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109293   Booger   2020 Mar 14, 6:10pm  

Guy hoarders thousands of sanitizing products to price gouge over Corona panic, and now can't sell any of it.

https://www.nytimes.com/2020/03/14/technology/coronavirus-purell-wipes-amazon-sellers.html

On March 1, the day after the first coronavirus death in the United States was announced, brothers Matt and Noah Colvin set out in a silver S.U.V. to pick up some hand sanitizer. Driving around Chattanooga, Tenn., they hit a Dollar Tree, then a Walmart, a Staples and a Home Depot. At each store, they cleaned out the shelves.

Over the next three days, Noah Colvin took a 1,300-mile road trip across Tennessee and into Kentucky, filling a U-Haul truck with thousands of bottles of hand sanitizer and thousands of packs of antibacterial wipes, mostly from “little hole-in-the-wall dollar stores in the backwoods,” his brother said. “The major metro areas were cleaned out.”

Matt Colvin stayed home near Chattanooga, preparing for pallets of even more wipes and sanitizer he had ordered, and starting to list them on Amazon. Mr. Colvin said he had posted 300 bottles of hand sanitizer and immediately sold them all for between $8 and $70 each, multiples higher than what he had bought them for. To him, “it was crazy money.” To many others, it was profiteering from a pandemic.

The next day, Amazon pulled his items and thousands of other listings for sanitizer, wipes and face masks. The company suspended some of the sellers behind the listings and warned many others that if they kept running up prices, they’d lose their accounts. EBay soon followed with even stricter measures, prohibiting any U.S. sales of masks or sanitizer.

Now, while millions of people across the country search in vain for hand sanitizer to protect themselves from the spread of the coronavirus, Mr. Colvin is sitting on 17,700 bottles of the stuff with little idea where to sell them.

“It’s been a huge amount of whiplash,” he said. “From being in a situation where what I’ve got coming and going could potentially put my family in a really good place financially to ‘What the heck am I going to do with all of this?’”

Mr. Colvin is one of probably thousands of sellers who have amassed stockpiles of hand sanitizer and crucial respirator masks that many hospitals are now rationing, according to interviews with eight Amazon sellers and posts in private Facebook and Telegram groups from dozens more. Amazon said it had recently removed hundreds of thousands of listings and suspended thousands of sellers’ accounts for price gouging related to the coronavirus.

Amazon, eBay, Walmart and other online-commerce platforms are trying to stop their sellers from making excessive profits from a public health crisis. While the companies aimed to discourage people from hoarding such products and jacking up their prices, many sellers had already cleared out their local stores and started selling the goods online.

Now both the physical and digital shelves are nearly empty.

Mikeala Kozlowski, a nurse in Dudley, Mass., has been searching for hand sanitizer since before she gave birth to her first child, Nora, on March 5. When she searched stores, which were sold out, she skipped getting gas to avoid handling the pump. And when she checked Amazon, she couldn’t find it for less than $50.

“You’re being selfish, hoarding resources for your own personal gain,” she said of the sellers.

Sites like Amazon and eBay have given rise to a growing industry of independent sellers who snatch up discounted or hard-to-find items in stores to post online and sell around the world.

These sellers call it retail arbitrage, a 21st-century career that has adults buying up everything from limited-run cereals to Fingerling Monkeys, a once hot toy. The bargain hunters look for anything they can sell at a sharp markup. In recent weeks, they found perhaps their biggest opportunity: a pandemic.

As they watched the list of Amazon’s most popular searches crowd with terms like “Purell,” “N95 mask” and “Clorox wipes,” sellers said, they did what they had learned to do: Suck up supply and sell it for what the market would bear.

Initially, the strategy worked. For several weeks, prices soared for some of the top results to searches for sanitizer, masks and wipes on Amazon, according to a New York Times analysis of historical prices from Jungle Scout, which tracks data for Amazon sellers. The data shows that both Amazon and third-party sellers like Mr. Colvin increased their prices, which then mostly dropped when Amazon took action against price gouging this month.

At the high prices, people still bought the products en masse, and Amazon took a cut of roughly 15 percent and eBay roughly 10 percent, depending on the price and the seller.

Then the companies, pressured by growing criticism from regulators and customers, cracked down. After the measures last week, Amazon went further on Wednesday, restricting sales of any coronavirus-related products from certain sellers.

“Price gouging is a clear violation of our policies, unethical, and in some areas, illegal,” Amazon said in a statement. “In addition to terminating these third party accounts, we welcome the opportunity to work directly with states attorneys general to prosecute bad actors.”

Mr. Colvin, 36, a former Air Force technical sergeant, said he started selling on Amazon in 2015, developing it into a six-figure career by selling Nike shoes and pet toys, and by following trends.

In early February, as headlines announced the coronavirus’s spread in China, Mr. Colvin spotted a chance to capitalize. A nearby liquidation firm was selling 2,000 “pandemic packs,” leftovers from a defunct company. Each came with 50 face masks, four small bottles of hand sanitizer and a thermometer. The price was $5 a pack. Mr. Colvin haggled it to $3.50 and bought them all.

He quickly sold all 2,000 of the 50-packs of masks on eBay, pricing them from $40 to $50 each, and sometimes higher. He declined to disclose his profit on the record but said it was substantial.

The success stoked his appetite. When he saw the panicked public starting to pounce on sanitizer and wipes, he and his brother set out to stock up.

Elsewhere in the country, other Amazon sellers were doing the same.

Chris Anderson, an Amazon seller in central Pennsylvania, said he and a friend had driven around Ohio, buying about 10,000 masks from stores. He used coupons to buy packs of 10 for around $15 each and resold them for $40 to $50. After Amazon’s cut and other costs, he estimates, he made a $25,000 profit.

Mr. Anderson is now holding 500 packs of antibacterial wipes after Amazon blocked him from selling them for $19 each, up from $16 weeks earlier. He bought the packs for $3 each.

Eric, a truck driver from Ohio who spoke on the condition that his surname not be published because he feared Amazon would retaliate, said he had also collected about 10,000 masks at stores. He bought each 10-pack for about $20 and sold most for roughly $80 each, though some he priced at $125.

“Even at $125 a box, they were selling almost instantly,” he said. “It was mind-blowing as far as what you could charge.” He estimates he made $35,000 to $40,000 in profit.

Now he has 1,000 more masks on order, but he’s not sure what to do with them. He said Amazon had been vague about what constituted price gouging, scaring away sellers who don’t want to risk losing their ability to sell on its site.

To regulators and many others, the sellers are sitting on a stockpile of medical supplies during a pandemic. The attorney general’s offices in California, Washington and New York are all investigating price gouging related to the coronavirus. California’s price-gouging law bars sellers from increasing prices by more than 10 percent after officials declare an emergency. New York’s law prohibits sellers from charging an “unconscionably excessive price” during emergencies.

An official at the Washington attorney general’s office said the agency believed it could apply the state’s consumer-protection law to sue platforms or sellers, even if they aren’t in Washington, as long as they were trying to sell to Washington residents.

Tennessee, where Mr. Colvin lives, has a price-gouging law that bars people from charging “unreasonable prices for essential goods and services, including gasoline, in direct response to a disaster,” according to a state website. On Saturday, after the The Times published this article, the Tennessee attorney general’s office said it had sent investigators to Mr. Colvin’s home, given him a cease-and-desist letter and was now investigating his case.

Mr. Colvin said he was simply fixing “inefficiencies in the marketplace.” Some areas of the country need these products more than others, and he’s helping send the supply toward the demand.

“There’s a crushing overwhelming demand in certain cities right now,” he said. “The Dollar General in the middle of nowhere outside of Lexington, Ky., doesn’t have that.”

He thought about it more. “I honestly feel like it’s a public service,” he added. “I’m being paid for my public service.”

As for his stockpile, Mr. Colvin said he would now probably try to sell it locally. “If I can make a slight profit, that’s fine,” he said. “But I’m not looking to be in a situation where I make the front page of the news for being that guy who hoarded 20,000 bottles of sanitizer that I’m selling for 20 times what they cost me.”
109294   Booger   2020 Mar 14, 6:13pm  

109295   Booger   2020 Mar 14, 6:27pm  

109296   Patrick   2020 Mar 14, 9:02pm  

Especially since hand sanitizer does not work as well as soap and water against this virus.
109297   komputodo   2020 Mar 14, 9:03pm  

If she ran on the dem ticket and flopped her goods regularly, she might have a shot...She'd get the incel and the bull dike vote.
109298   marcus   2020 Mar 14, 9:37pm  

:
Wouldn't be so obnoxious if you didn't know he was right.

TrumpingTits says
Answer the fucking questions.


The question to jazz was "what's your excuse."

Remember Iwog ? Bellingham Bill ? Vicente ? Nomograph ? Ellie May ? and so many others that have left ?

They didn't leave Patrick.net becasue of the commie globohomos were getting to annoying.
109299   rocketjoe79   2020 Mar 14, 11:43pm  

OccasionalCortex says
https://www.washingtontimes.com/news/2020/mar/12/what-the-mainstream-media-isnt-telling-you-about-t/



I had a feeling this was going to happen - conservatives just plan to vote and get it done. Now they're pissed because of the Shampeachment, and we're showing up in huge numbers to vote. The dems riled up the rural folk and they're coming outta the woodwork. Trump won 80% of all USA counties last time. If he gets even a portion of the city vote from all the minorities he has made jobs for, it's gonna be really tough going for the dems. Heck, he didn't even bother campaigning in California last time.

But it's ok, because four years after the next election, we'll finally get our first woman as president: Ivanka Trump.
109300   SoTex   2020 Mar 14, 11:52pm  

It's essentially an oil droplet. Hit it with a surfactant.
109301   MisdemeanorRebel   2020 Mar 15, 4:07am  

The Dems, esp. in Pennsylvania, jerrymandered a bunch of suburban areas to include urban parts.

In normal times, they would guarantee a solid 5%+ majority in as many districts as possible.

Problem is, minority voters can swing these districts simply by not voting. If they think Trump has done okay, and they're not into Hillary-Biden, they stay home and swing the election.

When your lazy Aunt Taniqua with her DMV Job demands you vote Democrat, but you're jazzed to be a contractor setting up cable boxes for $16/hr instead of general labor at $10/hr part time under Obama, you're just gonna tell her you went and voted Hillary-Biden.

With the Bernie Bros staying home in droves and many Independents that lean D from Rustbelts loving Trump...
109303   Tenpoundbass   2020 Mar 15, 7:12am  

Booger says
On March 1, the day after the first coronavirus death in the United States was announced, brothers Matt and Noah Colvin set out in a silver S.U.V. to pick up some hand sanitizer. Driving around Chattanooga, Tenn., they hit a Dollar Tree, then a Walmart, a Staples and a Home Depot. At each store, they cleaned out the shelves.


I fucking hate people like him, he gives Capitalism a bad name. While I don't believe the Government should prosecute him, as they have not been wronged. But I do believe he committed a crime against the hand sanitizer companies, and the companies he bought all stock up from. He harmed their business.
See Capitalism can have rules that protects dishonest schemes and practices, without Government picking winners and losers.
The Crime should be against all entities involved not a Government regulation.
Amazon is not the victim here, and they should be sued by him. Even if all of the stores and Sanitizer brands file criminal charges against him.
109304   Tenpoundbass   2020 Mar 15, 7:16am  

They should make it a crime to resale retail merchandise, as a stocked item. Not to say you shouldn't be able to sell the ugly pair of Nike shoes your granny got you for Christmas.
But you can't go to every shoe store in the state and buy up all of the ugly ass Nike shoes just to sell on Amazon for a mark up.

Let's make that a law, then the concert ticket price and availability problem will go away with zero effort.

New Rules you can only sell (as a business) merchandise you obtained through wholesale channels as a licensed reseller.
109306   MAGA   2020 Mar 15, 7:37am  

Has he been hanging around Realtors?
109307   NDrLoR   2020 Mar 15, 7:42am  

I called my doctor's nurse Friday, no cases here thus far, everyone in full blown hysteria. Library shut down for rest of March, Spring at the Silos cancelled after all the food vendors set up.
109309   Bd6r   2020 Mar 15, 7:57am  

jazz_music says
Who’s paying for $1.5 trillion fed liquidity injection into the stock market and what does that even mean?

Probably everyone pays but top 0.00001 percent benefits. Same as Obama and Bush bailouts. Socialism for rich, capitalism for middle class, and by rich I mean someone who earns billions. No difference between savior Obama and Orangemanbad.
109311   marcus   2020 Mar 15, 8:11am  

rd6B says
No difference


The stock market was down to the 2018 lows this time. That's a little different than we were looking at in early 2009. What ? Bear markets are outlawed now ?
109312   FortwayeAsFuckJoeBiden   2020 Mar 15, 8:44am  

Because libbies fucks can’t think of anything. Their only thoughts are about Trump, classic definition of TDS
109313   Bd6r   2020 Mar 15, 8:47am  

marcus says
The stock market was down to the 2018 lows this time. That's a little different than we were looking at in early 2009. What ? Bear markets are outlawed now ?

Incompetent bankers bailed out in 2008-9 is what causes most current problems. They should have gone broke and JUMPED from fucking 20th floors of their banks!
BTW does not matter if you bail out rich incompetents at DOW 8000 or 28000. Result is the same, transfer of money from poor to rich.
109314   Onvacation   2020 Mar 15, 8:50am  

jazz_music says
I’m not the subject here. Marcus is not the subject here.

The topic is TDS.
109315   marcus   2020 Mar 15, 9:08am  

:
109316   WookieMan   2020 Mar 15, 9:11am  

This virus can't be stopped any more than we can stop the flu virus. 100,000 or 10,000,000 government employees in some Pandemic office ain't gonna do shit.

I'm guilty of this myself, but I love how everyone is arm chair quarterbacking the response to this. Trump has failed, but for different reasons. When he doesn't take responsibility, who cares, why should he? It's not like he ordered a missile strike on a country and created WWIII. It's a fucking virus. Not ONE person knows the best response to it. It's all guessing until we get more data, aka more people get sick. To think otherwise is pure stupidity.

This virus would have happened no matter what. And these things will keep happening when we have 8B people and 1B+ in one country that for the most part is regarded as 3rd world. I don't even understand how the fuck this is being politicized. It's like being pissed that the wind is blowing out of the east. You can't control it for fucks sake.
109317   FortwayeAsFuckJoeBiden   2020 Mar 15, 9:15am  

Serious TDS here. Some people can’t be helped, too brainwashed by stasi machine at CNN.
109321   marcus   2020 Mar 15, 9:33am  

WookieMan says
government employees in some Pandemic office ain't gonna do shit


It may be true that with Trump at the helm they wouldn't be able to do shit. But with a competant President at the helm and the Pandemic team in place, things would probably have unfolded much much differently.

We could have let less in to the country and if need be we could have slowed it down sooner. I believe the actions taken now are correct, which are designed to slow it down enough (not necessarily lower the total numbers that much) so that our health care system doesn't find itself doing triage like they are in Italy.

We could have planned like Hong Kong and others starting back at the end of the year after seeing what was happening in China, and then a competant (and adult) President would have listened to the advice his team more than the ramblings of cognitively challenged conspiracy theorists. Or if not that well, at least better than what we ended up doing.

In the end, Trump did wake up - meaning that it is still sometimes possible for the competant people can get through to him.

WookieMan says
This virus would have happened no matter what


That's clearly false considering how some countries responded so much more quickly and so much better than others. Some countries - especially if closer to China, saw what happened, and realized that China's dramatic shut down of 16 million people gave them time to react and plan.

See this: https://patrick.net/post/1330784?0#comment-1653806
109323   Shaman   2020 Mar 15, 9:37am  

jazz_music says
Who’s paying for $1.5 trillion fed liquidity injection into the stock market and what does that even mean?


IMHO it’s a solid investment by the central bank. They’ll make 25% or more in a few months, in addition to helping put a floor under the crash. Solid move! The only losers are the people who aren’t all in on the way back up!
109325   mell   2020 Mar 15, 9:45am  

Nobody failed, containment is already working. We'll reach the peak within March or April.Trump and Mnuchin are doing the right things.
109327   WookieMan   2020 Mar 15, 10:38am  

jazz_music says
VINCENT says
So what is your excuse? You have Marcus
I’m not the subject here. Marcus is not the subject here.

You could start a different thread instead of disrupting.

Jazz, you gotta stop with this line of thought. You started a thread. People are going to interact with you. You're almost acknowledging that you're trolling at this point. You're the OP and by putting it out there, you by default are endorsing it. Don't expect everyone to agree with you.

I have no interest in the topic you posted, so not going to comment on it. And I know we're not to talk about other users, but you and Tim A. have this issue with posting something that you likely believe and people countering your belief gets your blood pressure raised. What did you think the reaction would be? Everyone would 100% agree?

I don't get your guys' (or gals) end goal when someone brings up an argument or counter to a thread you started. It is about you because you posted it. Own it.
109328   FortwayeAsFuckJoeBiden   2020 Mar 15, 10:47am  

Jazz seeking investment into Democratic leftist speech codes and gun confiscation party. No thanks Jazz, your shitty party isn’t getting my money.
109329   HeadSet   2020 Mar 15, 11:15am  

The Dems, esp. in Pennsylvania, jerrymandered a bunch of suburban areas to include urban parts.

Virginia did that, too. Added a slice of inner city to a suburban district, then claimed the suburban district "flipped."
109330   Ceffer   2020 Mar 15, 11:26am  

Give them a little North Sea oil wealth, and they become all snotty and judgmental. Maybe we should buy Norway along with Greenland.
109331   HeadSet   2020 Mar 15, 11:38am  

Trump's Coronavirus Test Came Back Positive: FOR AIDS!

You are slipping. If you were on you game, you would have said "Positive for Estrogen."
109332   HeadSet   2020 Mar 15, 11:42am  

The reason religions exist is that their adherents have managed to exist. They found a formula for survival. Not that they should be blindly followed in all details, but they should not be dismissed as "mere superstition" either.

Yes, the learned people near the king may have known the "why" of sanitation and monogamy, but would have difficulty explaining such to the illiterate and innumerate masses. Much easier to have a religion and give the reason for compliance as "God said so."

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