Instacart uses algorithmic pricing: Difference between revisions
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On December 12, the Senate Minority Leader Chuck Schumer authored a request to [[Federal Trade Commission|FTC]] Chairman Andrew Ferguson to investigate several key aspects of algorithmic pricing and its effects and return a written briefing within 30 days. He specifically mentioned the Consumer Reports investigation of Instacart's algorithmic pricing and requested a judgement on whether Instacart altering the "original" price on products constitutes deception.<ref>{{Cite web |last=Schumer |first=Charles |date=2025-12-14 |title=FTC LTR re Instacart DAP |url=https://www.democrats.senate.gov/imo/media/doc/20251214ftcltr.pdf |url-status=live |archive-url=https://web.archive.org/web/20260103232037/https://www.democrats.senate.gov/imo/media/doc/20251214ftcltr.pdf |archive-date=2026-01-03 |access-date=2025-12-21 |website=Senate Democrats}}</ref> | On December 12, the Senate Minority Leader Chuck Schumer authored a request to [[Federal Trade Commission|FTC]] Chairman Andrew Ferguson to investigate several key aspects of algorithmic pricing and its effects and return a written briefing within 30 days. He specifically mentioned the Consumer Reports investigation of Instacart's algorithmic pricing and requested a judgement on whether Instacart altering the "original" price on products constitutes deception.<ref>{{Cite web |last=Schumer |first=Charles |date=2025-12-14 |title=FTC LTR re Instacart DAP |url=https://www.democrats.senate.gov/imo/media/doc/20251214ftcltr.pdf |url-status=live |archive-url=https://web.archive.org/web/20260103232037/https://www.democrats.senate.gov/imo/media/doc/20251214ftcltr.pdf |archive-date=2026-01-03 |access-date=2025-12-21 |website=Senate Democrats}}</ref> | ||
On December 17, Reuters reported that the FTC has issued a [[wikipedia:Civil_investigative_demand|civil investigative demand]] to Instacart regarding Eversight, which may lead to a formal lawsuit. Shares in Instacart (CART.O) dropped 10% in after-hours trading following the announcement.<ref>{{Cite web |last=Godoy |first=Jody |date=2025-12-17 |title=Exclusive: FTC probes Instacart's AI pricing tool, source says; shares drop |url=https://www.reuters.com/legal/litigation/ftc-investigating-instacarts-ai-pricing-tool-source-says-2025-12-17/ |url-status=live |archive-url=https:// | On December 17, Reuters reported that the FTC has issued a [[wikipedia:Civil_investigative_demand|civil investigative demand]] to Instacart regarding Eversight, which may lead to a formal lawsuit. Shares in Instacart (CART.O) dropped 10% in after-hours trading following the announcement.<ref>{{Cite web |last=Godoy |first=Jody |date=2025-12-17 |title=Exclusive: FTC probes Instacart's AI pricing tool, source says; shares drop |url=https://www.reuters.com/legal/litigation/ftc-investigating-instacarts-ai-pricing-tool-source-says-2025-12-17/ |url-status=live |archive-url=http://web.archive.org/web/20251219050909/https://www.reuters.com/legal/litigation/ftc-investigating-instacarts-ai-pricing-tool-source-says-2025-12-17/ |archive-date=19 Dec 2025|access-date=2025-12-21 |website=Reuters}}</ref> | ||
==References== | ==References== | ||