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0.00265251989389927 0.00265251989389927 -0.00265251989389915 -0.00265251989389915 -0.013262599469496 -0.0161803713527851 0.0212201591511937 0.0663129973474802
Stock impact report

UPDATE 1-France orders websites to remove online marketplace Wish [Reuters]

ContextLogic Inc. - Class A (WISH) 
NASDAQ:AMEX Investor Relations: wrightinvestorsservice.com/investor-relations
Company Research Source: Reuters
PARIS, Nov 24 (Reuters) - France ordered search engines and online platforms on Wednesday to strip Wish from their listings over concerns about product safety and the U.S. e-commerce marketplace said it was taking legal action to challenge the move. The French government, which has been investigating a number of online operators, said in a statement that its consumer watchdog had found a large proportion of products it examined on the Wish site to be dangerous. The government said Wish, which is operated by ContextLogic Inc. (WISH.O) based in San Francisco, had failed to recall them in a satisfactory manner and clearly inform consumers about the risks of some products sold through its platform. "We are starting legal action to challenge what we consider an illegal and disproportionate act," Wish said in a statement. Wish said it had always met demands from France's General Directorate for Competition Policy, Consumer Affairs and Fraud Control (DGCCRF) to pull items and had attempted t Show less Read more
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