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FTC alleges that AI fraudsters at Amazon misled investors
- ChrisArchitect 2y agoTitle is: AI scammers on Amazon duped investors out of millions with ‘passive income’ scheme, FTC alleges
- billy99k 2y agoI remember reading about these automated store businesses on a marketing forum. I did something like this myself in 2009. I would use my own software to find arbitrage opportunities on other websites (and also cancel listings when they were sold out). It worked pretty well for a couple of years. Low amount of cancellations and happy customers. After awhile, it became harder and harder to make a profit, because as soon as I found something profitable, Amazon would start selling from their own warehouse and out-compete me or all my sales would drop off to 0. I eventually moved off of Amazon completely and 10X my profit.