this post was submitted on 13 Nov 2026
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New York City Council Approves Landmark Legislation Banning Surveillance Pricing (council.nyc.gov)
submitted 14 hours ago by Beep@feddit.online to c/technology@lemmy.world
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cross-posted from: https://feddit.online/c/tech@feddit.online/p/2110072/new-york-city-council-approves-landmark-legislation-banning-surveillance-pricing

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[–] NuanceDemon@lemmy.dbzer0.com 16 points 12 hours ago* (last edited 12 hours ago)

They can overlap. Price gouging means charging excessively high prices, especially when people have little choice during shortages or emergencies. Its basically demand based pricing, a fairly normal economic principle, taken to extremes.

Surveillance pricing means using personal data to estimate what you're willing to pay and tailoring your price accordingly. Two people could be buying the same product at the same time and see different prices because the company thinks it can squeeze more out of one of them.