
Summary
Written by a model from the transcript; not yet reviewed.
Consumer protection expert Lindsay Owens joins the show to discuss her book, Gouged: The End of a Fair Price and What That Means for Your Wallet. The conversation covers how corporations use high-tech strategies like surveillance pricing, algorithmic adjustments, and dynamic pricing to maximize profits far beyond simple inflation costs. Owens details specific investigations, such as uncovering Instacart's A/B testing on grocery items and DoorDash's patented agitation index, highlighting how everyday consumer goods and services have become battlegrounds for corporate extraction. The discussion also explores legislative roadblocks, the influence of lobbyists in Washington, and actionable steps consumers can take to fight back against hidden fees and unpredictable pricing.
- Consumers can test for algorithmic price discrimination by comparing app and checkout costs across different user profiles and devices. 1:17:13
- Using incognito mode when booking travel or tickets can help reduce hidden fee variations and differential pricing. 1:19:46
- Shoppers can demand transparency and accountability by posting unfair pricing experiences publicly on social media. 1:20:24
- Citizens can urge state lawmakers to support legislation that bans surveillance pricing and protects personal consumer data. 1:47:56
Chapters
- 0:00Intro and Huell Promotion
Host opens with a lighthearted rant about lunch, then plugs the Huell meal powder and offers a discount code.
- 1:53Introducing Lindsay Owens
Theo welcomes consumer advocate Lindsay Owens, noting her book and expertise in price gouging investigations.
- 3:23Personal Motivation for Investigating Price Gouging
Owens recounts how rising inflation sparked her interest in how companies pass costs onto consumers.
- 4:36Defining Price Gouging and Related Terms
The pair discuss legal definitions, the duck test, and how dynamic pricing differs from price gouging.
- 5:44Dynamic Pricing in Everyday Life
They explore examples from Ticketmaster, Walmart’s electronic shelf labels, and the potential for algorithmic price changes in grocery stores.
- 8:46Electronic Shelf Labels and Algorithmic Pricing
Owens explains how DSLs could enable real‑time price changes based on weather or other data, raising concerns about fairness.
- 18:11Future of Fair Pricing and Consumer Action
The episode concludes with ideas for consumer-driven change, such as supporting fixed‑price retailers and demanding transparency from corporations.
- 25:10Instacart Pricing Experiments
Owens details a study that revealed Instacart charged different users different prices for the same items, using AI tools like Eversight.
- 30:34Other Delivery and Ticketing Experiments
The conversation turns to Uber Eats, DoorDash, and StubHub, highlighting fee variations and hidden pricing tactics.
- 31:15Lobbying, Congress, and Corporate Influence
Owens discusses her experience testifying before Senator Hawley, the challenges of congressional investigations, and the power of corporate lobbying.
- 40:30Historical Context of Fair Pricing
They trace the evolution from haggling to fixed prices, citing Quakers, John Wanamaker, and the rise of electronic pricing systems.
- 47:23Walmart’s Biometric Patents Exposed
The hosts reveal Walmart’s extensive patent portfolio that tracks biometric data to influence pricing.
- 49:29The ‘Karen Patent’ and Customer Retaliation
Discussion of Walmart’s appeasement engine patent designed to gauge customer anger and adjust responses.
- 1:08:20Surveillance Pricing in Retail and Beyond
Exploration of how retailers use location, purchase history, and biometric data to personalize prices.
Highlights
- 2:16
Washington Think Tank Investigationsinsight
Groundwork Collaborative conducts research and investigations into corporate America to help policymakers pass laws that stop Americans from getting ripped off.
- 25:28
Corporate Lobbyists on the Hillinsight
Armies of lobbyists descend on Capitol Hill to delay, weaken, or load consumer protection bills with loopholes until they are completely useless.
- 26:37
Instacart Grocery Experimentdata
An experiment with secret shoppers revealed that Instacart charged different customers up to 23% different prices for the exact same 23 grocery items at the same time.
- 31:31
DoorDash Agitation Index Patentdata
DoorDash filed a patent for an agitation index that tracks user scroll speed, jerkiness, and phone battery life to manipulate promotions and pricing.
- 33:55
Coca-Cola Temperature Sensorsstory
In the 1990s, Coca-Cola piloted vending machines equipped with thermometers to automatically charge higher prices for sodas on hot days.
- 1:12:21
Kroger earned over $500 million, accounting for a third of its net income, by harvesting and selling loyalty program customer data to other corporations.
- 1:31:50
AI Chatbot Price Discriminationdata
A study testing 13 AI models found that agents recommended pricier flights and health insurance plans to wealthier simulated user profiles.
- 1:39:23
Princeton Review Zip Code Pricingdata
The Princeton Review charged higher prices for SAT prep courses based on customer ZIP codes, heavily penalizing areas with high Asian populations.
Quotes
“I think there are a handful of things we should do. The first thing that I would like to see is, I'd like to see Congress actually use their investigative powers to crack down on corporate America, right?”
Unnamed speaker · 18:31 “If prices are changing minute by minute in the grocery store, that makes budgeting impossible.”
Unnamed speaker · 38:51 “The price tag enabled fairness, right? It enabled predictability. If you're on a budget, you need to know how much groceries cost week to week.”
Unnamed speaker · 38:42 “They updated their privacy policy recently and it included biometric data. Like you're signing away the fact that they collect biometric data.”
Unnamed speaker · 49:01 “They have patents for that. Glucose levels, they have patents for retinal scanning, things like that.”
Unnamed speaker · 48:52 “The first thing I'll say is turn the experiment back around on these companies.”
Unnamed speaker · 1:16:59 “The biggest study of AI shopping assistants, they ran 325,000 experiments.”
Unnamed speaker · 1:31:18 “Meta Chief AI Officer Alexander Wang, he was on this show.”
Theo Von · 1:35:15 “The Princeton Review determines pricing based on a potential customer's ZIP code.”
Theo Von · 1:39:35 “The shopper's bill of rights is 12 different rights, um, that I think are no-brainers.”
Unnamed speaker · 1:44:56
Sponsored segments
- Huell 0:22–1:20
- Chime 22:28–23:37
- Shopify 23:57–24:50
- modify 59:06–59:54
About this episode
Lindsay Owens, Ph. D is a consumer protection expert known for her investigations into price gouging and manipulation. Her new book “Gouged: The End of a Fair Price- and What That Means for Your Wallet” is available now. Lindsay joins Theo to talk about the shocking technology companies are using to get you to pay more, how the rise of AI is creating a corporate surveillance state, and real ways the consumer can fight back. Lindsay Owens: https://www.instagram.com/lindsayowensphd/ ------------------------------------------------- Tour Dates! https://theovon.com/tour New Merch: https://www.theovonstore.com ------------------------------------------------- Sponsored By: Celsius: Go to the Celsius Amazon store to check out all of their flavors. #CELSIUSBrandPartner @CelsiusOfficial https://amzn.to/3HbAtPJ Shopify: Take control of your income. Start your free trial at http://shopify.com/theo Chime: Join the millions who are already banking for free and sign up now at http://Chime.com/THEO Modiphy: Get 50% off the last website you’ll ever need at https://modiphy.com/THEO ------------------------------------------------- Music: “Shine” by Bishop Gunn Bishop Gunn - Shine ------------------------------------------------ Submit your funny videos, TikToks, questions and topics you'd like to hear on the podcast to: [email protected] Hit the Hotline: 985-664-9503 Video Hotline for Theo Upload here: https://www.theovon.com/fan-upload Mail stuff to: ATTN: TPW PO BOX 40137 Nashville TN 37204 ------------------------------------------------ Find Theo: Website: https://theovon.com Instagram: https://instagram.com/theovon Facebook: https://facebook.com/theovon Facebook Group: https://www.facebook.com/groups/thispastweekend X: https://twitter.com/theovon YouTube: https://youtube.com/theovon Clips Channel: https://www.youtube.com/c/TheoVonClips Shorts Channel: https://bit.ly/3ClUj8z ------------------------------------------------ Producer: Zach https://www.instagram.com/zachdpowers Producer: Trevyn https://www.instagram.com/trevyn.s/ Producer: Nick https://www.instagram.com/realnickdavis/ Producer: Andrew https://www.instagram.com/bleachmediaofficial/ Producer: Halston https://www.instagram.com/halstonrays/ Learn more about your ad choices. Visit megaphone.fm/adchoices
Transcript
21,772 words · 6 speakers
Speaker names marked are inferred from speaking time and the show’s known hosts — they are not voice-verified.
Topics
- Walmart
- Instacart
- Ticketmaster
- dynamic pricing
- price gouging
- surveillance pricing
- Sparky
- DoorDash
- Kroger
- Live Nation
Page updated · transcript and summary are machine-generated