Online Retailers’ New Measures Fail to Put a Stop to Price-Gouging
32 U.S. states are asking major online retailers to do more to curb price-gouging on their platforms. They want big e-commerce players to go beyond their current “whack-a-mole” approach by deploying protections before emergency declarations by states and implementing a dedicated page where consumers can report incidents of price-gouging. While online retailers such as Amazon, Walmart, and eBay are taking a hard line against price-gougers, the bipartisan group of attorneys general say it isn’t enough.
The issue of price-gouging on online platforms has become a hot topic among law enforcement agencies, officials and lawmakers as panicked consumers look to stock up on essential items during the outbreak.