Amazon has finally admitted to investors that it has a counterfeit problem

Amazon’s third-party marketplace is chock-full of independent sellers hawking everything from Korean face masks to out-of-print books and moon boots. From a business perspective, the system works great for the e-commerce giant: Amazon gets to sit back and collect fees from those sellers, whose sales on the platform continue to grow. In 2017, for the first time, more than half the products sold on Amazon came from those marketplace listings, rather than from Amazon itself.
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