Risk Factors.
−Removed: The global COVID-19 pandemic could harm our business and results of operations.
−Removed: The global spread of COVID-19 and related measures to contain its spread (such as government mandated business closures and shelter in-place guidelines) have created significant volatility, uncertainty and economic disruption.
−Removed: Although the COVID-19 pandemic and the related measures to contain its spread have not had a material adverse effect on our consolidated results of operations to date, they have adversely affected certain components of our business, particularly revenues during times and in places in which governments ordered business and governmental closures and issued the most restrictive shelter in-place guidelines.
−Removed: The extent to which the COVID-19 pandemic impacts our business, results of operations, financial condition and liquidity in the future will depend on numerous evolving factors that we cannot predict, including the duration and scope of the pandemic;
−Removed: any resurgence or “second waves” of the pandemic;
−Removed: governmental, business and individuals’ actions that have been and continue to be taken in response to the pandemic;
−Removed: the availability of government funding programs benefiting our sellers and buyers;
−Removed: the impact of the pandemic on national and global economic activity, unemployment levels and financial markets, including the possibility of a national or global recession;
−Removed: the potential for shipping difficulties, including slowed deliveries from sellers to their customers;
−Removed: and the ability of consumers to pay for products.
−Removed: The COVID-19 pandemic has generally resulted in a decrease in consumer spending, which could have an adverse impact on our sellers through reduced consumer demand for their surplus assets, which could in turn negatively impact the demand for use of our platforms.
−Removed: Additionally, the COVID-19 pandemic has caused us to require employees to work remotely for an indefinite period of time, which could negatively impact our business and harm productivity and collaboration.
−Removed: If there is a prolonged impact of COVID-19, it could adversely affect our business, results of operations, financial condition and liquidity, perhaps materially.
−Removed: The future impact of COVID-19 and these containment measures cannot be predicted with certainty and may adversely affect our business, results of operations, financial condition and liquidity, and we cannot assure that we will have access to external financing at times and on terms we consider acceptable, or at all, or that we will not experience other liquidity issues going forward.
In addition to the other information set forth in this report, you should carefully consider the factors set forth in Part I, “Item 1A.
−Removed: Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended September 30, 2019 and Part II, "Item 1A.
−Removed: Risk Factors" in our Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2020, which could materially affect our business, financial condition or future results.
−Removed: The risks described in our Form 10-K and Form 10-Q are not the only risks we face.
+Added: Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended September 30, 2020, which could materially affect our business, financial condition or future results.
+Added: The risks described in our Form 10-K are not the only risks we face.
Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial also may materially adversely affect our business, financial condition and/or operating results.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.