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Amazon Busted for Widespread Scheme to Inflate Prices Across the Economy

https://lemmy.bestiver.se/post/950228

Amazon Busted for Widespread Scheme to Inflate Prices Across the Economy - Lemmy: Bestiverse

Comments [https://news.ycombinator.com/item?id=47145907]

Feb 25 at 1:50amWeb
Show threadslemptastropheFeb 25
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. 
Show threadCubitOomFeb 25
“Slammed”
Show threadtempestFeb 25
Blasted
Show threaderrerFeb 25
Sodomized
Show threadmycodesucksFeb 25
It also implies that we didn’t know they were doing this already.
Show threadHodorFeb 25
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.
Show threadxepFeb 25

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.