What Happened
Any account that makes false claims about curing the coronavirus or increased the prices of products related to the prevention of the coronavirus in violation of Amazon’s policy is either suspended for a time or permanently, according to CNBC.
“There is no place for price gouging on Amazon,” an Amazon spokesperson told CNBC. The Jeff Bezos-led company also continues to monitor all coronavirus cure claims, according to the spokesperson.
Why It Matters
Amazon shows a notice about coronavirus protection when terms like “coronavirus,” “coronavirus mask,” “n 95 mask,” are searched. Clicking on the link redirects to the Centers for Disease Control and Prevention website.
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Social media behemoth Facebook Inc. (NASDAQ: FB) had earlier said it would remove any advertisement falsely claiming to have a cure for the coronavirus.” data-reactid=”24″>Social media behemoth Facebook Inc. (NASDAQ: FB) had earlier said it would remove any advertisement falsely claiming to have a cure for the coronavirus.
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="There's currently no verified cure for the novel coronavirus that has claimed at least 2,858 lives globally. Earlier this week, Moderna Inc. (NASDAQ: MRNA) sent the first batch of vaccines to health regulators for testing against the coronavirus.” data-reactid=”25″>There’s currently no verified cure for the novel coronavirus that has claimed at least 2,858 lives globally. Earlier this week, Moderna Inc. (NASDAQ: MRNA) sent the first batch of vaccines to health regulators for testing against the coronavirus.
Price Action
Amazon’s shares closed the regular session 4.81% lower at $1,884.30 and inched another 0.76% lower in the after-hours session at $1,870.
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="See more from Benzinga” data-reactid=”28″>See more from Benzinga
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.” data-reactid=”33″>© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Add Comment