CEO John Donahoe, speaking at the TechCrunch Disrupt conference in New York earlier today, said the store will launch this summer and will allow eBay to reach consumers away from its traditional Web site. Donahoe at the time did not name the retailer.
An eBay spokesperson later told CNET that Kate Spade Saturday will be the partner for the pop-up shop. The spokesperson didn't provide other details about the … Read more
Fab says it's changing direction again and this time it's to fully cement itself as a design-focused online retailer with new Fab-exclusive products and the acquisition of a German startup that sells custom-made furniture.
"This time, we would do it gradually -- over 16 months it turns out, and with 600 amazing teammates alongside us -- but methodically, from our start as this interesting flash sales website for design to The World's #1 Design Store," CEO Jason Goldberg wrote in a blog post Tuesday. "We planned this pivot and mapped out how to do … Read more
Dennis Crowley, who also is a co-founder of the check-in and local search app, noted that Foursquare "doesn't talk about growth numbers that much," but the company pays attention to the number of active users, signups, check-ins, people using search and other metrics. All are rising, he said.
"There's a little perception we're not growing, which is false," Crowley said … Read more
NEW YORK -- Uber is growing pretty fast -- so fast that it may be Benchmark Capital's fastest-growing company ever, one of the VC firm's general partners said Monday.
Bill Gurley, speaking with TechCrunch's Michael Arrington at the blog's Disrupt conference here, said Uber, the taxi-booking service, is "probably the highest, fastest-growing company we've ever worked with," even more than eBay, an earlier Benchmark investment.
Uber is a taxi-hailing app that helps potential passengers locate a ride in real time. They simply put their location into an app, which is then sent to … Read more
Quick-serve restaurants could start benefiting from Square's mobile payments service thanks to an update to its Square Register service.
According to Square, the update is aimed at helping restaurant managers better serve customers -- and process orders more quickly and efficiently -- with a set of tools created just for them. Square said that the new features allow for quickly customizing orders with order modifiers, even as a line keeps moving. And the service helps with more accurate recording or orders, as well as easier communication between servers and the kitchen, the San Francisco startup said.
Among the new … Read more
Even as Amazon keeps spending to expand operations, its first quarter results, announced Monday, beat analysts' earnings expectations.
Net income dropped 37 percent to $82 million, or 18 cents a share. That still topped analyst expectations of 9 cents a share. Sales climbed 22 percent to $16.1 billion just a smidgen below consensus expectations of $16.2 billion.
The online retail giant is seemingly always in investment mode, and this quarter was no exception. The company acquired Goodreads, a social network for people who love books. It inked new deals for its Prime Instant Video service with A+E … Read more
The device will plug into TVs and will give users access to Amazon's video catalog, including its Video on Demand store and Instant Video service, Bloomberg said, citing sources. Amazon's Lab126 division, based in Cupertino, Calif., is developing the product, the news service said, with Malachy Moynihan running the project. Moynihan is a former vice president of emerging products at Cisco as well as a former Apple employee. … Read more
Gather 'round, children. Let me tell you a story. There once was this Web site called Woot. All the geek boys and girls (including this one) gathered there at midnight Central Time to refresh their pages and delight in the new deal of the day. They poured in for great festivals called Woot-Offs and chatted together to their hearts' delight. It was a time of magic and commerce and geekery run wild.
Not all good things last, though. One day, this geek gal woke up and realized she forgot to check in on Woot the night before, so she went to the site. There was a Woot-Off going on, but she didn't jump into the comments section to join in. Instead, she said "meh," and went back to work. Woot had lost its luster. Here's why.… Read more
The on-again, off-again scenario of whether to allow taxi-hailing apps to set up shop for a pilot program in New York City is back on again.
State Supreme Court Judge Carol Huff dismissed a lawsuit Tuesday that sought to halt the pilot program, which was filed by a group of mostly livery-car companies, according to the Associated Press. This means that startups like Uber, GetTaxi, and Hailo can now commence with e-hails.
The way the taxi-hailing apps work is by letting potential passengers put their location information into the app, which is then sent to yellow cabs. The first taxi … Read more
eBay is trying to marshal its users to change federal sales tax legislation pending in the Senate that could usher in the first national Internet sales tax.
eBay CEO John Donahoe began sending e-mails to the online auctioneer's users on Sunday, asking they contact their federal representatives to express their opposition for the Marketplace Fairness Act. The proposed legislation, which the Senate is expected to vote on this week, would allow states to require online vendors to collect sales and use tax on certain out-of-state purchases. Only businesses with less than $1 million in annual U.S. sales would … Read more
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