Amazon profits from the price gauging it says it’s trying to stamp out

Juan Aune visited a Lowe’s hardware store in Anchorage, Alaska, in late February and bought hundreds of boxes of N95 masks—at $21.98 each, allegedly bragging to an employee that he was flipping the masks and making a huge profit on each box. He also visited a Home Depot and other hardware supply stores.

Aune then went on to sell 477 of the 20 packs of masks on Amazon’s online store for about $90 each.

Amazon helped out by, at the very least, directing customers searching for masks to Aune. Amazon collects a fee, too, for every sale it facilitates.

Read the rest of this story on qz.com. Become a member to get unlimited access to Quartz’s journalism.





For Android Mobile users Ilwareed Online has an App available on Google Play Store, with this App you can get the latest News and Political Analysis every minute.
Download Ilwareed Now.

Follow us on Twitter #ilwareed and Facebook #ilwareedonline