Etsy Files for E-Commerce IPO
Brooklyn-based e-commerce giant Etsy filed for an IPO on Wednesday. The company plans to list on the Nasdaq under the ticker, “ETSY,” in the coming weeks.
Amazon is Now Bigger than Wal-Mart
A testament to the strength of e-commerce, Amazon now has a greater market value than retail behemoth Wal-Mart, with about $266 billion compared to $236 billion.
PayPal Up 5% in Public Debut
PayPal went public on the Nasdaq on Monday, after completing its split from eBay. Acquired by eBay for $1.5 billion in 2002, PayPal has grown to a company with a market cap of $49 billion, now larger than eBay’s $34 billion value.
What On Earth is Jet.com?
Amazon's newest rival Jet.com will launch its e-commerce site on Tuesday with everybody asking the same question of what exactly the company does.
Jack Dorsey's Square Filed for IPO
Square, the mobile payments startup created by Twitter interim CEO Jack Dorsey, has filed confidentially for an initial public offering, FOXBusiness.com has learned. The company is looking to go public this fall, pending market conditions.
Amazon Prime Day Beats Black Friday
Amazon's Prime Day delivers sales but the impact to the company's bottom line remains unclear.
Is Amazon Really an Awful Place to Work?
A lengthy New York Times article published on Sunday, described Amazon as a draconian place to work. But is it a fair characterization of the tech giant?
Liberty-Owned QVC Acquires Zulily for $2.4B
Liberty Interactive Corporation announced Monday that it had entered an agreement to purchase e-commerce brand Zulily for $2.4 billion, in a cash and stock deal. The acquisition will be attributed to Liberty’s QVC Group, the shopping television channel.
Leaked Documents Show Uber’s Cost Structure, Best-Performing Cities
FOXBusiness.com has obtained leaked documents that Uber is using to persuade investors to participate in its Uber China financing.
Should Birchbox be Worried About Sephora?
Sephora is stepping into the subscription box market, leaving many to wonder if beauty box pioneer Birchbox should be worried.
Retail Arbitrage: The Ticket Scalping of Fashion
This growing practice is not on the minds of most consumers, but could affect their everyday lives by driving up the price of items on the secondary market.
Amazon May Force Walmart, Target to Jumpstart Black Friday
Amid Amazon.com's November 2 announcement that it has already kicked off the 2015 holiday season with its Black Friday Deals Store, consumers may be wondering if Black Friday is losing its significance.
Amazon Has a New Fleet of Branded Trucks
Amazon unveiled a new fleet of branded truck trailers that will haul packages from the company’s massive fulfillment centers.
Expect More Choppiness for Stocks
At best, you could say 2015 is off to a choppy start, and investors should expect more pain ahead.
Apple Said to Add Beats Music to iPhone, iPad
Apple Inc will bundle the subscription music service it bought from Beats into its iOS operating system early next year, the Financial Times reported.
Some U.S. Retailers Shun Apple Pay, Eye Rival Payments System
U.S. drugstore chain Rite Aid will ban Apple's new electronic payments service in its 4,572 stores as it commits to joining a consortium of other large retailers developing a rival payments system.
Apple Tries to Lift Online Sales by Reducing Refund Times
In an attempt to boost its online sales, Apple has cut in half the time it takes to give refunds to customers who want to return their iPhones and other gadgets.
Where Have all the Young U.S. Technology Companies Gone?
The number of technology firms aged five years or younger - key drivers of job creation - has fallen to below 80,000, down from a high of 113,000 in 2001, according to a new report.
Best Buy revenue misses estimates as customers shift online
Best Buy reported lower-than-expected quarterly revenue for the third-straight quarter citing a drop in traffic in its stores as more people shop online.
Amazon Unveils Card-Swiping Device
Amazon unveiled a $10 credit-card reader and app for bricks-and-mortar stores, the latest step to expand its presence in the physical world.