Alibaba Fined Record €550M by EU for Illegal Salesbloomberg.com 5 pointstechnewssss1 month ago3 commentsSaveHideCopy link On HNComments−oggreen1moAlibaba made $59B last year in gross profit, and the amount will most likely be appealed and reduced.The biggest issue by far isn't the counterfeit or unsafe products, its the fake reviews, that's where regulators need to focus.−robin_reala1moWhy is that a bigger problem than unsafe products?−oggreen1moBecause the unsafe product most likely has 200+ "positive" reviews!
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Alibaba made $59B last year in gross profit, and the amount will most likely be appealed and reduced.
The biggest issue by far isn't the counterfeit or unsafe products, its the fake reviews, that's where regulators need to focus.
Why is that a bigger problem than unsafe products?
Because the unsafe product most likely has 200+ "positive" reviews!