Comment on Nintendo is raising the price of the Switch 2, blaming 'market conditions'
nomy@lemmy.zip 3 days agoSure, price fixing is a thing that happens all the time even though it’s illegal.
Why do you guys defend corporations? They’ve shown time and time and again they’re pure evil motivated only by profit. They don’t get the benefit of the doubt.
RightHandOfIkaros@lemmy.world 3 days ago
The big 5 in DRAM chips manufacturers literally got fined by the FTC for price fixing in 2002. They admitted to price fixing from 1998-2002.
Verdun Oil and XLC Resources just got fined in 2025 for purposefully shutting down EPs crude oil drilling plans prior to a merger notification to antitrust authorities (called gun-jumping) which caused a massive crude oil supply shortage whcih was intentional to keep prices high.
Medical companies got fined this year for price fixing on insulin.
The prices were always going to go up regardless of the economy or the current US president, because the prices aren’t effected by those nearly as much as they are effected by shareholder greed and demand for short term profit at the expense of everything else.
tomkatt@lemmy.world 3 days ago
Don’t forget they essentially did the same from 2016-2018, though that case was dismissed and they got away with it, even though there was seemingly obvious collusion. Weird how even though the case was dismissed, RAM prices utterly tanked for a while after.