Etsy CEO says proposed California bill would hurt small businesses

Etsy CEO says proposed California bill would hurt small businesses
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Etsy CEO Josh Silverman is speaking out against a proposed California bill that he says would hurt small businesses in favor of Amazon.

The proposed law, AB 3262, would hold online retailers accountable for injury liability the same way brick-and-mortar retailers are. Amazon is supporting the bill, which Etsy and other online retailers oppose.

Silverman says it would help Amazon eliminate small business competitors.

“The bill would dramatically raise the cost of being a small businessperson on marketplaces like Etsy or Amazon,” he said in an interview Wednesday. “I think it’s really anti-competitive. And I think it’s really Amazon trying to use its market power to shut down competition.”

Both companies offer third-party sellers a platform to sell their goods, and the bill would hold online retailers liable for injuries caused by a defective product. An appeals court recently ruled against the retail behemoth in Bolger vs. Amazon, holding it liable for a product defect along with the third-party seller.

Source: NBC

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