Grinch Bots drive up the online prices of popular toys

The Grinch and his dog

NPR reports that online scammers are buying up the popular toys, marking them up, and reselling them on Amazon and eBay.

While the demand for the hottest toys is particularly high this time of year, shoppers are competing against a growing army of bots. For years, scalpers have taken advantage of software robots to scoop up event tickets, but now scammers are employing the same tactics to cheat Christmas shoppers, says MSNBC anchor and economics correspondent Ali Velshi.

“Regular people could never buy them at face value,” he tells Here & Now’s Robin Young. “The idea that it was bots — scalpers using algorithms — to buy up all the tickets in the first place, and then sell them either via a third-party vendor or independently to people, and this has now moved its way into the hot holiday toy sales industry.”