Date: April 4, 2019
In Case You Missed It!
Trump Administration Official Says Amazon Scheming To Profit Off Of Counterfeits
Peter Navarro lays out Amazon’s profit incentives for turning a blind eye to counterfeits plaguing its platform.
“For another, perverse incentives often make it more profitable to sell counterfeits than genuine brand-name goods. The Journal reported last July that more than half of unit sales on Amazon ‘are from independent merchants, including those who sell their own brands,’ and that ‘these transactions typically are more profitable to Amazon’ than selling from its own warehouse, ‘because it takes a roughly 15% cut and avoids inventory costs.’” (The Wall Street Journal, “Trump Has a Plan to Stop Fake Goods,” Peter Navarro, 4.2.19)
To read the full article, click here.
ABOUT THE FREE & FAIR MARKETS INITIATIVE
The Free & Fair Markets Initiative (FFMI) is a nonprofit watchdog committed to scrutinizing Amazon’s harmful practices and promoting a fair, modern marketplace that works for all Americans. For more information on the Free & Fair Markets Initiative, click here.