Counterfeit Problem Looms On Online Platform Etsy

Legal
12/05/2015 06:46

JCK reports that millions of items sold on Etsy could be counterfeit or constitute trademark infringement, an analyst warned on downgrading the company’s stock. “As many as 2 million items on Etsy (more than 5 percent of all merchandise) may potentially be either counterfeit or constitute trademark or copyright infringement,” wrote Wedbush’s Gil Luria and Aaron Turner of Wedbush Securities, as quoted by Business Insider, adding: “Etsy has become a go-to destination for counterfeits. Since the case of Tiffany vs. Ebay, the counterfeit issue and the responsibilities online sales platforms have in the matter, has become the subject of much debate, Rob Bates, JCK News Director adds.