Amazon Busted for Widespread Scheme to Inflate Prices Across the Economy

https://www.thebignewsletter.com/p/amazon-busted-for-widespread-price

Comments

135 points · 7 comments · view on lemmy.world

7 Comments

slemptastrophe@piefed.social · 55 pts · 163d (4 replies)

The word "busted" implies that they'll be made to stop doing it and be held accountable somehow. We all know that's not going to happen though. 

CubitOom@infosec.pub · 21 pts · 163d (2 replies)

"Slammed"

tempest@lemmy.ca · 10 pts · 163d (1 reply)

Blasted

errer@lemmy.world · 3 pts · 163d

Sodomized

mycodesucks@lemmy.world · 4 pts · 163d

It also implies that we didn't know they were doing this already.

Hodor@sh.itjust.works · 9 pts · 163d

This is what defines monopoly. They kept prices low to avoid monopoly charges in the beginning... now it's safe to get away with it.

xep@discuss.online · 5 pts · 163d

Amazon uses its Buy Box algorithm to make sure that sellers can’t sell through a different store or even through their own site with a lower price and access Amazon customers, even if they would be able to sell it more cheaply. If they do, they get cut off from the Buy Box, and thus, cut off de facto from being able to sell on Amazon.