FTC Probes Why Online Stores Charge You Different Prices
Federal regulators want to know if companies track your data to change prices on everyday items.
You browse an online store for plane tickets or groceries. Your neighbor checks the exact same store at the exact same minute. Yet you might see a higher price on your screen.
The Federal Trade Commission wants answers about this practice. Regulators call it surveillance pricing. Officials sent orders to nine major corporations to study the issue. The list includes major brands like Delta and Walmart.
The FTC orders demand details on how companies collect personal information. Firms track your location and your search history. Regulators want to know if computer programs raise costs based on your private details.
Keep an eye on prices across different web browsers. Clear your web cookies before big purchases to help find the best deal.
Source: Fox Business
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