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#pricegouging

2 posts2 participants0 posts today

Guardian: Cal-Maine’s profits more than tripled compared with the same quarter last year – and are nearly eight times as high as at the start of the bird flu outbreak in February 2022, according to financial results published on Tuesday. The company, which produces 20% of the eggs eaten in the US, made $1bn in windfall income in the first three-quarters of the financial year – the profits extracted after accounting for production, processing and transport costs.

On Tuesday, Cal-Maine said that its sales almost doubled to $1.42bn in the fiscal third quarter, which ended on 1 March, primarily down to raising egg prices, which has hurt consumers who rely on the once affordable protein source. But the company’s shares then fell by more than 4% after acknowledging that it was being investigated by the justice department’s anti-trust division. Mississippi-based Cal-Maine said it received notice of the investigation into egg price increases last month and that it was cooperating with the investigation.

Congressman just ripped into Trump trade rep in House hearing

youtube.com/watch?v=jgL5QgIk8d

Trump's Trade Rep appeared to learn about the 90-day tariff pause in the middle of a House hearing. Rep. Steven Horsford grilled him immediately:

"Is this market manipulation? Who benefits? What billionaire benefits from this?“

By VOTING for DEMOCRATS We Make OUR LIVES BETTER!

Democratic lawmakers across four states have introduced bills this year to stop what’s been dubbed “surveillance pricing” — the term for when a business charges customers different prices for the same product depending on their personal information. #economy #Democrats #pricegouging

washingtonpost.com/politics/20

The Washington Post · Analysis | States eye bans on ‘surveillance pricing’ that exploits personal dataDemocratic lawmakers in California are latest to try outlawing personalized pricing amid a nationwide push by consumer protection advocates.

@GossiTheDog pretty shure #Apple's #Greedflation will not result in their #iPhone|s and other products to be sold #cheaper in the #EU, but instead they'll do #PriceGouging even harder!

  • And because #Fanboys are just beyond help, they still gonna buy that shite regardless!

Or does anyone expect Apple to stop #overcharging for their #AntiRepairDesign|ed products???

  • Hell no, Tim Cook wants to buy himself the dozenth house just from bonuses!!!
Continued thread

I went to Lucky's to check out their pricing. There's this odd phenomenon where they sometimes come close to matching Safeway's pricing.

Collusion?

A 20 fl oz Mountain Dew is $3.29 there, but if you buy 2, you get them for $2.25 each, which is probably close to the REAL pricing for the product.

At least their 2 litter is more expensive at $3.99 (which seems high!), but is $2.50 if you buy 2.

What's with the multiple/combo buys?!

It amazes me 7-Eleven is STILL cheaper if you simply buy a single bottle.

By the way, the Lucky's checker reminded me that you need to use the mobile app to achieve additional savings. Shades of Safeway.

Basically you have to jump through hoops for savings.

I'm going to need to perform a Target run to see what they're charging. I'm beginning to wonder if I need to shop there more often.

I'm also wondering if prices are creeping up in groceries in general.

I noticed something when I was at the store yesterday to pick up one item. I thought about picking up a 20 fl oz Mountain Dew as well, which Safeway is selling for $3.49. What?!

If you buy a 2 liter bottle, a larger size of Mountain Drew at Safeway, it's $3.29, or .20 cheaper. How is that possible?

If you buy a 20 fl oz Mountain Dew at 7-Eleven, typically the most expensive way to buy anything, it's $2.69

Safeway is price gouging.

You could shop at 7-Eleven and save money 🤔

I've said this before, don't buy beverages of any kind at Safeway.

Like sociopaths testing the boundaries of society (sound familiar?), #streaming services keep raising rates to see how far they can stretch consumers, and they’re doing it again. We’re starting to get tired of this, and considering dropping a few. #capitalism #pricegouging www.theverge.com/23901586/…

The Verge · Streaming services keep getting more expensive: all the latest price increasesBy Verge Staff