Amazon struggles to stop the tide of coronavirus speculators | Technology

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Amazon is struggling to avoid speculation while “bad actors” try to capitalize on coronavirus fears by increasing the prices of masks and disinfectants by up to 2,000%.

The US company said it had removed “tens of thousands” of listings, but analysts have compared the situation with a whack-a-mole game with products that reappear shortly after the removal.

“There is no place for the price increase on Amazon The company said. “We are disappointed that bad actors try to artificially increase commodity prices during a global health crisis and we have recently blocked or eliminated tens of thousands of offers.” The staff was monitoring the lists throughout the day, he added.

With many products sold out or rationed in stores, shoppers have turned to online retailers to order masks, hand sanitizers and even hazardous materials suits. Other websites, such as eBay, Walmart and Etsy, have also had difficulty controlling sellers’ use.

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Unauthorized listings belong to outside vendors that generate approximately half of all sales on the Amazon site. These vendors list items directly in their market and, in some cases, use the company’s logistics to bring their products to customers. Merchants who break the company’s “fair price policy” run the risk of suspending their accounts or eliminating their sales privileges.

Last month, the World Health Organization expressed concern about some misleading Amazon listings, including fake coronavirus treatments, which led to the removal of more than 1 million products from the site.

A “coronavirus” search on the website now features disparate products ranging from £ 9 nasal sprays that promise to treat the “cause of virus infections” to £ 20 medical identification bands and test kits for dogs and cats.

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