But Amazon and eBay have banned him from selling any of it, because of his price-gouging.
Brothers Matt and Noah Calvin admit in a New York Times interview that they bought up all of the hand sanitizer and antibacterial wipes that they could find across Tennessee and Kentucky after the first U.S. coronavirus death was reported on March 1, with the intent to resell them at a profit as public panic around COVID-19 kicked in. They cleaned out small shops and dollar stores, as well as Walmart WMT, +9.65%, Staples and Home Depot HD, +7.91% and began listing their items on Amazon AMZN, +6.
Colvin defended his actions as solving “inefficiencies in the marketplace,” in that hawking these products for profit online potentially sends them to areas of the country where it’s harder to get them. “There’s a crushing, overwhelming demand in certain cities right now,” he explained. “The Dollar General DG, +2.70% in the middle of nowhere outside of Lexington, Ky., doesn’t have that.”“ ‘I honestly feel like it’s a public service. I’m being paid for my public service.
iframe.twitter-tweet { width: 100% !important; } iframe.twitter-tweet { width: 100% !important; } iframe.twitter-tweet { width: 100% !important; } iframe.twitter-tweet { width: 100% !important; } iframe.twitter-tweet { width: 100% !important; } The Colvins certainly aren’t the only ones who saw the coronavirus as a business opportunity, of course.
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