Increasing scrutiny could stall rise of ecommerce platforms, as TikTok faces US ban
The Loadstar has launched a series of reports on the ecommerce sector, which has been driving growth ...
Photo: © Marcos del Mazo | Dreamstime.com
SEEKING ALPHA reports:
Amazon (NASDAQ:AMZN) could face another regulatory hurdle in 2024. The e-commerce giant might see an order issued from U.S. Consumer Product Safety Commission that would classify Amazon’s (AMZN) online retail business as a distributor of goods. That distinction would make Amazon (AMZN) responsible for the safety of goods that it sells for outside vendors on its website and ships for them through its logistics network, according to The Wall Street Journal.
If the CPSC pulls the trigger on the action, Amazon (AMZN) would face the same safety responsibilities as traditional retailers and be opened up to lawsuits and potential recalls over items sold through its website…
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