Ebay to sell South Korean arm for $5bn in latest major strategic change
Ebay has put its South Korean unit on the market for nearly $5 billion (£3.91 billion) in its latest drastic reorganisation effort. The retailer is selling 100 per cent of…
1 million items removed from Amazon for false coronavirus claims
Amazon has banned more than 1 million products from its marketplace over false claims about their ability to help fight coronavirus. Last week the online giant announced that it would…
Etsy to force sellers to advertise off-site taking 15% cut
Etsy has told its sellers that it will begin advertising their goods automatically offsite and taking a cut of up to 15 per cent on every sale. Amid the online…
66% of products bought on Amazon, Ebay, Wish and AliExpress fail safety tests
Two out of every three products bought on Amazon, Ebay, AliExpress and Wish failed to to pass relevant safety tests, according to Which? Of the 250 products the consumer watchdog…
Amazon accounts for 14% of all UK online menswear spend as it challenges Asos
Amazon is forecast to have accounted for more 13.8 per cent of all online menswear sales in 2019 as analysts warn of its growing dominance in fashion. GlobalData’s latest report…
Ebay close to selling $10 billion classified-ads business
Ebay has seen its share price jump more than two per cent after reports emerged that it was in talks with multiple parties regarding the sale of its classified-ads business.…
Amazon to remove any listings including false medical claims about coronavirus
Amazon is removing any listings which include false claims about their ability to protect users from the deadly coronavirus. Third-party sellers received an email from Amazon earlier this week informing…
42% drop in Groupon shares as it announces it will stop selling physical goods
Groupon will no longer sell any physical items as the discount ecommerce marketplace shifts its focus solely onto experiences. Rich Williams, the Chicago-based company’s chief executive, announced earlier this week…
Instagram overtakes Facebook’s audience for first time despite lagging in ad spend
Instagram has officially overtaken Facebook in audience size for the first time despite falling well behind in terms of advert spend. Facebook has now been surpassed by Instagram, which it…
Amazon wins landmark injunction halting $10bn US defense contract with Microsoft
Amazon has won a landmark ruling after an injunction was granted blocking the US government from proceeding with a $10 billion defense contract with rival Microsoft. Yesterday a federal judge…