Dan Price

@unusual_whales 🧅 The Onion!

BREAKING: Trump and sons to be ‘forever’ exempt from tax audits, per FT

@FT @ramprasad_c The Onion

Trump and sons to be ‘forever’ exempt from tax audits ft.trib.al/ca4OS8P

@Ric_RTP @paulg "We're not competitor-obsessed, we're customer-obsessed. We start with what the customer needs and work backwards" - Amazon founder Jeff Bezos

Amazon just got caught running a secret price manipulation operation with Levi's, Home Depot, Walmart, and many more. Every time you "comparison shopped" online, you were looking at prices that were already rigged. Here's what happened: Amazon would monitor prices on Walmart, Target, Best Buy, Home Depot, and Chewy in real time. The second a competitor listed a product cheaper than Amazon, they'd contact the brand directly and tell them to "fix it." And the exact emails are now PUBLIC. Amazon sent Levi's links to two Walmart listings with the subject line "styles of concern." They basically said the prices on Walmart are too low and we have a problem. The next day, Levi's responded: "I talked to Walmart and they have partnered with us to take Easy Khaki Classic fit back up to ladder SPP price, $29.99 immediately." Levi's literally called Walmart and told them to raise the price. Because Amazon told Levi's to make the call. Walmart complied. Then Amazon matched the HIGHER price. Both retailers ended up charging more. The customer paid extra. Nobody competed. Same playbook with Hanes: Amazon sent them links showing Target and Walmart prices were lower. Hanes confirmed they "reached out to Target and Walmart to have the prices increased." Target increased the prices. Walmart increased the prices. Amazon kept their margins. But it gets even worse... Amazon told Allergan (the company that makes eye drops) that their product was "suppressed" on Amazon because it was cheaper on another site. Allergan responded: "Walmart got their price back up to $16.99." Amazon then unsuppressed the listing. They did this with pet treats on Chewy. Furniture on Home Depot. Products across dozens of categories spanning YEARS. The mechanism is simple but terrifying: If you're a brand and you sell cheaper on Walmart than on Amazon, Amazon suppresses your product, removes you from the Buy Box, buries you in search results, and effectively makes you invisible to 300 million customers. Brands can't afford that. So they call Walmart and Target and say "raise your prices or we'll lose our Amazon listings." Walmart and Target comply because they need the brand's products. Amazon captures 40 cents of every dollar spent online in America. That gives them the leverage to set prices across THE ENTIRE internet. Not just their own platform. So turns out, you were never comparison shopping. You were looking at a coordinated price floor set by Amazon through backroom phone calls between brands and their competitors. "Amazon is working to make your life more unaffordable." 3 separate antitrust trials are now scheduled for 2027. The FTC has its own case. 18 states plus the DOJ are piling on. This is literally happening during the WORST affordability crisis in a generation. Groceries up 25% since 2020. Housing unaffordable. Wages flat. And the largest ecommerce company on Earth has been secretly coordinating with brands to make sure you can't find a cheaper price ANYWHERE. "Competition" in retail is just a fantasy.

@edgaralandough Livable & dignified wages for employees

What is one ridiculously expensive purchase you made as an adult that you now absolutely swear by and would buy again in a heartbeat?

@MarkAEaton1 @MrPitbull07 I like it – been thinking about it quite a bit

@DanPriceSeattle @MrPitbull07 How do you feel about ESOP’s for SMB? Surprised more owners are not taking advantage of this as an exit strategy?

Remember Dan Price...that CEO who took a pay cut so he could pay all his employees a minimum annual wage of $70,000? Here’s what happened next: “Six years later after the decision that others said would destroy his business, Dan reports that revenue has tripled, the customer base has doubled, 70% of his employees have paid down debt, many bought homes for the first time, 401(k) contributions grew by 155% and turnover dropped in half. His business is now a Harvard Business School case study.” In his own words: “6 years ago today I raised my company's min annual salary to $70k. Fox News called me a socialist whose employees would be on bread lines. Since then our revenue tripled, we're a Harvard Business School case study & our employees had a 10x boom in homes bought. Always invest in people.” Courtesy of Craig Henley

@philipbelanger3 @MrPitbull07 @RETTIWTGMM here:

@MrPitbull07 @RETTIWTGMM Dan Price did this ELEVEN years ago, not 6. I mean if you’re going to put up something that acts like an update it’s probably a good idea to make it a current update 😂

@ORC4A I’ll DM you now

@DanPriceSeattle Who do I DM to learn more about the employee profit sharing program?? I want to initiate this into my company. @DanPriceSeattle

It’s been 10 years since I took a million dollar pay cut to pay all staff at Gravity Payments a $70,000 minimum wage. People have wondered: How did it go? We conducted a comprehensive study of everything that has happened since our 2015 announcement. We are proof that paying living wages is good for both employees and businesses. Since raising wages, our revenue and profits have soared, employees have started families while continuing to provide excellent customer service, and clients have become happier and stayed longer. It worked so well that we raised the minimum to $80,000 and added an employee profit-sharing program. Yet outside our company, it made no impact: no businesses followed suit, and the pay gap between workers and CEOs remains massive.

@Mr_Salmonid thanks! ☺️

@DanPriceSeattle good work!

Our Mission  We exist to stand with those who believe in the American dream and are willing to work to achieve it.

A key reason we are different: We are 100% privately owned with no need to appease stockholders or outside investors like private equity. Simply put: If our leadership decides to do something, we can do it. At most big companies, raising wages is seen purely as a cost increase, with no thought given to potential long-term gains. When public companies announce layoffs, their stock typically rises in the short term—and executives’ pay rises with it. This short-term mindset views wage increases as an overwhelming net negative. Even at locally owned businesses, cash reserves are often so limited that a wage bump isn’t fiscally feasible in the short term, even if owners believe in the long-term benefits. We were unique in that Gravity (A) had nearly a decade to build a solid, growing business before raising wages, and (B) had a major expense to cut—the CEO’s pay dropping 91%—to offset increases elsewhere. The underlying truth remains: most businesses simply don’t want to try this, believing it will bankrupt them. We’re here to prove otherwise.