Amazon has pulled 530,000 products from its store and is working with state attorneys general to crack down on price gouging amid coronavirus fears (AMZN)

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• Amazon told lawmakers in a letter Friday that it's working with state AGs to track down third-party sellers  taking advantage of customers concerned about the coronavirus.
• On Wednesday, Sen. Edward Markey called on the online retail giant to tackle price gouging on its site as prices soar for high-demand items like face masks and hand sanitizer.
• Amazon said it has taken down 530,000 products from its site over price gouging concerns and suspended more than 2,500 seller accounts in the US alone.
• The company has also removed millions of listings for making false claims about protecting against COVID-19.
• Visit Business Insider's homepage for more stories.

Amazon is working with state attorneys general to help them identify and prosecute third-party sellers for taking advantage of customers' fears surrounding the coronavirus outbreak, the company announced Friday.

In a letter to U.S. Senator Edward Markey, Amazon said it has removed more than 530,000 products over price-gouging concerns and suspended 2,500 seller accounts in the US alone in addition to removing "millions" of products that make unsupported claims about their ability to fight coronavirus. The company also said it is helping several state attorneys general prosecute the worst offenders.

See the rest of the story at Business Insider

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