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For Immediate Release
Contact: press@groundworkcollaborative.org

Groundwork's Lindsay Owens on FTC Pricing Investigation

Today, the Federal Trade Commission launched an investigation into surveillance pricing, ordering information from eight companies on the practice in a 5-0 vote. The orders were sent to Mastercard, Revionics, Bloomreach, JPMorgan Chase, Task Software, PROS, Accenture, and McKinsey & Co. Groundwork’s Executive Director Lindsay Owens applauded the action in the following statement:

“Surveillance pricing isn’t new, but new technologies like better data collection and smarter algorithms are turbocharging it and costing Americans a small fortune.

“Today’s investigation is an important step in cracking down on the methods big corporations use to spy on consumers to rip them off.”

The Groundwork Collaborative is dedicated to advancing a coherent and persuasive progressive economic worldview and narrative capable of delivering meaningful opportunity and prosperity for everyone. Our work is driven by a core guiding principle: We are the economy. Groundwork Collaborative envisions an economic system that produces strong, broadly shared prosperity and power for all people, not just a wealthy few.