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Amazon bans 1 million items over price gouging, false coronavirus claims

Amazon.com Inc. pulled over one million products from sale after they were found to be either overpriced or made false claims about being able to cure or fight against coronavirus, Reuters reported Feb. 28, citing a company confirmation.

Among the products that the e-commerce company reportedly pulled was a 10-pack of N95 masks by 3M Co., sold by a third-party merchant for $128. The price was significantly up from its average price of $41.24, according to the report.

"There is no place for price gouging on Amazon," an Amazon spokeswoman reportedly said in a statement, adding that the company has the right to take down products that hurt consumer trust, such as when pricing "is significantly higher than recent prices offered on or off Amazon."

Amazon reportedly monitors price spikes and false claims through automated and manual reviews of product listings.