Victoria Stuart 🇨🇦 🏳️‍⚧️

[thread] algorithmic pricing, dynamic pricing
https://en.wikipedia.org/wiki/Algorithmic_pricing

* automatically setting price to maximize seller's profits

[thread] affordable housing | private equity, corporations, corporate greed, inflation, profiteering
https://mastodon.social/@persagen/110543876769745739

Canadian mega landlord Dream Unlimited using AI pricing to massively hike rents
https://mastodon.social/@persagen/113080600389935351

#AI #AlgorithmicPricing #DynamicPricing #corporations #inflation #PriceGouging #consumerism #optimization #CostFunction #LossFunction

Algorithmic pricing - Wikipedia

Sep 5, 2024 at 2:35pmWeb
Show threadVictoria Stuart 🇨🇦 🏳️‍⚧️Sep 5, 2024

U.K. competition watchdog probing use of 'dynamic pricing' in Oasis ticket debacle
https://www.cbc.ca/news/world/oasis-uk-watchdog-1.7314047

* surging prices during ticket sales
* businesses that use dynamic pricing/complex pricing need to be transparent about prices & not mislead customers
* Ticketmaster, official ticketing partner, did not respond to a Reuters request for comment

https://en.wikipedia.org/wiki/Ticketmaster

#Ticketmaster #AI #AlgorithmicPricing #DynamicPricing #corporations #CorporateGreed #inflation #PriceGouging #consumerism

U.K. competition watchdog probing use of 'dynamic pricing' in Oasis ticket debacle | CBC News

The U.K. competition watchdog said on Thursday it was looking into the use of dynamic pricing in the Aug. 31 Oasis concert ticket sale. The move comes after surging prices during the ticket sale caused an uproar among fans.

CBC
Show threadVictoria Stuart 🇨🇦 🏳️‍⚧️Sep 5, 2024

/1

Capitalist response

Why Oasis fans should welcome price gouging 🤔
There are worse things in life than paying a fair price
https://www.economist.com/finance-and-economics/2024/09/05/why-oasis-fans-should-welcome-price-gouging

* non-paywalled: https://archive.fo/w4ojO

#Economist #capitalism #Ticketmaster #AI #AlgorithmicPricing #DynamicPricing #corporations #CorporateGreed #inflation #PriceGouging #consumerism

Why Oasis fans should welcome price gouging

There are worse things in life than paying a fair price

The Economist
Show threadVictoria Stuart 🇨🇦 🏳️‍⚧️Sep 8, 2024

Anger over concert dynamic pricing
https://www.cbc.ca/news/business/marketplace-cheat-sheet-sep8-1.7315383

* Britain's competition watchdog, Competition & Markets Authority investigating Ticketmaster over sale of Oasis tickets
* dynamic pricing hiked cost to fans at last minute
* most thought they would pay advertised £148.50 ($264 CDN); ended up paying £355.20 ($632)

#AI #AlgorithmicPricing #DynamicPricing #corporations #CorporateGreed #TicketMaster #inflation #PriceGouging #consumerism #optimization #CostFunction #LossFunction #Oasis #CMA

Anger over concert 'dynamic pricing'; Inside Montreal's new supermall: CBC's Marketplace cheat sheet | CBC News

CBC's Marketplace rounds up the consumer and health news you need from the week.

CBC
Show threadVictoria Stuart 🇨🇦 🏳️‍⚧️Sep 10, 2024

Project Hammer: reduce collusion in Canadian grocery sector
https://news.ycombinator.com/item?id=41490143
https://jacobfilipp.com/hammer

* aim: incr. competition, reduce collusion
* database of historical grocery prices for academic analysis, legal action
* inform policy makers

Grocery costs: Why are stores owned by same companies charging different prices?
https://mastodon.social/@persagen/110631510600149202

Largest grocers making more on food sales: competition watchdog
https://mastodon.social/@persagen/110617219750954394

#Canada #grocers #oligarchy #Loblaws #Sobeys #Safeway

Project Hammer: reduce collusion in the Canadian grocery sector | Hacker News

Show threadVictoria Stuart 🇨🇦 🏳️‍⚧️Sep 10, 2024

Record number Ontarians used food banks last year
Need for food banks, donations unprecedented: Feed Ontario
https://www.cbc.ca/news/canada/toronto/record-food-bank-users-ontario-1.7318170

* increase of 25%: 8-yr high
* food bank use rose dur. COVID-19 pandemic
* exacerbated by affordability crisis: inflation, rising housing costs, job market

Feed Ontario: https://en.wikipedia.org/wiki/Feed_Ontario

#Canada #Ontario #grocers #inflation #retail #grocers #greedglation #shrinkflation #poverty #FoodSecurity #FoodBanks #FeedOntario #oligarchy #Loblaws #Sobeys #Safeway

Record-breaking number of Ontarians used food banks last fiscal year | CBC News

Feed Ontario is calling for government action at a time when many food banks are launching their Thanksgiving drives.

CBC
Show threadVictoria Stuart 🇨🇦 🏳️‍⚧️Sep 24, 2024

Cineplex fined $38.9M over $1.50 online booking fee
Online booking fee constituted drip pricing
https://www.cbc.ca/news/canada/british-columbia/cineplex-online-booking-fee-fine-1.7332024

* Competition Tribunal: Cineplex guilty of deceptive marketing practices
* drip pricing: https://en.wikipedia.org/wiki/Drip_pricing

[Feb 2024] Cineplex made $40M from online ticket fees @ heart of drip-pricing lawsuit
https://www.cbc.ca/news/business/cineplex-online-booking-fees-competition-1.7126860

#Canada #Cineplex #DripPricing #DynamicPricing #corporations #CorporateGreed #deception #capitalism #PriceGouging #consumerism #optimization #AddonFees

Cineplex fined $38.9M over $1.50 online booking fee | CBC News

Cineplex Inc. has been ordered to pay a record $38.9 million fine after the Competition Tribunal found the theatre owner guilty of deceptive marketing practices.

CBC
Show threadVictoria Stuart 🇨🇦 🏳️‍⚧️Oct 9, 2024

Companies That Fought Climate Action Price Gouging Hurricane Milton Evacuees
For years, United, American, other airlines led massive lobbying efforts against regulations to prevent climate change
https://www.desmog.com/2024/10/09/united-airlines-american-hurricane-milton-companies-that-fought-climate-action-now-accused-of-price-gouging-evacuees

* as she sought to buy ticket to evacuate, airline’s website crashed
* within seconds it went back on again with flights quadrupled in price

https://abcnews.go.com/US/wireStory/airlines-capping-fares-hurricanes-path-biden-warns-price-114622014

#DynamicPricing #corporations #airlines #hurricane #PriceGouging #ClimateChange #CorporateGreed #profiteering

Companies That Fought Climate Action Now Accused of Price Gouging Hurricane Milton Evacuees

For years, United, American, and other airlines have led massive lobbying efforts against regulations to prevent climate change.

DeSmog
Show threadVictoria Stuart 🇨🇦 🏳️‍⚧️Oct 14, 2024

Uber started using 'algorithmic pricing' in Canada. Is that a good or bad thing?
https://www.cbc.ca/news/business/uber-algorithmic-pricing-canada-1.7350399

"Uber has found a way to take more money from us," said George Wedge, an Uber driver in Toronto.

* worries AI-based pay model will mean lower wages for drivers. higher fares for riders

#Uber #UpfrontOffers #UpfrontPayment #AI #AlgorithmicPricing #DynamicPricing #corporations #inflation #PriceGouging #consumerism #optimization#CostFunction #LossFunction

Uber started using 'algorithmic pricing' in Canada. Is that a good or bad thing? | CBC News

Uber rolled out a new pay model this week in Ontario, where an AI-powered algorithm determines what drivers earn beyond the distance and duration of each ride. The new pay was launched in B.C. last month and has been used in the U.S. for two years, where worker advocates and drivers say it's a bad deal for them that also hurts consumers.

CBC
Show threadNazaniOct 9, 2024
@persagen
I call for a Congressional inquiry, which should take about 2 hrs.
Show threadJonathan D. Cope, Esq.Sep 24, 2024
@persagen
Show threadAlex@rtnVFRmedia Suffolk UKSep 8, 2024
@persagen needs to have an eye kept on it - there is already a precedent set to permit it in Europe as dynamic (or at least time based) pricing of petrol (gasoline) is already common in Germany (it would not affect me as much as I fill up late at night, but is more expensive around rush hour)