Amazon scooped up data from its own sellers to launch competing products

Re:Amazon scooped up data from its own sellers to launch com... by yojo on Thursday April 23, 2020 @06:49PM (#22962472)

This is a common arbitrage tactic. Seller carries no inventory, lists multiple products on eBay for slightly higher than the Amazon price, and buys/ships from Amazon if anyone buys the eBay listing.

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Re:Amazon scooped up data from its own sellers to launch com... by ianmcgowan on Thursday April 23, 2020 @07:37PM (#22962907)

This happened to me, payed $110 for a ski jacket, get an amazon box and lookup the price on amazon - $80. I had to applaud the eBay seller for their hustle..

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Re:Amazon scooped up data from its own sellers to launch com... by Spooky23 on Thursday April 23, 2020 @09:27PM (#22963678)

It’s a money laundering thing too.

There was a story in my area a few years ago where people had some sort of scheme to convert Amazon gift cards into cash via EBay.

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Re:Amazon scooped up data from its own sellers to launch com... by eloff on Friday April 24, 2020 @12:58AM (#22964793)

I stumbled across an anonymous payment processor that accepts all kinds of shady business, like online casinos and escorts. They accept payment via gift cards to Amazon and elsewhere. Maybe this is how they convert that into cash. I was puzzled about how that would work.

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Re:Amazon scooped up data from its own sellers to launch com... by rK5Q58 on Friday April 24, 2020 @10:23AM (#22968218)

https://www.youtube.com/watch?v=2IT2oAzTcvU

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Re:Amazon scooped up data from its own sellers to launch com... by p1mrx on Thursday April 23, 2020 @09:51PM (#22963818)

This arbitrage is also good for the buyer, if they don't have an Amazon Prime account.

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