#pricefixing — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #pricefixing, aggregated by home.social.
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South Korea's Fair Trade Commission raids LG Chem, Hanwha Solutions, OCI, and Aekyung Chemical over suspected price-fixing collusion in PVC and plasticizer markets following Middle East conflict, as antitrust regulator investigates potential coordinated price increases among major petrochemical manufacturers.
#YonhapInfomax #FairTradeCommission #LGChem #PriceFixing #PVC #Plasticizers #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=120533 -
South Korea's Fair Trade Commission raids LG Chem, Hanwha Solutions, OCI, and Aekyung Chemical over suspected price-fixing collusion in PVC and plasticizer markets following Middle East conflict, as antitrust regulator investigates potential coordinated price increases among major petrochemical manufacturers.
#YonhapInfomax #FairTradeCommission #LGChem #PriceFixing #PVC #Plasticizers #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=120533 -
South Korea's Fair Trade Commission raids LG Chem, Hanwha Solutions, OCI, and Aekyung Chemical over suspected price-fixing collusion in PVC and plasticizer markets following Middle East conflict, as antitrust regulator investigates potential coordinated price increases among major petrochemical manufacturers.
#YonhapInfomax #FairTradeCommission #LGChem #PriceFixing #PVC #Plasticizers #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=120533 -
...“The evidence uncovered today is clear as day: Amazon is working to make your life more unaffordable,” Bonta said in a statement. “The company is price fixing, colluding with vendors and other retailers to raise costs for Americans beyond what the market requires – beyond what is fair.”...
If they do it there...
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🎭 Oh, the drama! The California AG swoops in with "unsealed records" (very Hollywood), revealing Amazon's price-fixing antics—because apparently, dominating global e-commerce wasn't enough of a plot twist. 📈 Meanwhile, The Guardian provides an endless menu of news, like a buffet with no food. 🍽️
https://www.theguardian.com/us-news/ng-interactive/2026/apr/16/amazon-price-fixing-california-lawsuit #CaliforniaAG #Amazon #PriceFixing #ECommerce #TheGuardian #NewsDrama #HackerNews #ngated -
New unsealed records reveal Amazon's price-fixing tactics, California AG claims
#HackerNews #Amazon #PriceFixing #CaliforniaAG #Lawsuit #UnsealedRecords #Antitrust
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Newly unsealed records reveal Amazon’s price-fixing tactics, California attorney general claims | Amazon | The Guardian
https://www.theguardian.com/us-news/ng-interactive/2026/apr/16/amazon-price-fixing-california-lawsuit"Exclusive: A trove of previously redacted documents was filed as part of the tech giant’s anti-trust battle with the state of California. Amazon denies it engages in price-fixing"
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How Walmart And Pepsico Rigged Prices And Supercharged Food Inflation
https://www.forbes.com/sites/errolschweizer/2025/12/18/how-walmart-and-pepsico-rigged-prices-and-supercharged-food-inflation/#inflation #groceries #foodprices #pricefixing #ftc #monopoly #walmart #pepsico #fritolay
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From a small Guardian update this morning:
"A highly anticipated federal court battle between the competition regulator and supermarket giant Coles begins today, testing allegations the retailer offered “illusory” discounts on hundreds of everyday products.
The Australian Competition and Consumer Commission (ACCC) is seeking large penalties and community service orders against Coles, which, along with Woolworths, controls two-thirds of the Australian grocery market.
A similar case against Woolworths is expected to be heard at a later date.
The 10-day hearing in Melbourne will scrutinise pricing practices involving hundreds of products, from instant coffee to chocolate biscuits, over an extended period.
The regulator alleges that Coles temporarily inflated prices before marking the items as discounted under promotions like “Down Down,” in a practice known as “was/is” pricing.
Coles is defending the claims, arguing pricing was a response to increased costs from suppliers.
The case starts during a period of reigniting inflation, with groceries and other household costs rising strongly again."
#Coles #Shopping #News #Consumers #ACCC #PriceFixing #Corruption #Law #Supermarkets #Australia
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5/ A US federal district judge just dismissed the #antitrust case against six academic #publishers (Jan 30, 2026).
https://fingfx.thomsonreuters.com/gfx/legaldocs/myvmqlljdvr/24-cv-06409-HG%20Uddin%20v.%20Elsevier%20B.V.%20et%20al.pdfArticle about the dismissal:
https://www.reuters.com/legal/government/academic-publishers-defeat-lawsuit-over-peer-review-pay-other-restrictions-2026-01-30/"The four scholars, scientists and professors who filed the lawsuit in 2024 had not shown sufficient evidence of a conspiracy involving publishers Elsevier, John Wiley & Sons, Sage Publications, Springer Nature, Taylor & Francis and Wolters Kluwer."
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#GoogleDominance: "Then there’s its deal with Apple, which is virtually identical to what #JudgeMehta found to be the original #Apple-#Google arrangement enabling the illegal #monopolization of the #searchmarket.
Mehta’s failure to impose a remedy was permission for Google to repeat this scheme with generative AI. And now it has. This deal will ensure that Google’s artificial intelligence chatbot product will become dominant in the most important mobile ecosystem in the world. And its experience structuring #adtech markets suggest that if it mediates the entire economy, many tradition businesses will wind up like newspapers, eliminated as Google appropriates profit margins for itself and destroys the ability of consumers to differentiate products based on quality, #innovation or other values. It could be an extinction level event for many commercial areas, like the death of the #openweb, and a dramatic narrowing of consumer choice."
#AISearch #PriceFixing #Antitrust
https://www.thebignewsletter.com/p/will-google-organize-the-worlds-prices
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"The adtech problems drew a monopolization case, and Google lost that one too. And though the remedy is still to come, few think Google will be fundamentally restructured.
And that’s a tragedy, because the shift to AI is perhaps more significant than the shift to mobile. As with the early search market, there are several companies offering foundational AI services, like OpenAI, Microsoft, Perplexity, Anthropic, DeepSeek, and so forth. The two key resources determining which model wins are, same as search before, data and distribution.
Google, as you’d expect, is repeating its search monopolization playbook with Gemini. It is self-preferencing Gemini across its lines of business, which is what it did with Android and search. It is cutting deals to insert Gemini into every major retail channel, which is analogous to its payments to phone makers to thwart rival search engines. Then there’s its deal with Apple, which is virtually identical to what Judge Mehta found to be the original Apple-Google arrangement enabling the illegal monopolization of the search market.
Mehta’s failure to impose a remedy was permission for Google to repeat this scheme with generative AI. And now it has. This deal will ensure that Google’s artificial intelligence chatbot product will become dominant in the most important mobile ecosystem in the world. And its experience structuring adtech markets suggest that if it mediates the entire economy, many tradition businesses will wind up like newspapers, eliminated as Google appropriates profit margins for itself and destroys the ability of consumers to differentiate products based on quality, innovation or other values. It could be an extinction level event for many commercial areas, like the death of the open web, and a dramatic narrowing of consumer choice."
https://www.thebignewsletter.com/p/will-google-organize-the-worlds-prices
#Google #AI #LLMs #AISearch #PriceFixing #Monopolies #Oligopolies #Competition #Antitrust
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Exclusive: FTC probes Instacart's AI pricing tool, source says; shares drop | Reuters
#SurveillancePricing #Collusion #PriceFixing #Regulation #AI
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(25 Nov) Landlords’ go-to tool to set rent prices to be gutted under RealPage settlement RealPage agrees to settle suit over DOJ claims software raised rents across the US. https://s.faithcollapsing.com/zebzl #antitrust-law #policy #price-fixing #realpage
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NC Newsline: North Carolina settles with Greystar in AI rent-fixing lawsuit. “A group of nine attorneys general, including North Carolina’s AG Jeff Jackson, said Thursday they had reached a settlement with the rental company Greystar. The group sued the company and several other property management firms earlier this year, alleging illegal rent fixing through the use of AI tools.”
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Chicago Sun-Times: Nation’s largest landlord, Greystar, settles price-fixing suit with feds . “In the settlement with Greystar, which still needs approval from a federal judge, Justice Department attorneys said the use of RealPage by Greystar was modern-day price fixing. They did not estimate the impact on renters, but one legal filing noted an apartment complex boasted of using RealPage […]
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15 #hotels in #Tokyo investigated by #FTC over possible #pricefixing
🤦♂️"meeting monthly to ex🔺️ info incl #occupancy, ave room fees charged & project'ns re'g future #pricing 🔺️s. Ref'd by hotels as "front reservation meetings” e practice had been going for #decades.. consists of Imperial, New Otani, Okura, Hyatt Regency, Metropolitan, Keio Plaza, Cerulean Twr Tokyu, Chinzanzo, Asakusa View, Palace, Royal Park, Dai Ichi, Prince Park Twr, Grand Nikko Daiba & Sheraton Miyako"
https://soranews24.com/2025/04/19/15-famous-hotels-in-tokyo-investigated-by-fair-trade-commission-over-possible-price-fixing/ -
#Trump #Administration Retreats From White-Collar #Criminal Enforcement🤦♂️
"incl'g cases involving foreign #bribery, public #corruption, money #laundering & #crypto mkts.. effectively redefining what biz conduct constitutes a #crime.. Bondi & oth snr officials clean house at #Justice Department, swapping out & sidelining career supervisors who were responsible for charging crimes such as corruption, #pricefixing & #securities #fraud"🧐
https://www.msn.com/en-us/money/companies/trump-administration-retreats-from-white-collar-criminal-enforcement/ar-AA1CR4fd -
Real Page, the rental #pricefixing software, sues the City of Berkeley claiming the company's First Amendment rights were violated by the city banning landlord use of the software. https://www.siliconvalley.com/2025/04/02/realpage-rent-algorithm-berkeley-lawsuit/
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Real Page, the rental #pricefixing software, sues the City of Berkeley claiming the company's First Amendment rights were violated by the city banning landlord use of the software. https://www.siliconvalley.com/2025/04/02/realpage-rent-algorithm-berkeley-lawsuit/
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"This is just #pricefixing, with an app. The fact that they don't sit around a table and openly discuss pricing doesn't keep this from being price-fixing.
What's more, they admit it. A director at McCain said that "higher ups" forbade anyone in the company from competing on price…they'd "never seen margins this high in the history of the potato industry." Lamb Weston's CEO attributed a 111% increase in net income to "pricing actions.""https://pluralistic.net/2025/01/25/potatotrac/#carbo-loading
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"These companies have been hiking prices for years, but really started to turn the screws during the post-covid inflationary period. One of Schwenk's sources is Josh Saltzman, owner of the DC sports bar Ivy and Coney. Ten years ago, Saltzman charged $3 for fries; now it's $6 – and Saltzman's margins have declined. Saltzman has a limited number of suppliers, and they all get their potatoes from Big Potato, and they bundle those potato orders with their other supplies, making it effectively impossible for Saltzman to buy his potatoes from anyone else.
Big Potato controls 97% of the frozen potato market, and any sector that large and concentrated is going to be pretty cozy. The execs at these companies all meet at industry associations, lobbying bodies, and as they job-hop between companies in the cartel. But they don't have to rely on personal connections to rig the price of potatoes: they do it through a third-party data-broker called Potatotrac. Each cartel member sends all their commercially sensitive data – supply costs, pricing, sales figures – to Potatotrac, and then Potatotrac uses that data to give "advice" to the cartel members about "optimal pricing."
This is just price-fixing, with an app. The fact that they don't sit around a table and openly discuss pricing doesn't keep this from being price-fixing. What's more, they admit it. A director at McCain said that "higher ups" forbade anyone in the company from competing on price. A Lamb Weston exec described the arrangement as everyone "behaving themselves," chortling that they'd "never seen margins this high in the history of the potato industry." Lamb Weston's CEO attributed a 111% increase in net income to "pricing actions.""
https://pluralistic.net/2025/01/25/potatotrac/#carbo-loading
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Why the Justice Department is suing a software company to stop landlords colluding on rents https://theconversation.com/robo-price-fixing-why-the-justice-department-is-suing-a-software-company-to-stop-landlords-colluding-on-rents-239811
The Justice Department accused the company of selling software to landlords that collects nonpublic information from competing landlords and uses that combined information to make pricing recommendations.
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Alleged 'potato cartel' accused of conspiring to raise price of frozen fries, tater tots across U.S.
https://www.cbc.ca/news/world/potato-cartel-fries-tater-tots-hash-browns-1.7387960
#pricefixing #ConsumerPrices #greedflation #inflation #groceries #foodprices #groceryprices #grocerycosts #foodcosts #economy #economics -
1/ From the law firm bringing the #antitrust lawsuit against six academic #publishers.
https://www.lieffcabraser.com/antitrust/academic-journals/The suit alleges three #anticompetitive practices:
1. agreeing to "fix the price…at zero" for the #labor of authors and peer reviewers;
2. agreeing not to compete for manuscripts, forcing authors to submit to one journal at a time;
3. agreeing to prohibit authors from sharing their work while under peer review, "a process that often takes over a year".🧵
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#Democrats #Urge #President #JoeBiden To Investigate #GroceryStore #PriceFixing.
— They need to investigate the entire food industry, not just the grocery stores.
#Women #Transgender #LGBTQ #LGBTQIA #DemocraticParty #Allies #Business #Capitalism #Greed #PriceGouging
https://time.com/6977026/democrats-biden-executive-authority-grocery-prices/
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National Rent Control? It’s Closer Than You Think.
https://www.youtube.com/watch?v=BlF6a0JLsYc&ab_channel=MorePerfectUnion
A historic wave of tenant organizing is on the verge of winning renter protections that would be attached to federal loans—affecting 1 in 4 apartments. But Greystar, Blackstone, and AvalonBay are spending millions to block it.
They're a part of a coalition of massive landlords, baks, and investors who are pooling resources to block rent control and renter protection policies.
One of the biggest landlord industry lobbying groups is called the National Multifamily Housing Council. That group has spent almost $10 million lobbying against rent control.
Despite this opposition, we're seeing one of the largest upticks in tenant organizing since the 1970s, as renters across the country face worsening housing crisis. Groups like KC Tenants are at the forefront of this movement, fighting to stop unfair rent hikes and corporate slumlords..#pricegouging #pricefixing #abusiverent #slumlords #economicassault #tenantorganizing #renterprotection #rentcontrol #rent
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Uncovering the Dark Meat Behind Tyson
#essay #iilluminaughtii #labor #tysonfoods #food #chicken #badcompanies #badbusiness #foodprocessing #worksafety #worksafety #childlabor #foodsafety #safetyviolations #stockbuybacks #covid19 #exploitation #trump #pricefixing #pricegouging #factoryfarming #pollution #waterpollution
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@anubis2814
That proposal is effectively #trickleDownEconomics mixed with #priceFixing, it hasn't worked for 51 years. It entrenches #neoFeudalism via the #cantillonEffect.Bitcoin is the hardest money ever discovered and hashing is a solemn duty to secure it from adversaries and saving our planet from #overConsumption. The militaryIndustrialComplex (#MICIMATT) is the ponzi literally burning the planet.