Businesses that use personalized pricing are now required to tell customers, “This price was set by an algorithm using your personal data.”
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New York state law takes aim at personalized pricing
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This is an interesting development in New York’s approach to pricing transparency. It’s great to see efforts aimed at ensuring consumers are informed about how prices are determined. This could lead to a more fair marketplace for everyone.
that the state is prioritizing consumer awareness. It’s also worth noting how this could influence other states to adopt similar measures, potentially leading to a nationwide shift in pricing practices. Transparency like this can empower consumers to make more informed decisions.
It’s great to see the focus on transparency! Additionally, this law might encourage businesses to rethink their pricing strategies, leading to fairer practices that benefit all consumers in the long run.