Skip to content
Back to Guavy Wire
Stocks

Amazon Among Retailers Hit with Cease-and-Desist Letters Over Prohibited E-Bikes

Instruments
AMZN
Share

New York City Mayor Zohran Mamdani has sent cease-and-desist letters to 40 major retailers, including Amazon and Target, over the sale of prohibited motorized scooters and e-bikes.

The letters were sent in response to a fatal accident involving an e-bike in Lower Manhattan last week. The vehicle involved was capable of reaching speeds over 30 miles per hour, exceeding the city's speed limit for e-bikes.

Amazon has responded to the letter, stating that it will 'look into the products in question' and work with the mayor and City Council to ensure compliance with safety standards. However, Target has yet to comment on the matter.

More on Stocks

Disclaimer: Guavy is a data and market intelligence provider, not an investment advisor. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

© 2026 Guavy Inc