Amazon reportedly used a secret algorithm to jack up prices — A new report details Amazon’s Project Nessie pricing algorithm::Amazon deployed a secret algorithm to gauge how high it could raise prices before its competitors stopped increasing their prices as well.
I dont like using amazon but they’re often the cheapest for the things I need. Thats benefited me, but also disturbs me as you watch high street retailers die off. I tend to screengrab products so I can come back and compare prices later. Some of the sales prices are bogus, they’ll jack the price up a week before, reduce it again for the “sale” and put “35% off!!!” You’ve really got to keep on top of it and be vigilant.
You should check out CamelCamelCamel or Keepa, it has Amazon price history.
IIRC they work for the US version but not the UK… or didnt seem to when I checked before. Assuming I’m thinking of the same site…
The 3xCamel works for all these: UK, Germany, France, Italy, Spain, Australia, Canada and US. Sometimes the prices differ for the same products across the EU country versions, so it can be worth comparing them before buying in/from EU.
wow they will make money helping consumerz for now
There is an extention and phone app called Keepa that tracks prices and shows you their price history right on the product page on Amazon so you can see if you are getting a good deal.