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A 2019 Wall Street Journal (WSJ) investigation found third-party retailers selling over 4,000 unsafe, banned, or deceptively-labeled products on Amazon.com. When customers sued Amazon for unsafe products sold by third-party sellers on Amazon.com, Amazon's legal defense has been that it is not the seller and cannot be held liable. [133]
Fiverr's former headquarters in Tel Aviv. Fiverr was founded by Micha Kaufman and Shai Wininger.The founders came up with the concept of a marketplace that would provide a two-sided market for people to buy and sell a variety of digital services typically offered by freelance contractors.
As such, the products and services bought and sold are usually varied in type and have a short development and sale cycle. Products sold may often be used or second-hand, since consumer to consumer sales are often facilitated through auction or classified sites. [12]
In February 2015, Shopee launched in Singapore as a mobile-centric marketplace where users can browse, shop and sell products. [7] The asset-light platform is integrated with logistical and payment support, and claims to make online shopping easy and secure for both buyers and sellers.
The online shopping marketplace Rakuten Shopping Mall (楽天市場, Rakuten Ichiba) was officially launched on May 1, 1997. [11] The company had six employees and the website had 13 merchants. [12] The name was changed to Rakuten in June 1999. [11] The Japanese word "rakuten" means "optimism". [13]
In 1998, Bezos diversified into the online sale of music and video, and by the end of the year he had expanded the company's products to include a variety of other consumer goods. [52] Bezos used the $54 million raised during the company's 1997 equity offering to finance the aggressive acquisition of smaller competitors. [ 52 ]
Early in Greek history (10th–4th centuries BC), free-born citizens would gather in the agora for military duty or to hear statements of the ruling king or council. Later, the agora also served as a marketplace, where merchants kept stalls or shops to sell their goods amid arcades. This attracted artisans who built workshops nearby.
Local bookstores in the Seattle area described wariness over the physical presence of Amazon.com, with the University Book Store in the U District noting "different spending patterns" two months after the opening of Amazon's store; an Amazon spokesperson dismissed the notion that Amazon Books would interfere with independent bookstores and their operations, stating that "offline retail is a ...
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