Method, Apparatus, And Computer-readable Medium For Leveraging Real-time Sales Volume For Conducting Group Buys

  • Published: Nov 24, 2016
  • Earliest Priority: May 19 2015
  • Family: 4
  • Cited Works: 0
  • Cited by: 0
  • Cites: 0
  • Additional Info: Full text

A method, apparatus, and computer-readable medium for leveraging real-time sales volume for conducting group buys comprising initializing a sale of an item, the sale specifying a current price of the item which is calculated based on a current sales volume of the item and sales volume ranges, processing transactions with users for items at a purchase price equal to the current price when a purchase request is received from the corresponding user, terminating the sale of the item at a closing price when the current sales volume has reached a threshold or when a period of time has passed since the sale was initialized, and crediting accounts belonging to one or more users with an additional amount based at least in part on a difference between the closing price and the purchase price for each item for the corresponding user.

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Document History
  • Publication: Nov 24, 2016
  • Application: May 19, 2016
    US US 201615158950 A
  • Priority: May 19, 2016
    US US 201615158950 A
  • Priority: May 19, 2015
    US US 201562163948 P

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