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9/11, 2:33 PM (Source: TeleTrader)
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Amazon accused of lifting prices during pandemic

Consumer rights group Public Citizen on Friday accused Amazon.com of selling items at inflated prices of up to 1% during the coronavirus pandemic.

"Amazon publicly blamed so-called third-party sellers for price increases while continuing to allow third-party sellers to increase their prices," the watchdog's statement read. "The facts in this report demonstrate the need for a federal price gouging law, and for Amazon to reform pricing and product listing practices."

The tech giant has recently been accused of exploiting its dominant position in the market and unfair competition. Back in July, Amazon reported its second-quarter net income jumped 100% compared to the same period last year.

Breaking the News / JR