Amazon Used Secret ‘Project Nessie’ Algorithm to Raise Prices

Re:Amazon Used Secret ‘Project Nessie’ Algorithm to Raise Pr... by curiousllama on Tuesday October 03, 2023 @03:20PM (#37756289)

I read that differently. Ie "project Nessie raised prices. One place where this was especially impactful was when a competitor temporarily lowered prices forcing Amazon to match, Nessie got them back up quickly"

[ Parent | on HN ]

Re:Amazon Used Secret ‘Project Nessie’ Algorithm to Raise Pr... by taeric on Tuesday October 03, 2023 @03:46PM (#37756629)

And amusingly, I read it as "assume 3 parties, Amazon, Target, Y. Target has a sale, so Amazon price matches sale. Y was price matching Amazon. Target ends sale, but Amazon and Y have stuck each other on the lower price."

That is, it makes it sound like Nessie was intended to bust some broken price matching logic that would allow other competitors to stick Amazon at lower prices due to interactions with other parties.

[ Parent | on HN ]