Ars TechnicaOct 4, 2023

Report: Amazon made $1B with secret algorithm for spiking prices Internet-wide

Report reveals details about Amazon's secret algorithm redacted in FTC complaint.

https://arstechnica.com/tech-policy/2023/10/report-amazon-made-1b-with-secret-algorithm-for-spiking-prices-internet-wide/?utm_brand=arstechnica&utm_social-type=owned&utm_source=mastodon&utm_medium=social

Report: Amazon made $1B with secret algorithm for spiking prices Internet-wide

Report reveals details about Amazon's secret algorithm redacted in FTC complaint.

Ars Technica
Show threadTacoOct 4, 2023

@arstechnica mildly ironic considering the years it ran at a loss to cannibalize it’s competitors.

Diapers dot com, anyone?

Show threadWendy Lady
@taco @arstechnica actually, yes. I had a friend who worked at Amazon when they did the Amazon Prime at a loss. It was company wide known they were trying to push competition out and had enough money to do this until they reigned supreme. If I remember correctly they also kind of pushed USPS to deliver for super low prices on their 2 day shipping and then started their own fleet taking away the business they got delivering Amazon packages.
Oct 5, 2023 at 6:07amWeb
Show threadTacoOct 5, 2023

@NerdRage42 @arstechnica basically they used the profits from AWS and their other ventures to subsidize operating Amazon at a loss, targeting one niche sector after another.

In the diapers dot com scenario they simply sold diapers at a loss until that site went broke and then bought them.