Walmart Stock Dips Amid Safety Concerns in Online Marketplace
Walmart shares declined following a CNBC investigation revealing safety lapses in its third-party marketplace. The report identified counterfeit products and fraudulent seller accounts, raising questions about the retailer's vetting processes as it competes with Amazon.
The probe found 43 instances of credential theft by third-party sellers, with lab tests confirming six counterfeit beauty items. Walmart's rapid online expansion appears to have compromised quality control measures, creating potential risks for consumers.