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HUGE ‼️ After public pushback Instacart ends dynamic pricing! We are all making a difference! “Instacart is pulling the plug on AI setting different prices for different customers — Effective immediately, Instacart is ending all item price tests on our platform” “The fact that they caved so quickly says... to me that they know that they were doing something wrong.” “Think Tank Groundwork Collaborative found that Instacart's algorithmic pricing charged various prices for the same item from the same store. The prices varied by 7% on average, depending on the shopper, which could cost a family of four $4, $1,200 more per year. One example, according to the report, a dozen eggs added to virtual carts at the same time from one Washington, D.C. grocery store rang up at five different prices, ranging from $3.99 to $4.79.” “Instacart insists that this price testing was not dynamic pricing (which is a lie, it was proven to be dynamic pricing) — the FTC is now probing Instacart over these controversial practices.”show more

Wall Street Apes

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No longer a conspiracy theory Instacart has been caught using Dynamic Pricing They are accessing personal data of users and then adjusting prices based on that data. If someone can afford to pay more for items, the prices increase “You may have heard of dynamic pricing. Well now Instacart is accused of using this controversial practice to charge consumers wildly inconsistent prices on the same products. — This is infuriating. Food delivery service Instacart is being accused of charging different prices to different customers on the same grocery items without them knowing. Groundwork, it's a consumer advocacy group, Instacart says Instacart's pricing algorithm could lead to shoppers paying an extra $1,200 on groceries annually. Nearly three-quarters of grocery items it surveyed were sold at different price points. Instacart said the price differences were tests conducted by some retailers to learn what matters most to consumers. It denied using shoppers' personal information to fuel dynamic or customized pricing.”

No longer a conspiracy theory Instacart has been caught using Dynamic Pricing They are accessing personal data of users and then adjusting prices based on that data. If someone can afford to pay more for items, the prices increase “You may have heard of dynamic pricing. Well now Instacart is accused of using this controversial practice to charge consumers wildly inconsistent prices on the same products. — This is infuriating. Food delivery service Instacart is being accused of charging different prices to different customers on the same grocery items without them knowing. Groundwork, it's a consumer advocacy group, Instacart says Instacart's pricing algorithm could lead to shoppers paying an extra $1,200 on groceries annually. Nearly three-quarters of grocery items it surveyed were sold at different price points. Instacart said the price differences were tests conducted by some retailers to learn what matters most to consumers. It denied using shoppers' personal information to fuel dynamic or customized pricing.”

Wall Street Apes

418,470 Aufrufe • vor 8 Monaten

I sent a letter to Instacart demanding answers about their use of algorithmic pricing and price experiments that led users to be charged different prices for the same products. New Yorkers deserve fair prices and clear disclosures about how their personal information is used.

I sent a letter to Instacart demanding answers about their use of algorithmic pricing and price experiments that led users to be charged different prices for the same products. New Yorkers deserve fair prices and clear disclosures about how their personal information is used.

NY AG James

44,621 Aufrufe • vor 7 Monaten

This is how Instacart got exposed accessing your personal data to algorithmically adjust grocery store prices based on each person (dynamic pricing) The investigators at More Perfect Union say this is starting to happen everywhere and needs to be regulated “Five months of digging, what we found is bigger than Instacart. Yes, inflation is real, but something else has been pushing prices higher this whole time. There's a system, one that grocery stores and tech companies built together. It learns from every purchase. It's not just online, it's in the physical stores you walk into. With the primary goal, maximize profit. Here's how we uncovered it, how it's turning the grocery business into a gold mine, and why, without regulation, your grocery bill may keep climbing no matter what happens with inflation” The held an experiment with a bunch of people in a room, everyone ordered the same 20 items to the same address. Each one from their personal phone. The app Instacart gave everyone different prices After researching they found 3 different prices were available for everyday items like cereal, adjusted based on your data After being caught Instacart denied they were using dynamic pricing but announced they were no longer going to adjust prices based on data But that’s one company, this video goes into great detail showing it’s coming everywhere

This is how Instacart got exposed accessing your personal data to algorithmically adjust grocery store prices based on each person (dynamic pricing) The investigators at More Perfect Union say this is starting to happen everywhere and needs to be regulated “Five months of digging, what we found is bigger than Instacart. Yes, inflation is real, but something else has been pushing prices higher this whole time. There's a system, one that grocery stores and tech companies built together. It learns from every purchase. It's not just online, it's in the physical stores you walk into. With the primary goal, maximize profit. Here's how we uncovered it, how it's turning the grocery business into a gold mine, and why, without regulation, your grocery bill may keep climbing no matter what happens with inflation” The held an experiment with a bunch of people in a room, everyone ordered the same 20 items to the same address. Each one from their personal phone. The app Instacart gave everyone different prices After researching they found 3 different prices were available for everyday items like cereal, adjusted based on your data After being caught Instacart denied they were using dynamic pricing but announced they were no longer going to adjust prices based on data But that’s one company, this video goes into great detail showing it’s coming everywhere

Wall Street Apes

176,228 Aufrufe • vor 7 Monaten

EXCLUSIVE: We uncovered a secret corporate scheme to raise grocery prices. We found that Instacart is using AI algorithms to charge customers different prices for the same items. The scary part? It's not just online. It's in physical grocery stores too. Our months-long investigation with Consumer Reports and Groundwork Collaborative found it could cost families $1200/year.

EXCLUSIVE: We uncovered a secret corporate scheme to raise grocery prices. We found that Instacart is using AI algorithms to charge customers different prices for the same items. The scary part? It's not just online. It's in physical grocery stores too. Our months-long investigation with Consumer Reports and Groundwork Collaborative found it could cost families $1200/year.

More Perfect Union

4,029,901 Aufrufe • vor 8 Monaten

“Surge Pricing” in American grocery stores has arrived Kroger partnered with Microsoft to introduce AI-powered technologies for personalized pricing “Kroger just rolled out surge pricing using facial recognition technology: - Determine the maximum price of goods customers are willing to pay - Kroger has the ability to change the prices of their products depending on the facial image of the person buying them - Depending on the image of the person buying the product, they can access our information and dictate that price - Can also use our image to determine how often we buy certain products and increase the price of that product - Dynamic pricing in grocery stores could resemble the airline industry's ticket pricing strategies “This could lead to discriminatory practices using AI as a scapegoat to charge people of different races, different socioeconomic status, different family sizes, and different dietary restrictions different prices for the same products that they are buying” (Kroger, the largest grocery chain in the U.S., denied claims that ESLs would be used for surge pricing, insisting its pricing strategy aims to lower costs for consumers. "To be clear, Kroger does not and has never engaged in 'surge pricing.' Any test of electronic shelf tags is designed to lower prices for more customers where it matters most”) … Yeah right

“Surge Pricing” in American grocery stores has arrived Kroger partnered with Microsoft to introduce AI-powered technologies for personalized pricing “Kroger just rolled out surge pricing using facial recognition technology: - Determine the maximum price of goods customers are willing to pay - Kroger has the ability to change the prices of their products depending on the facial image of the person buying them - Depending on the image of the person buying the product, they can access our information and dictate that price - Can also use our image to determine how often we buy certain products and increase the price of that product - Dynamic pricing in grocery stores could resemble the airline industry's ticket pricing strategies “This could lead to discriminatory practices using AI as a scapegoat to charge people of different races, different socioeconomic status, different family sizes, and different dietary restrictions different prices for the same products that they are buying” (Kroger, the largest grocery chain in the U.S., denied claims that ESLs would be used for surge pricing, insisting its pricing strategy aims to lower costs for consumers. "To be clear, Kroger does not and has never engaged in 'surge pricing.' Any test of electronic shelf tags is designed to lower prices for more customers where it matters most”) … Yeah right

Wall Street Apes

688,871 Aufrufe • vor 1 Jahr

Are you still using Instacart? They’re building & buying AI tech (like Eversight) to run hidden backdoor price tests—putting shoppers in different “buckets” to figure out the absolute highest price you’re willing to pay for the same groceries. They claim prices come from grocery stores, but when asked (e.g., Target), stores say they don’t even partner with Instacart—they just use public prices + Instacart adds fees after buying rival Shipt for hundreds of millions. Instacart’s experiments led to identical items costing up to 23% more for some users, costing families hundreds extra yearly. At what point is convenience no longer worth the hidden gouging? Time to rethink the app? #Instacart #GroceryPrices #ConsumerRipoff

Are you still using Instacart? They’re building & buying AI tech (like Eversight) to run hidden backdoor price tests—putting shoppers in different “buckets” to figure out the absolute highest price you’re willing to pay for the same groceries. They claim prices come from grocery stores, but when asked (e.g., Target), stores say they don’t even partner with Instacart—they just use public prices + Instacart adds fees after buying rival Shipt for hundreds of millions. Instacart’s experiments led to identical items costing up to 23% more for some users, costing families hundreds extra yearly. At what point is convenience no longer worth the hidden gouging? Time to rethink the app? #Instacart #GroceryPrices #ConsumerRipoff

Anttsinc

12,512 Aufrufe • vor 4 Monaten

🚨 THEY’RE PINGING YOUR PHONE TO CHANGE PRICES IN REAL TIME Major retailers are quietly testing AI-driven dynamic pricing with tech that reads your location, data, and proximity to the store before deciding what you pay. Every ping from your phone ... GPS, Bluetooth, Wi-Fi, app activity, all of it feeds an algorithm that decides your “value.” The closer you get, the higher it goes. They call it personalized pricing. You’d call it being tracked and charged for who the system thinks you are. Same item. Different people. Different prices. So when your total jumps the second you walk in - is that inflation, or surveillance disguised as a sale?

🚨 THEY’RE PINGING YOUR PHONE TO CHANGE PRICES IN REAL TIME Major retailers are quietly testing AI-driven dynamic pricing with tech that reads your location, data, and proximity to the store before deciding what you pay. Every ping from your phone ... GPS, Bluetooth, Wi-Fi, app activity, all of it feeds an algorithm that decides your “value.” The closer you get, the higher it goes. They call it personalized pricing. You’d call it being tracked and charged for who the system thinks you are. Same item. Different people. Different prices. So when your total jumps the second you walk in - is that inflation, or surveillance disguised as a sale?

HustleBitch

76,267 Aufrufe • vor 9 Monaten

Candy prices change in front of customers at Walmart because of these new electronic pricing tags This means you could pick up an item, put it in your cart, and by the time you get to the checkout the price could be higher How is this not fraud Americans don’t want electronic pricing tags that change during the day. We all fear this leads to dynamic pricing Side note, these candy bar backs used to be $1 not that long ago. Now they’re $3.16

Candy prices change in front of customers at Walmart because of these new electronic pricing tags This means you could pick up an item, put it in your cart, and by the time you get to the checkout the price could be higher How is this not fraud Americans don’t want electronic pricing tags that change during the day. We all fear this leads to dynamic pricing Side note, these candy bar backs used to be $1 not that long ago. Now they’re $3.16

Wall Street Apes

1,586,319 Aufrufe • vor 3 Monaten

No longer a ‘conspiracy theory’ Online retailers are accessing your data and then adjusting prices for items based on that data Airlines are being caught adjusting prices based on data too “This holiday season, you and your neighbor could be shopping for the exact same item and pay different prices — surveillance pricing is and how your personal data plays a role. You may be shopping for gifts from the comfort of your couch, but stores can still see who you are. Most of these companies are charging you a different price based on some data they have about you. It could be your location, it could be your proximity to the store, it could be your shopping history, knowing that you bought a product previously and are willing pay for it again.” “Consumer watchdog president Jamie Court says surveillance pricing is nearly impossible to avoid — Court says his organization has evidence all the major retailers use personal algorithms to nudge a price up or down, targeting data from your Amazon cart, Uber rides, or even the brand of laptop you're using to shop” “For those traveling for the holidays. Airlines will charge you a different price depending upon how many times you go to the website. “Currently, there is no federal regulation for companies that use surveillance pricing. We reached out to the FTC”

Wall Street Apes

519,087 Aufrufe • vor 7 Monaten

I just went down this rabbit hole, and it's so fascinating. So apparently, airlines have been selling your data to competitors for years. Strange right? I know, hear me out... It's called dynamic pricing. Dynamic pricing is when a company charges you a price calculated specifically for you, based on what they know about you, rather than a fixed price everyone sees. Nobody called it surveillance. The mainstream take on dynamic pricing is that it's sinister and new. Corporations secretly watching, jacking up prices, exploiting desperation. That anger is mostly right. Dynamic pricing isn't a bug that crept into capitalism. It's the entire architecture of how information asymmetry becomes profit. Airlines have always charged different people different prices for the same seat. Hotels. Insurance companies. Actuarial profiling predates the internet. What changed isn't the behavior. It's the resolution. Your battery at 8% telling Uber you're stranded is a higher-resolution version of the taxi driver who saw you running in the rain and didn't turn the meter off. The new part is the precision. They know you searched the same flight six times. They know you're on a Mac. They know your zip code and how long you've been sitting on the page. Old dynamic pricing responded to demand. Surveillance pricing responds to you. The counterargument from the market side is real. Personalization can mean discounts. But companies optimizing for revenue will use behavioral data to find the ceiling, not the floor. What are your thoughts? Is this fair or pure greed from big corp? That's a wrap. Li is a gallery for the greatest minds in economics, psychology, and history. Follow if that interests you. We are ONE genius away. -- P.S. I'm building a course on how the world actually works. Not the surface story, but the incentive layer underneath it. Who funds what. Who benefits from what you believe? Why the official explanation is rarely the complete one. Comment "yes" if you're interested in something like this. Waitlist opens soon.

I just went down this rabbit hole, and it's so fascinating. So apparently, airlines have been selling your data to competitors for years. Strange right? I know, hear me out... It's called dynamic pricing. Dynamic pricing is when a company charges you a price calculated specifically for you, based on what they know about you, rather than a fixed price everyone sees. Nobody called it surveillance. The mainstream take on dynamic pricing is that it's sinister and new. Corporations secretly watching, jacking up prices, exploiting desperation. That anger is mostly right. Dynamic pricing isn't a bug that crept into capitalism. It's the entire architecture of how information asymmetry becomes profit. Airlines have always charged different people different prices for the same seat. Hotels. Insurance companies. Actuarial profiling predates the internet. What changed isn't the behavior. It's the resolution. Your battery at 8% telling Uber you're stranded is a higher-resolution version of the taxi driver who saw you running in the rain and didn't turn the meter off. The new part is the precision. They know you searched the same flight six times. They know you're on a Mac. They know your zip code and how long you've been sitting on the page. Old dynamic pricing responded to demand. Surveillance pricing responds to you. The counterargument from the market side is real. Personalization can mean discounts. But companies optimizing for revenue will use behavioral data to find the ceiling, not the floor. What are your thoughts? Is this fair or pure greed from big corp? That's a wrap. Li is a gallery for the greatest minds in economics, psychology, and history. Follow if that interests you. We are ONE genius away. -- P.S. I'm building a course on how the world actually works. Not the surface story, but the incentive layer underneath it. Who funds what. Who benefits from what you believe? Why the official explanation is rarely the complete one. Comment "yes" if you're interested in something like this. Waitlist opens soon.

GeniusThinking

38,698 Aufrufe • vor 4 Monaten

This woman shares her experience with Walmart’s digital price tags and how they appear to be using something called dynamic pricing. Dynamic pricing is when companies adjust prices in real time based on demand or other factors. She found a pair of shoes marked down to just $3 on clearance. When she scanned the tag in the shoe aisle, it showed $3. But by the time she reached the register, the same shoes scanned for nearly $19. When she went back with a manager to check, the price seemed to change depending on where she was standing in the store. It’s raising some questions about how transparent this kind of pricing really is — especially for people trying to stick to a budget. Have you ever had a price change on you while shopping, either in-store or online?

This woman shares her experience with Walmart’s digital price tags and how they appear to be using something called dynamic pricing. Dynamic pricing is when companies adjust prices in real time based on demand or other factors. She found a pair of shoes marked down to just $3 on clearance. When she scanned the tag in the shoe aisle, it showed $3. But by the time she reached the register, the same shoes scanned for nearly $19. When she went back with a manager to check, the price seemed to change depending on where she was standing in the store. It’s raising some questions about how transparent this kind of pricing really is — especially for people trying to stick to a budget. Have you ever had a price change on you while shopping, either in-store or online?

End3of6Days9 (Helen) 🇺🇸

48,547 Aufrufe • vor 2 Monaten

According to one customer, people are damaging the digital pricing labels at his grocery store. Despite outcry from consumers across the country, multiple giant supermarket chains are implementing digital price labels and dynamic pricing strategies where the cost of items fluctuate frequently based on multiple factors. Walmart, the country's largest grocer, hopes to have digital price labels at 2,300 U.S. stores by 2026. Kroger is expanding the use of digital labels this year after testing them at 20 stores. Whole Foods is testing the labels in nearly 50 stores. Customers worry these digital labels will let companies raise prices at a moment's notice, making greater profits off essential items at the grocery store.

According to one customer, people are damaging the digital pricing labels at his grocery store. Despite outcry from consumers across the country, multiple giant supermarket chains are implementing digital price labels and dynamic pricing strategies where the cost of items fluctuate frequently based on multiple factors. Walmart, the country's largest grocer, hopes to have digital price labels at 2,300 U.S. stores by 2026. Kroger is expanding the use of digital labels this year after testing them at 20 stores. Whole Foods is testing the labels in nearly 50 stores. Customers worry these digital labels will let companies raise prices at a moment's notice, making greater profits off essential items at the grocery store.

More Perfect Union

573,355 Aufrufe • vor 1 Jahr

Instacart founder Apoorva Mehta on doing things that don’t scale “Y Combinator encourages startups to do things that don’t scale. I find that this is one of the biggest competitive advantages that a startup has over a larger company… The idea is that once your product has demand, you can figure out how to scale your product.” Apoorva explains how in the early days of Instacart customers could place orders even if there weren’t shoppers online to fulfill those orders. “Of course, this meant that I would drop everything I was doing and fulfill the order myself.” They also ran into the issue that Trader Joe’s didn’t have an API or website with catalog of the items in the store. So the team literally went to their local Trader Joe’s, bought one of every single item, took it back to their office, photographed every single item, and manually entered it in the Instacart catalog. “Using the same unscalable techniques, we added Whole Foods, Costco and many other stores, and we realized we had the best product in the market.” Having the best product on the market allowed Instacart to quickly expand to 10 cities and maintain 10% week over week growth for 20 weeks. This traction would allow Instacart to raise more money, hire more people, and then make everything scalable. Video source: Y Combinator (2014)

Instacart founder Apoorva Mehta on doing things that don’t scale “Y Combinator encourages startups to do things that don’t scale. I find that this is one of the biggest competitive advantages that a startup has over a larger company… The idea is that once your product has demand, you can figure out how to scale your product.” Apoorva explains how in the early days of Instacart customers could place orders even if there weren’t shoppers online to fulfill those orders. “Of course, this meant that I would drop everything I was doing and fulfill the order myself.” They also ran into the issue that Trader Joe’s didn’t have an API or website with catalog of the items in the store. So the team literally went to their local Trader Joe’s, bought one of every single item, took it back to their office, photographed every single item, and manually entered it in the Instacart catalog. “Using the same unscalable techniques, we added Whole Foods, Costco and many other stores, and we realized we had the best product in the market.” Having the best product on the market allowed Instacart to quickly expand to 10 cities and maintain 10% week over week growth for 20 weeks. This traction would allow Instacart to raise more money, hire more people, and then make everything scalable. Video source: Y Combinator (2014)

Startup Archive

37,143 Aufrufe • vor 7 Monaten

KFC App caught using dynamic pricing KFC initially gives you a lower price, then right when you’re going to checkout it offers a promo It’s a June Promo for free delivery. Well the order was over $30, so you click it. It makes you re-add the cart to get the promo. But now everything is more expensive That order that was $30 now costs you over $40 This is a form of of dynamic or what’s known as “stealth pricing” The “free delivery” bait gets you to the threshold, but the overall cost rises due to inflated item prices This is a scam (Proof shown in video)

KFC App caught using dynamic pricing KFC initially gives you a lower price, then right when you’re going to checkout it offers a promo It’s a June Promo for free delivery. Well the order was over $30, so you click it. It makes you re-add the cart to get the promo. But now everything is more expensive That order that was $30 now costs you over $40 This is a form of of dynamic or what’s known as “stealth pricing” The “free delivery” bait gets you to the threshold, but the overall cost rises due to inflated item prices This is a scam (Proof shown in video)

Wall Street Apes

186,080 Aufrufe • vor 2 Monaten

Michigan Senator Mallory McMorrow reveals companies are using dynamic algorithmic pricing to charge Americans more based on your data She says this is even being used to increase rents - A $240 flight to Florida increased to $423 because you looked twice - Uber pricing doubled because phone battery was below 20% “Usually it's about 18 bucks, but oh, the app knows that your phone battery is low, so it's double the price. Companies are using algorithmic pricing tools to study your personal data and charge you exactly what they think you'll pay. This is called surveillance pricing, and it means that companies can charge you completely different prices for the exact same thing, and it's not just happening to consumers. Some companies are now using similar algorithms to track workers and decide their wages, hours, and schedules, even their locations — My plan bans companies from setting personalized prices based on your data — It protects all workers, including gig workers and contractors from algorithmic wage discrimination, and it cracks down on companies using these systems to coordinate things like higher rents and insurance premiums, because the economy shouldn't be a rigged game.”

Michigan Senator Mallory McMorrow reveals companies are using dynamic algorithmic pricing to charge Americans more based on your data She says this is even being used to increase rents - A $240 flight to Florida increased to $423 because you looked twice - Uber pricing doubled because phone battery was below 20% “Usually it's about 18 bucks, but oh, the app knows that your phone battery is low, so it's double the price. Companies are using algorithmic pricing tools to study your personal data and charge you exactly what they think you'll pay. This is called surveillance pricing, and it means that companies can charge you completely different prices for the exact same thing, and it's not just happening to consumers. Some companies are now using similar algorithms to track workers and decide their wages, hours, and schedules, even their locations — My plan bans companies from setting personalized prices based on your data — It protects all workers, including gig workers and contractors from algorithmic wage discrimination, and it cracks down on companies using these systems to coordinate things like higher rents and insurance premiums, because the economy shouldn't be a rigged game.”

Wall Street Apes

428,972 Aufrufe • vor 4 Monaten

I literally gasped watching this American bought a cheap phone, hired someone to use it in poor neighborhoods, and visit places acting like they have no money After a day, apps on that phone had cheaper prices than a normal persons phone Dynamic pricing is real and we are being robbed blind. Phone are collecting data and using that data to charge people different prices for the exact same services and items

I literally gasped watching this American bought a cheap phone, hired someone to use it in poor neighborhoods, and visit places acting like they have no money After a day, apps on that phone had cheaper prices than a normal persons phone Dynamic pricing is real and we are being robbed blind. Phone are collecting data and using that data to charge people different prices for the exact same services and items

Wall Street Apes

708,646 Aufrufe • vor 5 Tagen

🇺🇸🇮🇷 One-third of the normal ship traffic is moving through the Strait of Hormuz right now, and prices are barely reacting. Professor Steve Hanke calls it anomalous, and says the math simply doesn't add up. "If inventories are low, which they are now, we know that that's something we know. You find the price structure should be one in which you observe spot prices above futures prices by a considerable level." The market is pricing in a world that doesn't exist yet. Steve Hanke

🇺🇸🇮🇷 One-third of the normal ship traffic is moving through the Strait of Hormuz right now, and prices are barely reacting. Professor Steve Hanke calls it anomalous, and says the math simply doesn't add up. "If inventories are low, which they are now, we know that that's something we know. You find the price structure should be one in which you observe spot prices above futures prices by a considerable level." The market is pricing in a world that doesn't exist yet. Steve Hanke

Mario Nawfal

56,586 Aufrufe • vor 1 Monat

I genuinely want an explanation for this. SCAM run by IRCTC For the same train, same class (2AC), and the same date (9th), IRCTC shows a fare of ₹3,780 with a dynamic charge of ₹521. When I move across dates and come back to the exact same journey, the fare drops to around ₹3,505 while the dynamic charge suddenly falls to ₹261. If a seat is sold with a ₹261 dynamic charge, why was a higher dynamic charge being shown moments earlier for the same availability? Dynamic pricing is supposed to reflect demand, not behave like a slot machine. Ye Can Ministry of Railways and IRCTC explain how passengers are expected to trust fare calculations when the same seat appears to attract different dynamic charges within minutes? Passengers deserve transparency, not a pricing black box. And I'm really stunned to see that for the 60-day advance reservation the price is, at one instance, shown without dynamic fare & In the other instance when I switch between previous day and next day, the prices are again inflated. This is absolutely ridiculous. Just before people tell me that I should be checking on the app, the same behavior is on the app as well. I'm saying the same behavior on the desktop website of IRCTC. This is absolutely unacceptable by all means. What on earth are you doing Ashwini Vaishnaw!?? Congress Raghav Chadha please raise these issues in the parliament. Railways is what a common man would just traveling long distances and cheating them like this is unfair!!! Consumer Affairs #IRCTC #Railways #IndianRailways #ConsumerRights

I genuinely want an explanation for this. SCAM run by IRCTC For the same train, same class (2AC), and the same date (9th), IRCTC shows a fare of ₹3,780 with a dynamic charge of ₹521. When I move across dates and come back to the exact same journey, the fare drops to around ₹3,505 while the dynamic charge suddenly falls to ₹261. If a seat is sold with a ₹261 dynamic charge, why was a higher dynamic charge being shown moments earlier for the same availability? Dynamic pricing is supposed to reflect demand, not behave like a slot machine. Ye Can Ministry of Railways and IRCTC explain how passengers are expected to trust fare calculations when the same seat appears to attract different dynamic charges within minutes? Passengers deserve transparency, not a pricing black box. And I'm really stunned to see that for the 60-day advance reservation the price is, at one instance, shown without dynamic fare & In the other instance when I switch between previous day and next day, the prices are again inflated. This is absolutely ridiculous. Just before people tell me that I should be checking on the app, the same behavior is on the app as well. I'm saying the same behavior on the desktop website of IRCTC. This is absolutely unacceptable by all means. What on earth are you doing Ashwini Vaishnaw!?? Congress Raghav Chadha please raise these issues in the parliament. Railways is what a common man would just traveling long distances and cheating them like this is unfair!!! Consumer Affairs #IRCTC #Railways #IndianRailways #ConsumerRights

A 🇮🇳

27,293 Aufrufe • vor 1 Monat

🚨 MICHAEL’S STORES JUST QUIETLY REMOVED ALL PRICE TAGS - SHOPPERS CALL IT “DIABOLICAL DYNAMIC PRICING” A woman walked into Michael’s and realized NOTHING in the store has a price on it anymore. No stickers, no tags, no scanners, not even the app will tell you. Workers admitted: “Yeah… I don’t know why they’re doing that." Customers now only find out the price AFTER they get to the register. People are saying this is the beginning of full-blown dynamic pricing, where the store changes the price based on WHO you are and WHEN you shop. Shoppers are furious, saying they’re walking out empty-handed because they refuse to play “price roulette” at the checkout. Is this the future of shopping… or a straight-up scam being tested on Americans?

🚨 MICHAEL’S STORES JUST QUIETLY REMOVED ALL PRICE TAGS - SHOPPERS CALL IT “DIABOLICAL DYNAMIC PRICING” A woman walked into Michael’s and realized NOTHING in the store has a price on it anymore. No stickers, no tags, no scanners, not even the app will tell you. Workers admitted: “Yeah… I don’t know why they’re doing that." Customers now only find out the price AFTER they get to the register. People are saying this is the beginning of full-blown dynamic pricing, where the store changes the price based on WHO you are and WHEN you shop. Shoppers are furious, saying they’re walking out empty-handed because they refuse to play “price roulette” at the checkout. Is this the future of shopping… or a straight-up scam being tested on Americans?

HustleBitch

1,432,681 Aufrufe • vor 8 Monaten

Walmart just cut prices on thousands of items, including Coke and Pepsi. That is not supposed to happen if the inflation story were true. The whole narrative rested on one assumption: companies have pricing power because consumers have income to absorb higher costs. Walmart cutting prices says the opposite. And when the largest retailer in America moves, suppliers, competitors, grocery chains, discounters all get dragged into the same price war. There are two kinds of disinflation. One comes from supply improving and productivity rising, consumers win without any pain. The other comes from demand being too weak to support higher prices, so companies are forced to cut. This is the second kind. Meanwhile the TIPS market has been pricing exactly this for over a year, through the tariff scare, through the energy shock, breakevens never bought the inflation spiral story. Now they have crashed even further. The Fed and mainstream economists are still staring at headline payroll numbers, calling the labor market resilient. The market pricing real money is telling a very different story.

Walmart just cut prices on thousands of items, including Coke and Pepsi. That is not supposed to happen if the inflation story were true. The whole narrative rested on one assumption: companies have pricing power because consumers have income to absorb higher costs. Walmart cutting prices says the opposite. And when the largest retailer in America moves, suppliers, competitors, grocery chains, discounters all get dragged into the same price war. There are two kinds of disinflation. One comes from supply improving and productivity rising, consumers win without any pain. The other comes from demand being too weak to support higher prices, so companies are forced to cut. This is the second kind. Meanwhile the TIPS market has been pricing exactly this for over a year, through the tariff scare, through the energy shock, breakevens never bought the inflation spiral story. Now they have crashed even further. The Fed and mainstream economists are still staring at headline payroll numbers, calling the labor market resilient. The market pricing real money is telling a very different story.

Jeffrey P. Snider

23,965 Aufrufe • vor 23 Tagen