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Amazon used secret algorithm codenamed ‘Project Nessie’ to raise prices, WSJ reports
Amazon used a secret algorithm to test how high it could raise prices in a manner designed to encourage competitors to do the same. Additionally, the algorithm sought to determine the threshold at which Amazon could raise prices before its
The post Amazon used secret algorithm codenamed ‘Project Nessie’ to raise prices, WSJ reports first appeared on TechStartups.
Amazon used a secret algorithm to test how high it could raise prices in a manner designed to encourage competitors to do the same. Additionally, the algorithm sought to determine the threshold at which Amazon could raise prices before its […]
The post Amazon used secret algorithm codenamed ‘Project Nessie’ to raise prices, WSJ reports first appeared on TechStartups.