Amazon suspended more than 3,900 selling accounts on its U.S. platform for violating its fair pricing policies. The retail giant said it is sharing information with federal and state regulators about sellers it thinks are engaging in price gouging.
Amazon has booted almost 4,000 sellers off its platform for jacking up their prices during the coronavirus pandemic.
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.
“We are constantly monitoring our stores for unfair prices and listings that make false claims in regards to COVID-19. We have dynamic, automated systems in place that locate and remove unfairly priced items. In addition, we have deployed a dedicated team that’s working continuously to identify and investigate unfairly priced products that are now in high demand, such as protective masks and hand sanitizer,” the company said in its blog post.
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