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An electric ice-cream maker was listed at $17.99 at Amazon and Best Buy

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Amazon price hike.

The price hikes and the product disappearances were not the blips of supply and demand, they were the results of behind-the-scenes pressure by Amazon, according to internal emails reviewed by the Guardian and court claims against the world’s largest company.

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Summary

A “modern leather” table lamp, listed online at Walmart, shot up from $24.99 to $39. An electric ice-cream maker was listed at $17.99 at Amazon and Best Buy. For years, as many Americans have felt squeezed by the costs of basic consumer goods, Amazon has deployed a variety of techniques that have incentivized suppliers to push for higher product prices on other retailers’ sites, California authorities claim in court. In some internal emails, Amazon employees have flagged low product prices on rival retailers’ sites as threats to Amazon’s own profitability, and informed the products’ suppliers that their sales on Amazon.com have been cut, or might soon be cut, going forward.

Read full article at The Guardian Technology →

#California #Amazon #FTC