US lawmakers, in letter, question McDonald’s CEO about algorithmic pricing practices

More in Business

• Exclusive-Ambani's Jio explores tech-for-equity talks with Comcast and Charter, sources say

  Reliance Industries is attempting to export its in-house telecom innovations globally following a record-breaking domestic public offering. By offering its wireless setup to major foreign providers, the company aims to secure corporate stakes and establish its platform as an affordable, cable-free international standard. However, early efforts have already faced hurdles over how to value the unproven proprietary system abroad.

  1 min read
• Reddit tests ads in search results as traffic declines and growth concerns mount

  The platform is actively seeking new monetization avenues after issuing a disappointing fourth-quarter revenue forecast of $1 billion to $1.03 billion that caused its stock price to tumble. Google's introduction of AI-powered search features has severely reduced external referral traffic, forcing the company to extract more value from its stagnating audience. To support these commercial efforts, international markets will also see a mandatory login requirement implemented to block content scraping and enhance user…

  2 min read
• US lawmakers, in letter, question McDonald’s CEO about algorithmic pricing practices

  Five Democratic lawmakers, spearheaded by Senator Elizabeth Warren, have set a November 16 deadline for McDonald's leadership to address concerns over machine learning pricing engines. The inquiry targets risks of consumer price gouging and franchisee collusion driven by systems that estimate customers' willingness to pay. This regulatory push intensifies existing legal scrutiny surrounding automated price coordination across fast-food chains.

  1 min read