Amazon Vows to Act on Price-Gouging on Coronavirus Goods

Amazon responded to a letter from US Senator Ed Markey, who wrote it appeared to be profiting from panic buying.

Advertisement
By Agence France-Presse | Updated: 6 March 2020 11:50 IST
Highlights
  • Amazon pledged to take steps to fight price gouging
  • A US senator had complained of "unjustifiably high prices"
  • Hand sanitizers and surgical masks are in high demand

Amazon pledged Thursday to take steps to fight price gouging after a US senator complained of "unjustifiably high prices" on hand sanitizers and surgical masks to protect against coronavirus infections.

The US retail giant responded to a letter from Senator Ed Markey, who wrote that Amazon appeared to be profiting from panic buying related to the epidemic.

Advertisement

"We agree with Senator Markey -- there is no place for price gouging on Amazon and that's why our teams are monitoring our store 24/7 and have already removed tens of thousands of offers for attempted price gouging," an Amazon spokesperson said in an email.

"We are disappointed that bad actors are attempting to take advantage of this global health crisis and, in addition to removing these offers, we are terminating accounts."

About half of Amazon sales come from third-party vendors as part of the company's online "marketplace."

Markey questioned Amazon's vigilance after a series of media reports highlighted markups on some items of as much as 2,000 percent, with one report indicating the company's enforcement of its fair-pricing policy as "haphazard."

Advertisement

"No one should be allowed to reap a windfall from fear and human suffering," Markey said Wednesday. "I'm calling on Amazon to stop and prevent coronavirus-inspired price gouging."

 

Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel.

Further reading: Amazon
Advertisement

Related Stories

Popular Mobile Brands
  1. Best Phones With Telephoto Cameras Under Rs. 40,000
  2. Samsung Galaxy S26 FE Review: Near-Flagship Specs, But at What Cost?
  3. OnePlus 16 vs iQOO 16: Price and Specifications Compared
  1. Samsung Galaxy F70 5G With 5,000mAh Battery, 50-Megapixel Camera Goes on Sale in India: Price, Offers
  2. Apple ‘Pro and Tell’ Event Set for Next Week; First MacBook With Touchscreen, New iPad Mini and More Expected to Launch
  3. Cysic Shuts Down Bridge After Attacker Illegally Creates 10 Million CYS Tokens
  4. JPM Coin Arrives on Ethereum as JPMorgan Expands Institutional Payments
  5. Vivo V80 FE Reportedly Spotted on BIS Certification Website, India Launch Seems Imminent
  6. Airtel’s New Recharges in India Announced: Rs. 185, Rs. 203 and Rs. 206 Voice-Only Plans Details
  7. Vivo X500 Ultra Leak Reveals Launch Timeline, Chipset, Display and Key Specifications
  8. iQOO Neo 12 Launch Date Announced; Design, Colour Options Teased
  9. Qubic Halts Chain as Attacker Exploits Weak Seeds to Drain 1,400 Wallets
  10. iPhone Duo Battery Capacity Revealed Days Before Foldable Goes on Sale
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2026. All rights reserved.