From 7–8pm on Friday, software used by third-party sellers to ensure their products are the cheapest on the market went a bit…

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From 7–8pm on Friday, software used by third-party sellers to ensure their products are the cheapest on the market went a bit haywire and reduced prices to as little as 1p. “Amazon is all kinds of broken,” one observer tweeted. “Mattress 1p. Heaphones 1p. Batteries, clothing, games all 1p. Someone messed up big time.”

Martin Le Corre, who sells toys and games via his MB Homewares store on Amazon, told the Guardian that the glitch in software developed by RepricerExpress could have cost him more than £100,000.

“We got a call from a competitor to say ‘do you realise all your listings at a penny?’ By the end of the hour, we had 1,600 orders,” he said. “People were buying 10, 50, 100 copies of everything. It is £50,000, £60,000, £100,000 of stock; we can’t even work it out.”

Le Corre immediately took his store offline, but more than £30,000 worth of orders had already been marked as dispatched by Amazon. Orders that have already been dispatched cannot be cancelled and shoppers will be able to keep the goods.

–Amazon sellers hit by nightmare before Christmas as glitch cuts prices to 1p (viaiamdanw)