Amazon Surges to Record High, Vows To Crack Down on Coronavirus Price Gouging [TheStreet.com]
Amazon.com, Inc. (AMZN)
Last amazon.com, inc. earnings: 4/30 04:01 pm
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Source: TheStreet.com
Amazon Inc.(AMZNGet ReportAmazon said 6,000 accounts had been suspended in the price gouging purge, which followed allegations that some sellers were marking-up key items by as much as 2,000 percent from previous listings. The suspension followed a letter from Congressional lawmakers to Federal Trade Commission Chairman Joseph Simons urging the regulator to investigate allegations of price gouging during the pandemic."Amazon is acting aggressively to protect our customers from bad actors looking to exploit the crisis," the company said in Securities and Exchange Commission filing Thursday. "We’ve removed over half a million offers from our stores due to COVID-based price gouging, and we’ve suspended more than 6,000 selling accounts globally for violating our fair-pricing policies.""Amazon turned over information about sellers we suspect engaged in price gouging of products related to COVID-19 to 42 state attorneys general offices," the statement added. "To accelerate our response to p
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AMZN
Earnings
- 10/30/25 - Beat
AMZN
Sec Filings
- 12/3/25 - Form 4
- 11/25/25 - Form 4
- 11/25/25 - Form 4
- AMZN's page on the SEC website