Amazon Price Fixing

[sburns]

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I've always wondered about stuff like this, in the background sneaky sht was going on, not just with Amazon, but others as well. It kinda sheds some light on the feelings people have with grocery store pricing over the past few years. Not to mention the whole bread scandal, which of course nothing tangible happened. But this should be interesting, and if anything comes out of this.

California Accuses Amazon of Price Fixing in Legal Filing

The state claimed the e-commerce giant pressured brands like Levi’s and Hanes to ask competing retailers to raise prices on certain products.

www.nytimes.com

Here’s how Amazon’s price fixing allegedly drove up prices everywhere

The high cost of low prices.

www.theverge.com

 

[GreyGhost]

I've always wondered about stuff like this, in the background sneaky sht was going on, not just with Amazon, but others as well. It kinda sheds some light on the feelings people have with grocery store pricing over the past few years. Not to mention the whole bread scandal, which of course nothing tangible happened. But this should be interesting, and if anything comes out of this.

California Accuses Amazon of Price Fixing in Legal Filing

The state claimed the e-commerce giant pressured brands like Levi’s and Hanes to ask competing retailers to raise prices on certain products.

www.nytimes.com

Here’s how Amazon’s price fixing allegedly drove up prices everywhere

The high cost of low prices.

www.theverge.com

If you want to get really annoyed, look into the variable pricing based on what they think you are willing to spend. Whenever a company is caught doing that, they just argue it was a test and therefore they should be held harmless. I am not against surge pricing as pricing things to market demand is annoying but makes sense but pricing based on ability to pay offends me.

On a related note, credit cards asking you to update your income are apparently primarily for marketing so they can figure out your ability to pay more. There is no requirement to actually update it so I don't. No repercussions yet.

 

[PacoT]

I've always wondered about stuff like this, in the background sneaky sht was going on, not just with Amazon, but others as well. It kinda sheds some light on the feelings people have with grocery store pricing over the past few years. Not to mention the whole bread scandal, which of course nothing tangible happened. But this should be interesting, and if anything comes out of this.

California Accuses Amazon of Price Fixing in Legal Filing

The state claimed the e-commerce giant pressured brands like Levi’s and Hanes to ask competing retailers to raise prices on certain products.

www.nytimes.com

Here’s how Amazon’s price fixing allegedly drove up prices everywhere

The high cost of low prices.

www.theverge.com

DW have a great documentary in YT discussing Amazon's pricing model (price fixing). I'll post the link later)

 

[sburns]

If you want to get really annoyed, look into the variable pricing based on what they think you are willing to spend. Whenever a company is caught doing that, they just argue it was a test and therefore they should be held harmless. I am not against surge pricing as pricing things to market demand is annoying but makes sense but pricing based on ability to pay offends me.

On a related note, credit cards asking you to update your income are apparently primarily for marketing so they can figure out your ability to pay more. There is no requirement to actually update it so I don't. No repercussions yet.

I hate all the sht. I think this type of predatory practices should be abolished. Sell the dam product/service for what it actually costs. Nobody should be getting rich off people's necessity. Which is why browser's started to have privacy modes. I saw this first hand with Expedia, seeing pricing increases for what seemed no reason, until I switched over to another browser and saw a different price for the exact same flight.

Yeah CC's have always been marketing tools collecting personal data, which they sell off to marketers, resellers etc.

 

[mimico_polak]

And don't expect our gov't to help us out / protect us from this predatory practice...because it's SOCIALISM!

Doug Ford nixes idea of grocery surveillance pricing ban in Ontario | Globalnews.ca

Ontario Premier Doug Ford is nixing the idea of banning so-called surveillance pricing on groceries, as Manitoba has proposed.

globalnews.ca

 

[timtune]

Nobody should be getting rich off people's necessity.

Sadly that pretty much sums up capitalism.

 

[JC99]

Anyone really surprised?

My biggest peeve is the change to subscription models for absolutely everything.

Want your traction control settings on your bike changed? Subscription

Heated seats on a car you already own switched on? Subscription

That software you used to own that’s no longer being updated? Subscription

Lets rent some music to you via a subscription

Let’s rent computer storage to you.

Want to play a video game? Sorry, you need to pay the subscription fee in addition to the game fee for that feature.

It’s parasitic draw on your earnings at sums small enough that they hope you won’t miss at times.

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