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Commentary on The Capital Markets- Category [Company Specific]

Oh what have I often said....

"That we would be sitting around watching holograms and Netflix would be an "old" invention. When it first came out it had decent movies on it. Now it has movies that I didn’t know existed and movies that just aren’t that interesting to me. They really lowered the quality so of course that meant Hulu was my backup. 

smiley

Psst.... don't look at their free cash flow; into deteriorating user perception that could be real trouble...

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2017-07-25 10:43 by Karl Denninger
in Company Specific , 478 references
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It is illegal under FTC regulations to display a "suggested retail price" that never, in fact, was a price you sold at, or which exceeds the actual "suggested retail price" the manufacturer provides.

Not only is this illegal at a federal level it is a rank violation of state consumer protection statutes, which bar deceptive practices.

Now it appears Amazon got caught doing exactly that on "Prime Day", and screwed you in the ass if you bought products during their so-called "annual sale":

Jason Jacobs, founder of Remodeez, a small company that specializes in non-toxic foot deodorizers and other odor stoppers, says he had an agreement with Amazon since 2015 on a suggested retail price of $9.99 for his products and was shocked after the tech giant almost doubled that on Prime Day to make it look like people were getting a discount, when they were actually paying full price.

“They showed the product at $15.42 and then exed it out to put ‘$9.99 for Amazon Prime Day.’ And on the final day, the price was like $18.44. So, we put a support ticket in right away and I rallied some friends through social media to go to their complaint board and complain,” Jacobs tells FOX Business.

There was no "deal" offered at all and in fact it is alleged Amazon showed an entirely fraudulent "suggested retail price."

This sort of practice should land Bezos in prison folks.  It's impossible to know exactly how many times Amazon has done this, of course, but that they did it even once is proof that they will do it.

Remember that retailers are free to set whatever prices they wish, including "surge" pricing, which Amazon has been caught using in the past -- while representing that it is the "best" price.

But this is an entirely different matter.  Suggested retail prices are not Amazon's to determine; they are the property of the vendor and to misrepresent those is a flat-out fraudulent (and illegally so) practice.

“I don’t think they are being malicious about it, it is just something that they need to tweak," he says.

Oh really?  Considering that Amazon gets a piece of every sale how do they get more of a piece?

Jack the price.

I didn't buy a thing during so-called "Prime Day" as I saw it for what it was: Get screwed by Bezos day.  I dumped my Prime sub some time ago, and it will expire never to be paid for again -- I've seen far too many so-called "deals" that really aren't and given that there is utterly no value at all to the $100/year cost.

If you believe this is not the case read this from the comments below:

My desktop PC in my office, my wife's desktop PC in her office, and a phone which for some reason doesn't have any info on it linking it to us, list three different Amazon prices for some items. The lowest price is displayed on my PC, which has a lot of ID info about me. I have **** credit, no money, no Prime membership, etc., so it's like Amazon KNOWS it can only get my biz with the lowest prices (usually a dollar or three under Newegg and other suppliers from which I buy)

Go ahead folks, get ripped off and especially if you buy a so-called "Prime" membership.

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2017-07-20 15:38 by Karl Denninger
in Company Specific , 239 references
[Comments enabled]  

How do you stop Zuckerpig's privacy invasions?

Boycott anyone who advertises on those sites -- do not buy and do not do business with in any other way.  How do you know they're advertising?  You see "Sponsored" or any sort of video ad from a given entity.

This post is exempt and will never go away.  I will add to it as I see new companies, and if you do and can confirm it to me I'll add them.  Here's my pledge: If I see an ad from your firm on any of Zuckerpig's properties or sufficient confirmation (e.g. seeing such an ad on someone else's device in the app) I will never buy anything from you.

You choose -- you advertise and pay that company to do so, you lose my business.  To get it back you must permanently pledge to never again advertise on any Facebook-owned property, in public, via a formal press release or other similarly-verifiable and public method.

Oh and you get one second chance, never more.

Advertising is legal.  So is refusing to do business with you because you are the primary and in fact nearly the sole source of funds for a company that does things I consider detestable.

So here is the start of it folks, and yes, it will grow.... check back often!

  • Best Buy (Oh well; I've bought plenty there)
  • REI (this one hurts; I like them.... but no more!)
  • Big Green Egg (Sorry *******s, I was interested but NOT NOW!)
  • Southwest Airlines (all airlines SUCK, but now these ****ers are on my blackball list)
  • Consumer Reports
  • Inked Magazine
  • Runner's World (oh well!)
  • 30A clothing company (oops -- that one's local)
  • The Heritage Foundation (oops again!)
  • Huffington Post (no loss there)
  • A&E TV
  • We Are The Mighty (Military-oriented news org)
  • Orbitz
  • LinkedIN (be a paying customer and you're blackballed - as employer or employee!)
  • iHeartDogs.Com
  • Pensacola Runners Association (ouch; they sponsor races I'd run in...)
  • National Geographic (oh well)
  • CNet (Bleh)
  • 22 Words (Clickbait garbage, but heh)
  • Theclymb.com
  • Active.com (oops again; and I have bought quite a lot from gearup...)
  • 12 Tomatoes
  • The Penny Hoarder (yeah, another clickbait garbage site, but..)
  • SoWal (oops -- bye-bye Walton County beach businesses..)
  • Innermost House (San Fran Non-profit... good for some west coasters)
  • NTD Television
  • The New York Times (shock - NOT!)
  • Conservative Tribune (news)
  • Netgear (Router/ipCam/etc manufacturer)
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