Internal emails show how Amazon raises prices across the Internet, lawsuit says
“It’s working!“: Amazon emails with vendors show pattern of disappearing deals.
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Newly unsealed emails reveal the sneaky ways that Amazon colludes with rivals to raise prices across the Internet on "everything from diapers to clothing to furniture," California Attorney General Rob Bonta alleged in a press release Monday. "Amazon and a competitor will knowingly stop price matching each other, so that one retailer can increase its price, and the other retailer can match to the new, higher price," Bonta alleged, pointing to one of three such schemes described in Amazon emails. "Thus, both competitors start selling at a higher price, increase their profits, and consumers pay more." The emails surfaced in a lawsuit that the state of California filed in 2022, accusing Amazon of wielding its tremendous influence as the world's largest retailer to pressure vendors into increasing prices on rival e-commerce websites or removing products from cheaper platforms entirely. According to The New York Times, these emails offer "a rare behind-the-scenes look at how Amazon operates its $2.66 trillion empire."Read full article Comments
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