Amazon Price Fixing

sburns

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.

www.nytimes.com

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 www.nytimes.com

www.theverge.com

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

The high cost of low prices.
www.theverge.com www.theverge.com
 
sburns said:
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.

www.nytimes.com

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 www.nytimes.com

www.theverge.com

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

The high cost of low prices.
www.theverge.com www.theverge.com
Click to expand...
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.
 
sburns said:
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.

www.nytimes.com

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 www.nytimes.com

www.theverge.com

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

The high cost of low prices.
www.theverge.com www.theverge.com
Click to expand...

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

I remember when I used to put things in my Amazon cart, if I didn't buy immediately, the price would start going up. It really ****** me off, but I've noticed they don't seem to do that any more.
 
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GreyGhost said:
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.
Click to expand...
The first time I applied for a Costco CC they asked so many questions I walked away.

Occupation?
Retired

From what occupation?
Electrical

Commercial, Industrial or Residential?
Commercial

What position?
Own or rent?
Loans?

Mother's maiden name
Etc, etc, etc

They would know more about me than my mother.

The information could be sold or shared.

A hacker could also steal it to be sold on the dark web.

In this Go Light on Crime country wouldn't it be nice if the governments sank their teeth into some of these blatant abuses.

I'm sick of seeing news reports of people losing their life savings to scams.

I did get a Costco card when the bank did a promo with just a few questions, name, rank, serial number.
 
I don't know enough about economics to rate the possibility of there being a political system that is fair to everyone.

Communism sounds great. Everyone pays the same for a loaf of bread and makes the same amount of money.

The down side is that not everyone is equal and eventually a more talented or stronger worker gets tired of doing more work than the others but gets the same sized loaf of bread. The result is stagnation.

Capitalism has worked well for centuries but population growth and demands on a finite planet is causing problems.

Wage and price controls won't work even if every country on the planet agreed to the same financial standard.

Limiting ROI results in stagnation. "We might have been able to find a cure for your condition but no one wanted to take on the risk / reward package."

Virtually every sector of our economy is dependent on the stock market and big business. The government has no choice if things go sour. Too many banks, insurance companies and pension plans would go under if not protected. The little guy gets thrown under the bus.

It's easy to be a crooked politician if you keep the voters stupid, especially in math.

A $500 billion budget = $12500 each for every man, woman and child in the country.

The first step is to educate the population in reality math.

Another step is to get people to try to justify what they feel they deserve with factual answers.

Right now we elect a bunch of MPs to run our country for us, basically giving them four year POAs or health and finances. Instead have them, like contractors, bid on a four year maintenance plan for Canada for $500 billion.

If they go over budget it's on their dime.
 
nobbie48 said:
The first time I applied for a Costco CC they asked so many questions I walked away.
Click to expand...

So would I as it is none of their business.

Personally, I have no use for Costco as I have found the same or sometimes better pricing in everyday stores. Then they have a product I like and months later they no longer carry it when I want to buy it again. And why the eff would I pay for a membership? Also not really worth it if you are single. I did get my MaxJax car lift from them and when they would not honour a lower price, I got them to refund my membership in cash, a membership I bought with points.

As for Amazon, I shop there quite a bit for products that I need and they are cheaper in many cases. But what I did find was a day or two later, when I go to the same product, the price goes up. Coincidence or are they noting you've been there before and putting the fear of God into you thinking the prices might go up again in the next few days so that you'll buy.

And don't get me going on MSRP pricing in Canada. The S stands for "suggested" otherwise it would be MFRP where the F stands for "fixed". :ROFLMAO:
 
nobbie48 said:
It's easy to be a crooked politician if you keep the voters stupid, especially in math.
Click to expand...

Bingo!


nobbie48 said:
Another step is to get people to try to justify what they feel they deserve with factual answers.
Click to expand...

The MPs got a 4.0% increase where pension indexing when up 2.0%. Gosh, I didn't know my food, gas, heating, etc costs are lower than theirs. :rolleyes:

The MP's increase is based on what workers get across the country on average when you go to the government site. Backbenchers aka as those that just sit there and do nothing but nod, clap, stand up and sit down, well I can do that. And they sit for between 75 and 135 days a year. Real workers go to work 50 x 5 = 250 days a year and get 2 weeks of paid vacation.
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