business / news / / The Guardian
Newly unredacted documents reveal how Amazon pressured independent sellers using its platform into raising their prices.
Unredacted court documents reveal Amazon pressured sellers to raise prices on Walmart and Target.
KEY POINTS
- Amazon used Buy Box suppression and an internal program to discourage sellers from offering lower prices on Temu.
- Internal communications show Amazon tracked competitor prices down to a single cent difference.
- Sellers testified that losing the Buy Box led to Amazon sales dropping by up to 80%.
- California alleges Amazon's practices intentionally undermine competition and actively drive up online retail prices.
COMPANIES
Summarized by Newsio from The Guardian. How we summarize →