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> Every open marketplace is always going to list counterfeit goods as a business risk, because it is. On the contrary, Amazon did not list counterfeit goods as
by throwawaymath 8y ago
> Every open marketplace is always going to list counterfeit goods as a business risk, because it is.
On the contrary, Amazon did not list counterfeit goods as a business risk in its 10-K filings prior to 2019.[1] It has been an open marketplace since before 2019.
That does seem to imply they only started taking it seriously as a business risk somewhat recently, which could be interpreted as hedging against reputation damage.
Otherwise I'm in agreement that there's outsized discussion of the problem on reddit and HN.
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1. https://ir.aboutamazon.com/sec-filings?field_nir_sec_form_group_target_id%5B%5D=471&field_nir_sec_date_filed_value=2018&items_per_page=10 https://ir.aboutamazon.com/sec-filings?field_nir_sec_form_gr...
- kop316 8y agoTo provide a correlary, I am sure Boeing didn't mention software and MACS as a risk until a month ago. Why would Amazon even acknowledge counterfeits to be an issue until it actually effects business?