Indias Meesho, which enables social commerce via WhatsApp, raises $50M

, , , , , , , , , , , , ,

Meesho, a Bangalore-based social commerce startup, has closed a $50 million investment to grow its business in its Indian homeland ahead of future international expansion. This Series C round means that Meesho, which graduated Y Combinator in 2016, has now raised three funding rounds in the past year. Its $3.4 million Series A came in […]

Read More...

As stock rises on a slim earnings beat, eBay tells analysts to focus on payments and ads

, , , , , , , , , , ,

Despite increasing competition from traditional retailers like Walmart and Target, which have invested heavily in e-commerce, and the whupping it’s routinely taking from Amazon among pure e-commerce companies, eBay the 20-year-old lumbering Pez dispenser of an e-tailer, keeps plugging along. Now, as it manages to eke out another earnings win by matching analysts’ expectations, the […]

Read More...

Alexa for Business opens up to third-party device makers

, , , , , , , , , , ,

Last year, Amazon announced a new initiative, Alexa for Business, designed to introduce its voice assistant technology and Echo devices into a corporate setting. Today, it’s giving the platform a big upgrade by opening it up to device makers who are building their own solutions that have Alexa built in. The change came about based […]

Read More...

Whole Foods v vegans: Berkeley store gets restraining order against activists

, , , , , ,

The order is the latest in a tense standoff with an animal rights group that has staged protests at the store for several years For a full week, a big black banner was posted from a sidewalk in Berkeley, California. OCCUPY WHOLE FOODS, it declared in large, white block letters. But the protesters who created […]

Read More...

Amazon investigates claims staff are leaking data for bribes

, , , , , , , ,

Employees are offering confidential information to sellers, according to report Amazon is investigating claims that employees have taken bribes for leaking confidential sales information, particularly in China, as it the Wall Street Journal reported, citing sellers, brokers and people familiar with internal investigations. The practice violates company policy and is common in China, where the […]

Read More...

The Truth About Amazon, Food Stamps, and Tax Breaks

, , ,

Since the early 2000s, Amazon has quietly received more than $1.5 billion in government subsidies, in exchange for bringing new jobs to cities and states across the country. At the same time, low-wage employees at Amazon's grueling warehouses have sometimes had to rely on a different kind of government benefit, like the Supplemental Nutrition Assistance […]

Read More...

A Bot Panic Hits Amazon’s Mechanical Turk

, , ,

For the past week, psychologists all over America have been freaking out. The cause of their agita was an observation by a psychology graduate student from the University of Minnesota named Max Hui Bai. Like many researchers, Bai uses Amazon’s Mechanical Turk platform, where individuals sign up to complete simple tasks, such as taking surveys […]

Read More...