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Price Gouging

All articles tagged with #price gouging

GameStop’s Pokémon Card Markups Reach 400%, Triggering Backlash and Calls for Market Oversight
business57 minutes ago

GameStop’s Pokémon Card Markups Reach 400%, Triggering Backlash and Calls for Market Oversight

Engadget reports that GameStop is marking up Pokémon cards well above retail, with 30th Anniversary sets priced far higher than Pokémon Center offerings (e.g., Ascended Heroes boosters around $90 online vs $27 retail), ETBs about $170, and Ultra-Premium Collections up to $600, often not listed online to enable last-minute increases; the piece notes this sparks backlash and outlines potential measures by Nintendo/The Pokémon Company to curb scalping, such as inventory controls and market operator agreements, amid ongoing bot-driven online restocks and in-store shortages.

via Engadget|
#30th-anniversary-set#business#gamestop
Target Joins Pokémon TCG Price-Hike Trend, Edging Up Card Costs
news11 days ago

Target Joins Pokémon TCG Price-Hike Trend, Edging Up Card Costs

Kotaku reports that Target is quietly inflating prices on Pokémon TCG products, following GameStop’s earlier spikes. June 26 price increases were observed on popular booster bundles (Ascended Heroes Booster Bundle MSRP $26.94, now $31.99), with no warning to customers, suggesting retailers are cashing in on demand and shortages. Kotaku has reached out to Target for comment.

via Kotaku|
#news#pokemon-tcg#price-gouging
US DRAM Makers Hit with Consumer Class Action Over Shortage-Driven Price Hikes
technology12 days ago

US DRAM Makers Hit with Consumer Class Action Over Shortage-Driven Price Hikes

A US consumer class-action accuses Samsung, SK Hynix and Micron of restricting DRAM supply to inflate prices amid persistent shortages. Filed June 25, 2026 in the Northern District of California (case 3:26-cv-06345), the suit alleges anti-competitive behavior and cites past DOJ price-fixing penalties, while noting ongoing production expansions to meet AI-driven demand; the outcome will hinge on antitrust findings and industry responses.

via Wccftech|
#class-action#dram#memory
Trump accuses oil giants of gouging drivers, urges DOJ probe into pump prices
politics13 days ago

Trump accuses oil giants of gouging drivers, urges DOJ probe into pump prices

Former President Donald Trump accused ExxonMobil, Chevron, Shell and BP of price gouging drivers, claiming wholesale oil costs have fallen and pump prices should be about $2.25 per gallon; he asked the DOJ to immediately investigate, while the oil industry group API disputed the characterization and officials noted that geopolitical events and supply dynamics influence gasoline prices.

via Yahoo Finance|
#doj-investigation#gasoline-prices#oil-companies
Resale Greed Price-Gouges Fans Out of the World Cup, NBA Finals, and Stanley Cup
business1 month ago

Resale Greed Price-Gouges Fans Out of the World Cup, NBA Finals, and Stanley Cup

The piece argues that online resellers and dynamic pricing are driving up tickets for major events (World Cup, NBA Finals, Stanley Cup), effectively pricing out ordinary fans. It cites FIFA’s high prices and rapid sellouts, exorbitant Knicks playoff tickets, and nosebleed seats exceeding $1,000 for the Stanley Cup as evidence. The author blames bots, platform incentives, and weak U.S. anti-scalping laws (BOTS Act limitations) for a system that favors the wealthy, noting other countries have passed caps or bans on resale above face value. With little U.S. action forthcoming, the piece calls for urgent policy changes to curb price gouging and restore access to live sports.

via SB Nation|
#anti-scalping-laws#business#consumer-protection
Steam Controller Vanishes Quick as Scalpers Push Prices Toward $400
news2 months ago

Steam Controller Vanishes Quick as Scalpers Push Prices Toward $400

Valve's new $100 Steam Controller sold out in under an hour amid high demand and occasional purchase errors, while scalpers on eBay are listing new units for roughly $300–$400. Valve hasn't announced restocks and may be holding inventory for a Steam Machine launch, leaving buyers to wait or pay inflated reseller prices. The controller is praised for its trackpad haptics and locator feature, but it notably lacks RAM, a quirk enthusiasts point to as part of its quirky appeal.

via Kotaku|
#ebay#news#price-gouging
UK heating-oil prepayments hit by war-driven price swings and cancellations
business3 months ago

UK heating-oil prepayments hit by war-driven price swings and cancellations

UK heating-oil customers report prepaid orders being canceled after the Iran–Israel conflict began, with some suppliers trying to double-charge; while the industry association notes rapid price swings and says many distributors are honouring orders, politicians call for action to curb profiteering and the government vows intervention if needed. Some customers have seen orders eventually honoured, highlighting vulnerabilities amid volatile prices and no heating-oil price cap.

via BBC|
#business#energy-prices#heating-oil
Slack chats reveal Live Nation staff bragging about price gouging customers
business3 months ago

Slack chats reveal Live Nation staff bragging about price gouging customers

Newly released court documents show two Live Nation regional ticketing directors bragging about inflating ancillary fees and “robbing fans blind,” including $250 VIP parking, in private Slack messages that call fans “so stupid.” The exchanges surfaced amid the DOJ antitrust case, even as Live Nation says the remarks don’t reflect its values and notes it has capped amphitheater fees at 15% and invested in fan amenities.

via variety.com|
#antitrust#business#court-documents
Slack DMs Reveal Live Nation Execs Bragging About Overcharging Fans
business4 months ago

Slack DMs Reveal Live Nation Execs Bragging About Overcharging Fans

DOJ settlement with Live Nation leads to release of 2022 Slack direct messages in which two executives joke about overcharging fans and price-gouging for tickets and ancillary services; Live Nation says the chats don’t reflect company policy. The agreement imposes caps on service fees (15%), limits exclusivity to four years, divestitures at 13 venues, and a nearly $300 million payout to states, while some attorneys general push to continue the case.

via Pitchfork|
#business#doj-antitrust#live-nation
LA Gas Hits $8 a Gallon as California Braces for Higher Pump Prices
business4 months ago

LA Gas Hits $8 a Gallon as California Braces for Higher Pump Prices

A Los Angeles gas station charged about $8.21 per gallon amid sharply rising fuel costs in California, where statewide averages sit around $5.26/gal and national averages exceed $3/gal. The surge is driven by California’s taxes, environmental fees, a cleaner-burning gasoline blend, and limited refinery capacity, with lawmakers warning prices could reach $8/gal statewide by the end of 2026 if trends continue.

via SlashGear|
#business#california#gas-prices
Colorado eyes curb on price gouging with captive-audience and surveillance-pricing bills
politics5 months ago

Colorado eyes curb on price gouging with captive-audience and surveillance-pricing bills

Democrats in Colorado are pushing three bills to curb consumer costs: requiring delivery apps to display in-store prices, banning price hikes in captive-audience settings (stadiums, hospitals, airports) to match local averages, and prohibiting differential pricing by producers to favor large retailers, with enforcement by the attorney general. The measures face opposition from business groups and Republicans, and are expected to be introduced in the coming weeks as lawmakers seek to curb what they see as price manipulation in the market.

via coloradosun.com|
#captive-audience#colorado-legislature#politics