In the US, Amazon has kicked 3,900 sellers off its platform for price gouging during the coronavirus crisis
Mar 24, 2020, 17:13 IST
Shutterstock
Advertisement
- Amazon announced Monday that it has booted 3,900 sellers off its platform for price gouging.
- The coronavirus crisis has sent demand for deliveries of medical and household items skyrocketing.
- Sellers have tried to take advantage, charging extortionate prices for items such as hand sanitizer and toilet roll.
- At the beginning of this month Amazon said it had banned 2,500 US seller accounts.
- Visit Business Insider's homepage for more stories.
Advertisement
Amazon said in a company blog on Monday that it had removed 3,900 sellers for price gouging, and with them well over half a million extortionately priced items.
Earlier in March Amazon announced it had removed 530,000 listed products from site and suspended 2,500 US seller accounts.
Complimentary Tech Event
Transform talent with learning that works
Capability development is critical for businesses who want to push the envelope of innovation.Discover how business leaders are strategizing around building talent capabilities and empowering employee transformation.Know More
Amazon didn't specify what the accounts were selling.
Advertisement
On Monday President Trump signed an executive order specifically banning price gouging and hoarding of medical items like face masks.
Since the coronavirus started to spread across the globe, demand for Amazon deliveries has skyrocketed, and sellers have sought to benefit. Prices for items such as face masks, hand sanitizer, and thermometers have ballooned by hundreds of dollars.
Do you work for Amazon? Got a tip? Email this reporter at ihamilton@businessinsider.com or iahamilton@protonmail.com.
Advertisement