this post was submitted on 04 Jan 2024
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[–] [email protected] 11 points 10 months ago (1 children)

Yeah they jacked up prices and realized that while they may be losing customers, they're still making more money. They'd need to take a tangible financial hit to stop this shit.

This same basic math is going right now at every other company that decided to opportunistically price gouge us.

[–] [email protected] 1 points 10 months ago (2 children)

It's prima facie evidence of price fixing. Not that I expect it to ever be prosecuted, or even seriously investigated.

[–] [email protected] 1 points 10 months ago* (last edited 10 months ago)

I think maybe they make an example of a few companies but that the fines are considerably less than the windfall of cash the price gouging got them and the rest of the offenders out there (many of which I bet are even worse) will get off scot-free

[–] [email protected] 0 points 10 months ago (1 children)

Price fixing is when multiple companies collude to raise the price, companies charging more on their own is not price fixing.

[–] [email protected] 0 points 10 months ago (1 children)

Who says they're all doing it on their own?

[–] [email protected] -1 points 10 months ago (1 children)

Do you have any evidence of collusion?

[–] [email protected] 0 points 10 months ago (1 children)

The prices being kept in sync. Which I already said. There should be an investigation.

[–] [email protected] -1 points 10 months ago (1 children)

That's not evidence that they are working together, it's not even enough to start an investigation.

[–] [email protected] 1 points 10 months ago (1 children)

What do you think would be enough evidence to start an investigation?

[–] [email protected] -1 points 10 months ago

Hearsay that executives discusses setting prices, or that executives met or talked before the price hike.