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this post was submitted on 23 Jul 2024
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I'm not okay with companies charging different prices to different people, with a few exceptions like discounts for low-income people. Adjusting prices to squeeze the maximum amount of money from each individual should be illegal, and IIUC, it is in the EU.
There is a simple way to prevent this. Make it illegal to change the price of an item more than once a day. It completly kills these dynamic pricing schemes.
Some states already have these rules on the books to prevent price gouging during emergencies, but we need a federal law for it.
Doing something similar for stocks would effectively ban high frequency trading, which I'd be all for as it's really just automated insider trading.