Amazon removes price-gouging sellers while jacking up its own prices
Amazon has removed nearly 4,000 price-gouging accounts for violating its “fair pricing policies,” according to a post on its blog this past week. The statement went on to assert that Amazon would be working closely with law enforcement and policymakers “to hold bad actors accountable” for taking advantage of product scarcity during the pandemic. One thing it didn’t address? The company’s own price hikes. According to a report by U.S. Public Interest Group released earlier this month, nearly one in six of Amazon’s directly-sold products’ prices had gone up by 50 percent or more.