FTC orders Walmart, Delta and others to share how they use personal data to set prices and pay
The agency will study how 11 firms use personal data and AI to set individualized prices, wages and job offers, officials said.
- On Wednesday, the Federal Trade Commission ordered Walmart, Uber, and seven other companies to provide detailed information on how they use consumer data to set individual prices and wages.
- The advance of algorithmic pricing technology has fueled concern that companies set prices on an individual basis to extract the maximum amount each shopper is willing to pay, though these strategies remain difficult to observe from outside.
- "Consumers deserve to know whether companies use their web surfing habits or other personal data to estimate the highest price they can charge each consumer," said FTC Chairman Andrew Ferguson. The commission is also examining how delivery services determine compensation for gig workers.
- Delta stated it has "zero tolerance for discriminatory or predatory pricing" and does not use personal data for individualized offers, while Walmart's CEO stated last month the retailer does not use personal information like income to set prices.
- Legislators in at least 30 states have considered pricing-related bills this year, as the FTC flexes its consumer protection powers ahead of the U.S. congressional elections next week when voters rank cost of living as a top issue.
20 Articles
20 Articles
Exclusive-US FTC demands Walmart, Uber, Delta and others hand over data on personalized pricing - Regional Media News
By Jody Godoy Oct 28 (Reuters) - The US Federal Trade Commission is demanding information from Walmart, Uber and seven other companies on whether and how they use consumers' personal data such as location, browsing history and income to set individual prices, wages and job [...]
FTC orders Walmart, Delta and others to share how they use personal da
The U.S. Federal Trade Commission said Wednesday it is ordering Delta Air Lines , Walmart and other companies to provide detailed information on how they use consumers’ data when they’re setting prices. The commission said it is
FTC orders Walmart, Delta and others to share how they use personal data to set prices and pay – WTOP News
The U.S. Federal Trade Commission said Wednesday it is ordering Delta Air Lines, Walmart and other companies to provide detailed information on how they use consumers’ data when they’re setting prices. The commission said it is also studying how ride-sharing and delivery companies like Uber use their independent drivers’ personal data when setting compensation rates....
Associated Press News
FTC orders Walmart, Delta and others to share how they use personal data to set prices and pay
The U.S. Federal Trade Commission is ordering Delta Air Lines, Walmart and other companies to provide detailed information on how they use consumers’ data when they are setting prices.
The US consumer protection agency FTC targets Walmart, Uber and seven other companies. The focus is on how personal data influence prices, wages and job offers.
Coverage Details
Bias Distribution
- 53% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
