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Amazon fined $1 million for misrepresenting savings to customers in Canada
Amazon fined $1 million for misrepresenting savings to customers in Canada
http://i.amz.mshcdn.com/AUz_6gqP4rzM...f87bf10bc7.jpghttp://a.amz.mshcdn.com/assets/feed-...50839a8e00.jpghttp://a.amz.mshcdn.com/assets/feed-...32c6f24ba1.jpg Amazon has agreed to pay a Canadian regulator $1 million to cap a two-year investigation into claims that the site misled customers about how much money they were saving. The case concerned a sales tactic in which Amazon compared its own price on a given item to a higher "list price" to suggest a bargain. SEE ALSO: Alibaba just launched its first major effort to ***** down on counterfeit goods But the probe by Canada's competition bureau found that those "list prices" came from Amazon's suppliers, and the e-commerce giant didn't bother to verify that they matched prevailing market rates. Amazon has already taken steps to ensure that market prices listed on its Canadian site are **w vetted, the group said. Read more... More about E Commerce, Amazon, and Businesshttp://feeds.feedburner.com/~r/Mashable/~4/Z8zMhRqGv-E |
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