Amazon Announces Progress On Counterfeit Crackdown
Amazon Inc (NASDAQ:AMZN) announced that it had blocked 10 billion listings in its crackdown on counterfeit products. Brands, shoppers and lawmakers have been pressuring the online retailer to remove listings for fake products. Q1 2021 hedge fund letters, conferences and more Amazon cracks down on fakesAmazon said it removed over 10 billion listings for counterfeit products before any sales were made. The company released that number in its first report on its anti-counterfeiting efforts since it revealed new technologies and tools about two years ago. The number of fake listings last year grew...