I guess? I always just assume that's what's going on all the time. But there's also people that are going to be massively hyperbolic like yourself too, which I also assume is going on all the time. Everyone is just trying to get money.
Also I wouldn't call this software sophisticated at all, its pretty rudimentary. It's just comparing numbers and adjusting them by an offset. They also stopped using it, I assume because it wasn't sophisticated enough to account for the myriad of market forces at play.
Yes, market pricing is reactionary. Other sellers might also see increased sales when Amazon raises prices.
Probably why Amazon stopped using this pricing model.
No, you're doing capitalism just like Amazon and everyone else. And if you don't want to do it personally feel free to write a script to do it just like Amazon
It's literally anyone's business model in a capitalistic market, it's hilarious that people are shocked and offended
I don't think you understand what price fixing is. Adjusting prices to market competition is not price fixing. This same concept can also lower prices if another vendor is selling the same item for less.
For instance, Amazon frequently will lower prices to match chewy and Walmart
Most people don't know how retail pricing works, so when they read an article like this, they're shocked and offended