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#dynamicpricing

1 post1 participant0 posts today
Frankie ✅

Many Uber drivers are earning “substantially less” an hour since the ride hailing app introduced a “dynamic pricing” algorithm in 2023 that coincided with the company taking a significantly higher share of fares

theguardian.com/technology/202

The Guardian · UK Uber drivers’ earnings cut after changes to secretive algorithmBy Simon Goodley
#news#business#drivers
Miguel Afonso Caetano

"It’s unclear whether Kroger will respond to the lawmakers. The company ignored a prior letter from Representative Tlaib and previously dismissed concerns about ESLs, saying that the negative effects of the technology have been exaggerated. Meanwhile, other chains are moving swiftly to install dynamic pricing technology. Walmart plans to install the tags in 2,300 stores by 2026. The nation’s largest retailer emphasized the benefit to shoppers: “This efficiency means we can spend more time assisting customers.”

The experiences of workers cast doubt on such claims. I spoke to William Knight, a 10-year veteran of the grocery industry who spends their off hours crafting cyberpunk stories inspired by the novel Neuromancer. (Knight’s latest is a dystopian tale about an America ruled by just three corporations.) On the job, the 31-year-old has often found themselves on the other side of the crisis that Bagley described. Working as a cashier and maintenance person in a Utah chain, Knight was regularly conscripted to work in e-commerce, which put them behind on their official duties. “I’m not necessarily against [automation], but a new technology should be regulated. It’s too young to be pushed to everyone and should stay in Silicon Valley,” they said."

thenation.com/article/society/

The Nation · Automation in Retail Is Even Worse Than You ThoughtNew technology is not just making shopping more challenging for workers and consumers—it’s poised to rip off the most vulnerable.
#USA#Automation#Retail
Karthik S

"Don’t street vendors quote their first price after sizing up your clothes and car?"
Vs.
"When pricing starts to reflect assumptions about wealth based on device type, it moves into a realm of economic profiling that is unethical and regressive."

While I earlier believed Rohit's argument in The Economic Times was sound, the Times of India editorial today seems more compelling now.

#pricing#apps#ecommerce
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Victoria Stuart 🇨🇦 🏳️‍⚧️

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

"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

CBCUber started using 'algorithmic pricing' in Canada. Is that a good or bad thing? | CBC NewsUber 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.
Continued thread
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Victoria Stuart 🇨🇦 🏳️‍⚧️

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
desmog.com/2024/10/09/united-a

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

abcnews.go.com/US/wireStory/ai

DeSmog · Companies That Fought Climate Action Now Accused of Price Gouging Hurricane Milton EvacueesFor years, United, American, and other airlines have led massive lobbying efforts against regulations to prevent climate change.
#DynamicPricing#corporations#airlines
Continued thread
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Victoria Stuart 🇨🇦 🏳️‍⚧️

Cineplex fined $38.9M over $1.50 online booking fee
Online booking fee constituted drip pricing
cbc.ca/news/canada/british-col

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

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

CBCCineplex fined $38.9M over $1.50 online booking fee | CBC NewsCineplex 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.
#Canada#Cineplex#DripPricing
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Victoria Stuart 🇨🇦 🏳️‍⚧️

Anger over concert dynamic pricing
cbc.ca/news/business/marketpla

* 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)

CBCAnger over concert 'dynamic pricing'; Inside Montreal's new supermall: CBC's Marketplace cheat sheet | CBC NewsCBC's Marketplace rounds up the consumer and health news you need from the week.
#AI#AlgorithmicPricing#DynamicPricing
🤘 The Metal Dog 🤘

#TheMetalDogArticleList
#MusicRadar
“Scalpers and bots just bought up all the tickets so we went through and cancelled all the scalper tickets. I want to make sure that tickets go to people who actually want to come and are fans”: Chappell Roan takes decisive action
Artists, it seems, can get involve in ticketing issues

musicradar.com/artists/shows-f

#ChappellRoan#TicketingIssues#GigTicketing
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