ecommerce

Facebook's virtual currency, "Facebook Credits," is getting very close to its full launch: a post on the Facebook developer blog explains some of the full terms of the system and what developers can expect as the currency continues to roll out slowly.

"Today more than 500,000 applications exist on Facebook, and the virtual goods within those applications (particularly games) have become an increasingly valuable part of the user experience," the post explained. "By providing a single, cross-application currency, our goal is to [make] transactions simpler for users, leading to a higher conversion rate … Read more

There's a scene in the 1989 comedy "Troop Beverly Hills" in which rival bands of Wilderness Girls attempt to best one another in a fundraiser by selling boxes of the same cookies to the households of a single upper-crust neighborhood--and unfortunately for the underdog protagonists, their arch-enemies have beaten them to the punch at just about every house. That's what it may soon look like for the explosion of companies offering ultra-discounted, fire-sale daily deals for local businesses, which have fast become the Web's latest retail craze.

Here's how it works. You'll sign … Read more

Here's another one of Facebook's gradual moves into the e-commerce world: The company announced Thursday a "strategic relationship" with eBay-owned payment system PayPal to make its technology available for the purchase of self-service ads as well as the Facebook Credits currency.

"We want to give the people who use Facebook, as well as advertisers and developers, a fast and trusted way to pay across our service," Dan Levy, director of payment operations at Facebook, said in a release. "As our business has grown, offering local methods of payment has become increasingly important for … Read more

Discount coupon site Groupon has been in the press enough recently for its rapid growth, choice position in the venture capital spotlight, and the presence of a hundred thousand imitators, but it might be pushing its way into the media even more now. The Chicago-based company has launched what might be one of the most ridiculous social-media promotions that any brand has attempted to pull off: it's challenging a member to live off its deals for an entire year, and is offering a $100,000 prize if the guinea pig proves successful.

The contest winner, according to a promotion page, … Read more

On Tuesday, I was enlisted to help out with an event in conjunction with the New York arm of the "Social Media Week" conference-fest--called "Digital Divas," the cocktail affair was organized by a handful of women involved in various niches of technology and digital media. Yes, dudes were allowed too.

As the event grew closer, we decided that we wanted some kind of innovative way for guests to donate to support Doctors Without Borders' relief efforts in Haiti. So after some brainstorming we thought about using Square, the new mobile-payment company co-founded by Twitter Chairman Jack Dorsey. … Read more

eBay's latest move, some of the auction site's devotees say, is straight out of the Ministry of Truth's playbook.

The company made an announcement on Tuesday announcement about lowering the listing fees for items--even though, in many cases, final value fees will be raised. The company's discussion forums simmered with outrage over the executive decision, and frustration over the lack of other options for auction-style e-commerce.

"What a joke," commented one person on the eBay Seller Central forum, asking for advice about transferring the items from an eBay "store" to another … Read more

I'm only moderately familiar with vacation rental exchange HomeAway.com because a few of my longtime friends use it to book the house for our annual ski weekend (outdoor hot tub absolutely mandatory!) But it looks like this online service is going to get a big boost in publicity: Not only will it be running a TV commercial during the Super Bowl, but the commercial will feature actors Chevy Chase and Beverly D'Angelo in their roles as Clark and Ellen Griswold from "National Lampoon's Vacation," the 1983 comedy about a holiday gone horribly awry.

A … Read more

eBay announced Tuesday that it's lowered listing fees for U.S. residents using the auction site to sell products, with new plans geared toward both frequent and infrequent sellers.

A new rate called "eBay Every Day" offers no up-front fee for the sellers of auction-style (rather than flat-rate sale) listings with a starting price of 99 cents or less. Once they've been sold, a fee of 9 percent is appended, with a maximum fee of $50; if the item doesn't sell, no fee is charged to the seller. An individual can do this for up … Read more

news analysis Following months of speculation, The New York Times announced Wednesday that it plans to begin charging for access to its Web site, with a flat fee required for frequent online readers of the legendary publication. This comes more than two years after the Times did away with TimesSelect, a subscription program that put much of its archives as well as popular opinion columns behind a pay wall.

The media, as usual, has jumped on the bandwagon of predictions, declarations of success, and premature doom-mongering. There's been a slow clap from Columbia Journalism Review's Ryan Chittum, as … Read more