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Shares of online marketplace Etsy (NASDAQ:ETSY) fell 5.5% in the afternoon session after the company announced a restructuring plan on December 12, 2023, to enhance operational efficiencies, reduce costs, and align its workforce with business priorities. The plan includes an 11% reduction in the marketplace workforce, approximately 225 employees, with estimated charges of $25-30 million expected to be incurred primarily in the fourth quarter of 2023. Additionally, Chief Marketing Officer Ryan Sc
A Baltimore man has been arrested for fatally shooting a high school student after the latter decided against buying a car listed on Facebook Marketplace, raising concerns about the safety of online marketplace purchases. Marques Harris, 18, was arrested on Dec. 2 for shooting and killing Carlos A. Carranza Ricardo, also 18, on Nov. 26, per the Baltimore Police Department. CBS reported that Carranza Ricardo had driven to Baltimore with a friend to look at a car he had seen for sale on Facebook Marketplace.
Attorneys for Amazon on Friday asked a federal judge to dismiss the Federal Trade Commission’s antitrust lawsuit against the e-commerce giant, arguing the agency is attacking policies that benefit consumers and competition.
The scams include email and text phishing, delivery stealing, credit card skimming, romance scams, online pet scams, pop-up ads and online marketplace deals.