of etsy josh silverman he says that this is going to wipe out amazon competitors completely because amazon is strictly a middleman when it comes to their business model adding that amazon supports this bill and bad face them saying quote amazon's goal is to be the only place to buy stuff online how willing mom and pops that sell unique items in their own shops are more frequently since kovac through marketplaces like etsy small businesses struggling now more than ever will ultimately bear the brunt of the overbearing burdens of a $30.00 to $62.00 amazon does say that it does support this bill only though if it quote holds an online marketplace all my marketplace is liable regardless of their business model but you know let's be real amazon knows that it can take on any of these lawsuits it's got a ton of money and now jeff bezos with 204000000000 it's interesting 100 or ability when you look at all their pictures they all have the worst haircut and the bases with no hair no so at all 304000000000 and what would you do with that mine are to correspondent for and thank you for being with us

. >>> etsy ceo josh silverman jos for a bill which seeks to hold electric retail marketplaces to theliability standards applied to brick and mortar retrailers he says, amazon is taking bold steps to wipe out competitors by promoting hard to comply with legislation that only they can afford to absorb their goal is to be the only place to buy things online since co-vid through marketplaces like etsy small businesses struggling now more than ever will bear the brunt of the overbearing burdens of ab 3262 that seeks to hold retail marketplaces to the same liability standards applied to brick and mortar retailers something you imagine is not good for etty. >> no. and i think josh raises a lot of good points. basically that this was an anti-amazon bill they didn't want obviously california didn't want amazon dumping cheap stuff. it could be difficult for amazon to make the rules too hard so etsy wouldn't be able to vet all the items sold tonight i have to bring this in. i thought josh understands the wolf in sheep's clothing is no protection bill. amazon better distance itself from it if th

let's check in with josh silverman, the president and ceo of etsy. well, i've got to tell you, you have a line in this -- in your conversation call that i love, which is unfortunately in a pandemic, everyone's habits are up for grabs that's what i've been looking for. and you said it. that's one of the reasons why etsy had an amazing quarter. >> first, jim, can i say i just want to thank you, because you've been a believer in etsy since i joined the company three years ago, and even before so when our stock was at $10 a share, you were telling everyone that etsy's got a huge opportunity, and that they should pay attention, and i'm grateful that you believed in us all along. and this period of time has really shown the world that there is a huge opportunity for etsy >> thank you, josh from the day that my daughter sold pillows to the fact we bought almost everything at our restaurant from etsy, i have been a believer, and you have taken this company to levels that i never thought could happen so thank you thank you for everybody. >> you've been a beli

direct listings had become the other big topic for us this morning is this etsy piece on amazon this new blog post in which josh silvermanues that amazon is trying to wipe out its competitors by backing california's consumer protection bill and says amazon supported the bill as an abuse of market play amazon, lo, is one of your top holdings how much leash do you give etsy on something like this >> well, there's the process of thinking of marketplaces as a way to connect buyers and sellers. and so i think what etsy and josh is saying and josh is an ebay alum and ebay was the inventor of this model i was an ebay alum as well and there are already laws in place to be able to protect buyers from sellers that are selling fraudulent goods, counterfeit goods. and this particular bill, the way that i read it, it really is focussing on online marketplaces and kind of carving online marketplaces out from some of the other methods that connect consumers directly to sellers in a gathering. think about an antique shop. think about even a flee market those are the same types of dynamics it's just that these marketplaces do it online.

etsy engaging in a war of words with amazon in new blog post slamming the proposed consumer protection bill which would hold online marketplaces liable for defective products on the platform ceo josh silverman of market power play and amazon taking bold steps to wipe out its competitors. silverman joins us now in cnbc exclusive interview for more josh, i know this is a big deal because you never speak out publicly against amazon. explain why you're calling them out for backing this legislation. >> yeah. thanks for having me on. i think this is an important issue, important to everyone in america. this is a wolf in sheep's clothing designed to protect amazon's market power and extend amy's market power and dressed up to look like consumer protection here is what's going on. consumers need to be protected if something goes wrong with a purchase there's a long history that says if you buy something from a retailer and something goes wrong, that retailer is strictly liable it also says if you buy something on a marketplace, the vendor on the marketplace is liable but the marketplace itself is not. if you buy something from a flea market, a landlord who owns the parking lot is not liable, it's t