Amazon UK Glitch Prices Items At A Penny, Costing Businesses
Smartphones, TVs and mattresses were offered for a penny each on Amazon's UK site. The glitch lasted for an hour Friday.By Jamal Andress | December 15, 2014
Tech giant Amazon is facing major criticism from small businesses all over the U.K. after a technical glitch Friday gave Amazon customers an early Christmas gift.
Smartphones, TVs, mattresses — all being offered for a penny on Amazon's U.K. site. The unintended "megasale" lasted for about an hour Friday from 7 to 8 p.m. Customers bought thousands of dollars worth of items from small businesses selling through the site, costing many most, if not all, of what would have been their holiday-season haul. (Video via ABC)
The glitch involves a service called RepricerExpress, which can automatically change the price of items being sold on Amazon to help that business's product stay competitive in the market.