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Market
How many additional product recalls will Amazon announce by December 31, 2024?
4
Resolution / Starting Odds
None • 25%
1-5 • 25%
6-10 • 25%
More than 10 • 25%
Official CPSC announcements or Amazon press releases
Story
CPSC Rules Amazon Responsible for Hazardous Products, Orders Recall of 400,000 Items
Jul 30, 2024, 07:24 PM
The U.S. Consumer Product Safety Commission (CPSC) has ruled that Amazon is legally responsible for hazardous products sold by third-party sellers on its platform. This ruling mandates that Amazon must recall over 400,000 dangerous items, including hairdryers and defective carbon monoxide detectors, which were distributed and shipped by the company through its Fulfillment by Amazon program. The decision underscores Amazon's legal obligation under federal safety law to ensure product safety and manage recalls, even for items sold by third parties.
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Less than 10 • 25%
10 to 50 • 25%
51 to 100 • 25%
More than 100 • 25%
None • 25%
1-3 • 25%
4-6 • 25%
More than 6 • 25%
Yes • 50%
No • 50%
0-10 • 25%
11-20 • 25%
21-30 • 25%
31 or more • 25%
0-2 recalls • 25%
3-5 recalls • 25%
6-8 recalls • 25%
More than 8 recalls • 25%
Recall of products • 25%
Financial settlement • 25%
New safety protocols • 25%
No significant action • 25%
Yes • 50%
No • 50%
Increase by more than 5% • 25%
Increase by up to 5% • 25%
Decrease by up to 5% • 25%
Decrease by more than 5% • 25%
Yes • 50%
No • 50%
