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March 24, 2021 01:00 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/Ws_6FVziwG8/la-times-investigates-sneaker-resale-industry-as-amazon-promotes-it-to-kids
LA Times Investigates Sneaker Resale Industry As Amazon Promotes It To Kids
theodp writes: Sneakerheads like to complain about the one that got away," writes the L.A. Times' Ronald D. White. "About haunting sneaker apps and websites yet failing to win shoe-drop raffles or find what they want at semiaffordable prices. About how the system must be rigged by resellers using bots and inside connections. Now, a scandal involving a Nike executive and her reseller son is roiling the sneaker world, highlighting worst suspicions about a booming market in which shoes can be traded like stocks. For serious sneaker collectors, this is more than a tempest in a shoebox." In a case of remarkably bad timing, just as the ethics of the lucrative sneaker resale industry came under scrutiny in the wake of the Nike scandal and questions were raised about exorbitant pandemic-fueled profits, Amazon launched a program for K-12 students that highlights how CS makes the sneaker resale marketplace gold rush possible. "Amazon and the AWS Services are really the backbone and foundation of how we do all of our work in Data Science," explains a GOAT Data Platform Engineer in an Amazon Future Engineer lesson that teaches kids how AI and data can be used to help flip sneakers by classifying GOAT website visitors as "Hype" ['willing to splurge'], "Core", or "Under Retail" user types.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/Ws_6FVziwG8/la-times-investigates-sneaker-resale-industry-as-amazon-promotes-it-to-kids
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