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8/26, 1:51 AM (Source: TeleTrader)
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Amazon trying to 'wipe out' competitors - Etsy CEO

Etsy CEO Josh Silverman accused Amazon.com Inc of trying to "wipe out its competitors" by supporting a proposed California consumer protection bill.

"Amazon is taking bold steps to wipe out its competitors by promoting complex, hard-to-comply-with legislation that only they can afford to absorb," Silverman claimed. "Amazon’s goal is to be the only place to buy stuff online, hobbling mom-and-pops that sell unique items in their own shops, or more frequently since COVID, through marketplaces like Etsy," the e-commerce company's CEO added.

Earlier, Amazon said it would be ready to back bill AB 3262 which seeks to impose the same strict liability standards for online marketplaces as those applied to brick-an-mortar stores.

Breaking the News / NP