my hügelkultur veggie patch. Practically for free, if you don’t count the price for seedlings, time and effort. Growing your own food makes so much sense, with ever increasing prices more than ever! Better quality, better taste, and you get free exercise and nature therapy ;)

#growingFood
#veggiePatch
#gardening
#gardeningAU
#permaculture
#hugelkultur
#organic
#priceGauging
#cucumbers
#homeGrown
#dontPanicItsOrganic
Trump suffers the ultimate humiliation at his OWN rally

YouTube

if surge pricing isn't fraud, then stealing isn't theft

#surgepricing #pricegauging #stealallthethings #capitalismkills #wendys

Moderna rakes in surprise profits ahead of 400% vaccine price hike
Moderna made about $680 million more than expected in the first quarter.
https://arstechnica.com/science/2023/05/moderna-rakes-in-surprise-profits-ahead-of-400-vaccine-price-hike/ #profits #PriceGauging
Moderna rakes in surprise profits ahead of 400% vaccine price hike

Moderna made about $680 million more than expected in the first quarter.

Ars Technica
Robert Reich @[email protected] on the consequences of #capitalism without guardrails and the empirical evidence disproving expectations of Chicago School #trickledowneconomics. We *need* #antitrust b/c capitalism w/o guardrails is nothing more than winner-take-all private #rentierism. (Rentierism = profits above what a well functioning market would allocate. Profits from #pricegauging," for example, are an example of this kind of "economic rent.")
https://youtu.be/KLfO-2t1qPQ
The Monopolization of America | Robert Reich

YouTube