this post was submitted on 09 Oct 2023
584 points (98.5% liked)
Technology
59312 readers
5006 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Is it really antitrust if the algorithm correctly concludes that you can effectively charge infinite money for basic needs like food, shelter, water, healthcare that humans need to survive?
The issue is that it sets the same prices for all its clients, so they all move in tandem. The more clients in one area using it, the stronger the profit for everyone because their prices move in lockstep. It creates the prices via its collision mechanism.
This is the same thing as those parties colluding to all raise their prices in tandem, they have just outsourced the collusion.
Streamline your Price Fixing shenanigans with our Tenant Screwer 3000™