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What will be the impact on Amazon's stock price following the CPSC ruling by the end of 2024?
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Stock market data from financial news sources
Story
CPSC Rules Amazon Responsible for Hazardous Products Sold by Third-Party Sellers and Shipped by Amazon
Jul 30, 2024, 02:13 PM
The U.S. Consumer Product Safety Commission (CPSC) has determined that Amazon is responsible for hazardous products sold by third-party sellers on its platform and shipped by the company. According to the federal safety law, Amazon bears legal responsibility for the recall of these dangerous items. This decision underscores the accountability of online marketplaces in ensuring the safety of products sold through their platforms.
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