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Sep 13, 2020

Amazon Accused of Price Gouging After Raising Prices Up to 1,000% During Lockdown

Posted by in category: biotech/medical

A new report finds Amazon set prices for essential products during the COVID-19 pandemic at levels that would violate price gouging laws in many U.S. states. Public Citizen reports Amazon marked up some goods by as much as 1,000% over the expected price at a time when millions of people were forced to shop online due to remain-at-home orders. Meanwhile, a new Oxfam report finds Amazon CEO Jeff Bezos could personally pay each of his 876,000 employees a six-figure bonus and still have more wealth than he controlled at the start of the pandemic.

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