Walmart Faces Scrutiny as CNBC Probe Uncovers Safety Lapses in Third-Party Marketplace
Walmart Faces Scrutiny as CNBC Probe Uncovers Safety Lapses in Third-Party Marketplace Walmart (WMT) stock saw a decline following a CNBC investigation that raised significant concerns regarding the retail giant’s online marketplace practices. The probe suggests that Walmart’s rapid online expansion, aimed at competing with Amazon (AMZN), may have come at the expense of rigorous third-party seller vetting. The CNBC investigation reportedly found instances where Walmart customers received counterfeit and potentially dangerous products through the marketplace. Furthermore, it identified dozens…