Zappos Loses $1.6 Million in Six-Hour Pricing Screw-Up

[image error]This past Friday, between midnight and 6 a.m. PST, 6pm.com, a Zappos sister site, accidentally made the biggest pricing error in the company's history. All items in the store were capped at a maximum price of $49.95--a huge mistake, since 6pm.com carries luxury items that can reach into the thousands of dollars.

Though obviously 6pm.com didn't advertise the "sale," bargain-hunter sites picked up on the error and publicized the vulnerable vendor, leading 6pm to lose "over $1.6 million" in...