Technology
Scalpers made nearly $30 million profit from PS5, Xbox Series X sales – TweakTown
Scalpers are making a killing from selling PlayStation 5 and Xbox Series X/S consoles via eBay auctions at marked up sale prices.
Scalpers are once again taking advantage of short supply and manipulating markets with big markups. Data suggests scalpers made nearly $30 million from PS5 and Series X/S sales as of December.
Scalpers are using extensive bot networks and their knowledge of digital storefronts to take control over the next-gen console market. In a bad twist of fate, scalpers typically have more stock than most retailers and are selling consoles at big markups on sites like eBay.
To give an idea on how much profit…
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