8.20.20 Amazon's sale of faulty goods; What's up with the next stimulus bill?

The Clark Howard Podcast

Clark Howard

Investing, Entrepreneurship, Business

4.6 • 4.9K Ratings

🗓️ 20 August 2020

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

A court has just ruled that Amazon can be held responsible for faulty and unsafe good being sold on its website. Often many of the questionable items are sold by third party sellers but Clark calls on Amazon to clean things up on their site. The next stimulus bill is taking a while to put together. Clark talks about how the implementation of the recent executive orders is going and what we can expect from a stimulus bill at some point in the future. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	I'm glad you're with us here on the Clark Power Show where it's about you learning ways
0:10.4	to keep more of what you have.
0:13.4	So I've been from time to time giving a lot of praised Amazon and other times very harsh
0:21.0	on Amazon.
0:22.9	As a very fast growing, brash company, Amazon is able at the extremes to do an exceedingly
0:31.7	good job and at the same time be reckless.
0:36.3	And a lot of the recklessness that Amazon involves, the Amazon marketplace.
0:43.0	If you're not familiar and aware of this, Amazon actually, most of the stuff on Amazon.com
0:52.6	is not from Amazon.
0:55.9	Amazon is almost acting like a franchise that sells franchises to people to be listed on
1:04.3	Amazon.com.
1:06.8	Amazon in many cases for these third party sellers that are listed on Amazon's website also
1:14.6	warehouses their goods for them and fulfills, meaning they deliver them to the customer
1:22.2	as well.
1:23.6	In other cases, people are only paying to be listed on Amazon like they would be on eBay.
1:29.8	The problem that's come up again and again is Amazon has been unfortunately allowing people
1:38.6	on the marketplace selling dangerous goods, counterfeit goods, goods with unsafe components
1:48.2	to it.
1:49.7	And there was a lawsuit that recently a judge found Amazon responsible for a third party
1:59.2	seller who sold a defective battery that caught on fire.
2:06.4	Now, the thing is Amazon says, it's us, but then it's not us.
2:15.8	When you go to Amazon.com, it's not obvious and apparent what goods, the very small percent
	...

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