this post was submitted on 07 Jun 2024
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I mean isn‘t what‘s described here also just basic supply/demand?
No, it's greed. They aren't hurting for supply, so there's no other reason to raise costs other than greed.
But the post says „they stopped buying and price goes down“ reduced demand makes price go down. I‘m not defending corpos or claiming that they‘re not greedy. I‘m just discussing what is stated in this post because it‘s a bad example of greed.
Yeah, lowering prices by itself isn't evidence that it was just greed all along, they conceivably could be lowering prices to the point that sales on those items are no longer profitable in order to shed inventory because some money (at a loss) is better than no money (at an even bigger loss)