Email a copy of 'Three More Amazon Sellers Plead Guilty to Price Fixing' to a friend
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Ina Steiner is co-founder and Editor of EcommerceBytes and has been reporting on ecommerce since 1999. She's a widely cited authority on marketplace selling and is author of "Turn eBay Data Into Dollars" (McGraw-Hill 2006). Her blog was featured in the book, "Blogging Heroes" (Wiley 2008). She is a member of the Online News Association (Sep 2005 - present) and Investigative Reporters and Editors (Mar 2006 - present). Follow her on Twitter at @ecommercebytes and send news tips to ina@ecommercebytes.com. See disclosure at EcommerceBytes.com/disclosure/.
And the government has More Fish to Fry :
Spectrum (TV) has No competition whatsoever.
I called to reduce my cable package, and they were all too happy to try to sell me an Updated box for $2 more a month. That would make it $140 a month for just cable with a stupid amount of channels I don’t watch. You can’t choose another cable provider. STUCK.
I only have it for the news and restoration stuff.
Big deal, manufacturer’s along with Amazon itself uses MAP and other tools to fix prices and lock out other sellers.
Amazon currently has a systematic problem. Multiple vendors are price gouging. The government is light years behind in this respect. I buy thousands yearly and have witnessed this issue for years. One box of Melba toast as one example.
https://www.amazon.com/Old-London-Melba-Toast-Whole/dp/B005G4VOLY/ref=sr_1_9?crid=NHBZWF0LCD2K&keywords=melba&qid=1641796384&sprefix=melba%2Caps%2C111&sr=8-9
Price gouging is when a seller overcharges got something people NEED. If you don’t want to pay $20 for Melba toast, don’t!
Amazon charges 15% commission. If the seller is shipping this themselves, they’re also paying to ship to you (I bet this is over 1lb once it’s packed, so $8-ish.) That alone is $11, to say nothing of other expenses.
If it ships from Amazon’s warehouse, they pay an additional fee based on size and weight – it’s 3 or 4 bucks minimum, could be upwards of $6 for this. That’s at least $6 just going to Amazon, and it’s probably more like $8-9 for this product.
Yeah, some stuff is way too expensive on Amazon – because it’s expensive to sell there, because they encourage “free” shipping (would you feel better if these were $12+shipping?) and because some stuff just doesn’t really make sense for mail order, yet people offer it anyway. These wouldn’t be any cheaper on eBay or eCrater or anywhere else, but you don’t see this kind of stuff on those sites because only Amazon’s customers are willing to overpay for crackers.
Read. Your wrong.
https://rush.house.gov/media-center/press-releases/rush-urges-federal-trade-commission-investigate-price-gouging-costs
WOW they prosecuted over $360 Well whoop-de-doo Amazon for weeding out a 10c disorganized crime syndicate.
I had written $360,00 (above) and mistakenly left out the last 0, edited to show $360,000. Thanks.
BurglePork says:
January 10, 2022 at 3:37 pm
Price gouging is when a seller overcharges got something people NEED. If you don’t want to pay $20 for Melba toast, don’t!
What? Overcharges got something what??????/