FTC Probing Use of Browser Histories, Other Personal Info to Individualize Product Prices
"Firms that harvest Americans' personal data can put people's privacy at risk. Now firms could be exploiting this vast trove of personal information to charge people higher prices," FTC Chair Lina Khan said in a statement.
July 23, 2024 at 03:34 PM
4 minute read
The original version of this story was published on Corporate Counsel
Editor's note: Uber's and Lyft's variable-pricing strategies reflect a broader push by businesses ito optimize pricing. But their practices do not fall within the scope of "surveillance pricing," The story below has been updated to make that clear.
The Federal Trade Commission said Tuesday that it is investigating a little-known ecosystem of middlemen, including corporate giants Accenture, JPMorgan Chase & Co., Mastercard and McKinsey & Co., to explore how it helps clients set different prices for different consumers based on browsing histories, past purchases, credit histories and other personal information.
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