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Online retail rattled by Supreme Court ruling

Published 06/21/2018, 10:36 AM
Updated 06/21/2018, 10:36 AM
© Reuters.  Online retail rattled by Supreme Court ruling

© Reuters. Online retail rattled by Supreme Court ruling

  • The Supreme Court rules that states have the constitutional power to require online sales taxes be collected in a highly-watched case involving a challenge by South Dakota.
  • The SCOTUS decision is creating a ripple in the tech and consumers services sectors. Keep an eye on Amazon (AMZN -1.2%), eBAY (EBAY -1.8%), PayPal (PYPL -0.1%), Etsy (ETSY -4.7%), Blue Apron (APRN -3.8%), Shopify (SHOP -3%) and Wayfair (W -2.7%) among others as the full implications are digested.
  • Related ETF: IBUY.
  • Now read: PayPal Holdings: A Long-Term Buy


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