Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Amazon.com Inc. (NASDAQ: AMZN) has removed more than a million products from its e-commerce platform that attempted to profit from the novel coronavirus (COVID-19) outbreak, CNBC reported Thursday.
What Happened
Any account that makes false claims about curing the coronavirus or increased the prices of products related to the prevention of the coronavirus in violation of Amazon's policy is either suspended for a time or permanently, according to CNBC.
"There is no place for price gouging on Amazon," an Amazon spokesperson told CNBC. The Jeff Bezos-led company also continues to monitor all coronavirus cure claims, according to the spokesperson.
Why It Matters
Amazon shows a notice about coronavirus protection when terms like "coronavirus," "coronavirus mask," "n 95 mask," are searched. Clicking on the link redirects to the Centers for Disease Control and Prevention website.
Social media behemoth Facebook Inc. (NASDAQ:FB) had earlier said it would remove any advertisement falsely claiming to have a cure for the coronavirus.
There's currently no verified cure for the novel coronavirus that has claimed at least 2,858 lives globally. Earlier this week, Moderna Inc. (NASDAQ:MRNA) sent the first batch of vaccines to health regulators for testing against the coronavirus.
Price Action
Amazon's shares closed the regular session 4.81% lower at $1,884.30 and inched another 0.76% lower in the after-hours session at $1,870.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!