Tag

Online Marketplace

All articles tagged with #online marketplace

world27 days ago

French Court Denies Suspension of Shein Amid Controversies

A Paris court rejected the French government's request to suspend Shein, citing that removing the offending products was sufficient and suspension would be disproportionate, though it ordered Shein to implement age-verification for certain content. The platform had been found selling illicit items like child-like sex dolls, illegal weapons, and banned medications, prompting investigations and regulatory actions across multiple platforms.

health2 months ago

Teenager Undergoes Surgery After Swallowing Up to 200 Magnets from Temu

A 13-year-old boy in New Zealand required surgery after ingesting 80-100 small magnets bought from Temu, which caused serious intestinal damage. The case highlights the dangers of high-powered magnets for children and raises concerns about online marketplaces selling hazardous toys, despite regulations and safety standards. Temu stated it is reviewing the matter and cannot verify if the magnets were purchased from their platform.

health2 months ago

Teen in New Zealand Undergoes Surgery to Remove Up to 200 Swallowed Magnets

A 13-year-old boy in New Zealand swallowed up to 100 high-power magnets bought online, leading to surgery to remove necrotic tissue from his intestines. The magnets, banned in New Zealand since 2013, caused serious health risks, highlighting concerns about online sales of dangerous products. The e-commerce platform Temu is investigating the case to ensure safety compliance.

business1 year ago

eBay Drops American Express Over High Fees

eBay will stop accepting American Express globally from August 17 due to high processing fees, citing that customers have other payment options. This decision follows similar merchant disputes with payment processors over fees, such as Amazon's past conflict with Visa. American Express argues that their fees are comparable to other networks and that their cardmembers spend more on eBay.

business1 year ago

eBay Drops American Express Over High Fees

eBay will stop accepting American Express globally from August 17 due to high processing fees, offering customers alternative payment options like Apple Pay, PayPal, Klarna, and Affirm. This decision follows similar merchant disputes with payment processors over fees, such as Amazon's past conflict with Visa. American Express argues that their fees are comparable to other networks and that their cardmembers spend more on eBay.

crimetechgaming1 year ago

"Japanese Man Arrested for Selling Hacked Pokémon Monsters"

Japanese man arrested for allegedly hacking Pokémon Scarlet and Violet games to create custom characters, which he sold on an online gaming marketplace. Using an online tool to modify the game’s save data, the 36-year-old suspect was caught by cyber patrol officers and is accused of violating the Unfair Competition Prevention Act. The man reportedly confessed to the charges, claiming he did it to earn a living, and police suspect his total profit amounted to millions of yen.

crime-and-safety1 year ago

"Protect Yourself: Tips to Avoid Online Marketplace Scams"

A Utah man had his motorcycle stolen during a seemingly safe transaction on Facebook Marketplace, prompting the Lehi Police Department to offer tips for avoiding scams during online marketplace transactions, including avoiding sharing personal information, using safe exchange spots at police departments, and checking the DMV for tips on buying used vehicles. The police also provided red flags to watch for, such as vague answers to personal questions and changes in meeting locations or times, to help prevent falling victim to scams.

crime1 year ago

"California Girls: The $8M Makeup Theft Ring Uncovered"

Michelle Mack, suspected ring leader of an $8M retail theft ring, was arrested at her Bonsall mansion, which doubled as a stash house for stolen makeup. Ulta Beauty CEO expressed concern over the safety risk posed by such thefts. Mack and her husband pleaded not guilty to charges. San Diego officials are looking to reform Prop 47 to address repeat offenders, while also pushing for tighter regulations on online marketplaces to combat the sale of stolen goods.

business2 years ago

"The Secrets to a Lucrative Side Hustle: Uncovering the Power of Niche Markets"

Becky Powell, a 41-year-old kindergarten teacher, earns $125,500 a year through her side hustle of creating and selling digital worksheets on Teachers Pay Teachers. Powell's store, Sight Word Activities, offers a range of listings from free downloads to paid bundles. She started the side hustle in 2015 and has found success by filling a niche in the education market. Her husband, a computer engineer, also runs a Teachers Pay Teachers store, bringing in an additional $51,800. Powell believes that passion, market knowledge, and identifying gaps in learning are key to replicating her success.

technology2 years ago

"Discord's Expanding Marketplace and Monetization Efforts Aim to Justify $15 Billion Valuation"

Discord, the popular messaging service used by gamers, is expanding its online marketplace of virtual goods and digital customization tools in an effort to justify its $15 billion valuation. The marketplace, called Shop, was initially available only to subscribers of Discord's premium Nitro offering but will soon be accessible to all users. Discord aims to generate revenue through the sale of digital items like avatar decorations. The company is also emphasizing user safety by introducing a warning system for content moderation violations and implementing a safety tool for younger users. Discord is differentiating itself from social media companies by avoiding digital advertising and focusing on subscription-based revenue.

business2 years ago

FTC Takes Legal Action Against Amazon for Online-Marketplace Monopoly

The Federal Trade Commission (FTC) and 17 states have filed a lawsuit against Amazon, accusing the e-commerce giant of illegally maintaining a monopoly in the online marketplace, resulting in artificially high prices, limited seller options, and harm to competitors. This high-stakes case highlights FTC Chair Lina Khan's aggressive antitrust stance and her willingness to take on major tech companies.

business2 years ago

"Trump Jr.-Backed Anti-'Woke' Online Marketplace PublicSq. Goes Public on NYSE"

PublicSq., an online marketplace catering to conservative shoppers and backed by Donald Trump Jr., is set to go public via a special purpose acquisition vehicle (SPAC). The platform, which aims to provide an alternative for right-wing consumers who feel alienated by large corporations with differing political stances, has raised over $20 million and attracted 50,000 conservative-minded businesses and 1.1 million users since its launch in July 2022. PublicSq. plans to use the proceeds to further develop the site, launch its own products, and ramp up advertising efforts. The company aims to create an alternative to Amazon and target $200 million in annual revenue.

business2 years ago

"US regulators set to launch major antitrust case against Amazon's online marketplace"

The Federal Trade Commission (FTC) is reportedly preparing to file a major antitrust lawsuit against Amazon's core online marketplace, accusing the company of favoring merchants that use its logistics services and penalizing those who seek alternative solutions. This potential suit follows the FTC's recent complaint against Amazon regarding deceptive practices to retain Prime program customers. The agency has been working on the case for months, and while Amazon denies the allegations, the FTC aims to prove its claims in court. Additionally, the FTC is investigating Amazon's acquisition of iRobot to assess the impact on third-party sellers.

businesstechnology2 years ago

FTC's Antitrust Lawsuit Targets Amazon's Online Marketplace Power

The US Federal Trade Commission (FTC) is planning to prosecute Amazon's core online marketplace, alleging that the company abuses its power by favoring merchants who use its logistics services and penalizing those who do not. FTC investigators, led by Lina Khan, have been working on the complaint for months and are finalizing the details. Khan is unlikely to accept compromises and may seek to restructure the company. This comes as part of the US government's crackdown on Big Tech, which includes complaints against Google and Meta Platforms, as well as an investigation into Apple.