Amazon CEO Jeff Bezos on Oct 02, 2019.

Elif Ozturk | Anadolu Agency | Getty Photographs

Senator Ed Markey, D-Mass., needs Jeff Bezos to get action versus “coronavirus-motivated price tag gouging” on Amazon.

In a letter despatched to the Amazon CEO on Wednesday, Markey asked Bezos to supply far more information and facts about what measures Amazon is getting to crack down on value gouging and how it determines regardless of whether an product is unfairly priced.

The letter will come following CNBC beforehand documented Amazon, Walmart and other e-commerce organizations have struggled to curb 3rd-celebration sellers who are overcharging for products that have spiked in need amid the spread of the coronavirus.

Sellers inflated selling prices for hazmat suits, encounter masks and hand sanitizer, between other solutions. For example, before Amazon ran out of inventory, N95 face masks have been priced at $13.28, but CNBC located examples of experience masks remaining marketed for as a lot as $195.

“Even though Amazon and the other sellers on Amazon.com have a suitable to be expecting a acceptable return on the goods they market, they do not have a right to impose unjustifiably large rates on buyers who are searching for to defend themselves towards the coronavirus,” the letter says. “But according to push reviews, that is precisely what is going on.” 

Markey incorporated a record of concerns for Bezos seeking much more data on Amazon’s endeavours to stop selling price gouging, with a deadline for Amazon to react by March 18. Among the the inquiries questioned had been how Amazon tracks coronavirus-relevant price gouging on its system, how several cost-gouging warnings Amazon has issued to third-occasion sellers, how lots of listings Amazon has eliminated or suspended and what actions Amazon is using to avoid rate gouging. The letter also asks Amazon to explain “at what amount is an item unfairly priced.” 

Representatives from Amazon failed to straight away respond to a ask for for remark. 

Amazon has suspended or eradicated tens of countless numbers of offers from sellers that it accused of charging shoppers unfair rates, the corporation reported final week. An Amazon spokesperson told CNBC in a assertion that “there is no place for price tag gouging on Amazon” and pointed to the company’s “extensive-standing” coverage on honest pricing.



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