The Hustle

‘Grinch Bots’ are looking to steal Christmas by jacking up toy prices

This year’s most in-demand toys are being held hostage for 162x their list price -- all thanks to some real cyber Scrooges...

For years, bots have been scamming consumers by buying up large amounts of tickets to concerts and plays and reselling them for inflated prices. Now, these “Grinch Bots” have moved on to toys.

Many popular, hot ticket holiday toys are being bought and sold by bots on third-party sites like Amazon and eBay at huge markups, leaving many of them out-of-stock through big retailers like Toys “R” Us, Walmart, and Target.

Here are some of the heavy hitters

According to Business Insider, a selection of this year’s most in-demand gifts are going for up to 162x their list price:

Luckily, some powerful people are standing up to Grinch Bots

Last holiday season, the Better Online Ticket Sales (BOTS) Act, which “cracked down” on the use of bots in the concert ticket industry, was approved by Congress.

Now the dude who sponsored the bill, NY Democratic Senator, Chuck Schumer, is trying to amend the bill to include toys.

“Grinch bots cannot be allowed to steal Christmas, or dollars, from the wallets of New Yorkers,” he wrote in a statement, before presumably slamming his fist on the table and retreating back into his Whoville vacation home.

Get the 5-minute roundup you’ll actually read in your inbox​

Business and tech news in 5 minutes or less​

Exit mobile version