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eBay acquires Caramel to reduce risk and complexity of online car sales
<p>E-commerce giant eBay has announced plans to acquire Caramel, a startup that helps car sellers and buyers complete the final steps of the transaction — including verification, financing, paperwork, ownership transfer, insurance, and more. As eBay has grown through the years, it has had to evolve to remain competitive — last year, for instance, the […]</p>
Rahul Patil
Jan 132 min read
Snappy acquires swag-gifting startup Covver as it seeks to roll up players
<p>It’s now broadly accepted that customers and employees who receive corporate gifts end up appreciating the brand much more, and for not a lot of outlay. The market for this has thus exploded. One market player, the New York-based Snappy, which has raised over $125 million to date, is now acquiring Covver, a corporate merchandise […]</p>
Rahul Patil
Jan 112 min read
Snappy acquires swag-gifting startup Covver as it seeks to roll up players
<p>It’s now broadly accepted that customers and employees who receive corporate gifts end up appreciating the brand much more, and for not a lot of outlay. The market for this has thus exploded. One market player, the New York-based Snappy, which has raised over $125 million to date, is now acquiring Covver, a corporate merchandise […]</p>
Rahul Patil
Jan 112 min read
Shein is still looking to IPO
<p>Shein is still looking to IPO, Reuters reports. The company is looking to list on the London Stock Exchange (LSE) and could complete its IPO as early as April. The push for London comes after the company stopped trying to list in the U.S. as lawmakers raised concerns over Shein’s connections to China and labor […]</p>
Rahul Patil
Jan 101 min read
Shein is still looking to IPO
<p>Shein is still looking to IPO, Reuters reports. The company is looking to list on the London Stock Exchange (LSE) and could complete its IPO as early as April. The push for London comes after the company stopped trying to list in the U.S. as lawmakers raised concerns over Shein’s connections to China and labor […]</p>
Rahul Patil
Jan 101 min read
Automattic says it will reduce its contribution to WordPress core project to match WP Engine
<p>It’s a new year, but drama in the WordPress community keeps going. Automattic, the company that runs WordPress.com, said that it would reduce its contribution to WordPress core, the open source project that acts as the backbone of most of Automattic’s products and ensures the longevity of WordPress as a technology and community. Automattic CEO […]</p>
Rahul Patil
Jan 103 min read
Automattic says it will reduce its contribution to WordPress core project to match WP Engine
<p>It’s a new year, but drama in the WordPress community keeps going. Automattic, the company that runs WordPress.com, said that it would reduce its contribution to WordPress core, the open source project that acts as the backbone of most of Automattic’s products and ensures the longevity of WordPress as a technology and community. Automattic CEO […]</p>
Rahul Patil
Jan 103 min read
PrettyDamnQuick snaps up $25M to speed up online checkout
<p>A startup hoping to provide a credible alternative to Amazon has picked up funding to double down on the gap in the market. PrettyDamnQuick (PDQ) provides tech to retailers to let them customize and test different shipping and checkout flows, and now it has picked up a deal of its own: a $25 million Series […]</p>
Rahul Patil
Jan 94 min read
Flipkart hires Dunzo’s co-founder to lead quick commerce push
<p>Flipkart has hired Kabeer Biswas, the co-founder of Indian delivery startup Dunzo, as the Walmart-owned e-commerce group expands its quick-commerce business in the country. Biswas will lead Flipkart’s quick-commerce effort, called Flipkart Minutes, a source familiar with the matter told TechCrunch. The move comes nearly a year after Flipkart was considering a potential acquisition of […]</p>
Rahul Patil
Jan 92 min read
Facebook Marketplace to display eBay listings to appease EU regulators
<p>Meta is set to start displaying eBay listings in its own Facebook Marketplace classifieds platform, in an effort to appease European regulators. Back in November, Meta was hit with a €798 million fine by the European Commission (EC) in Europe for breaching antitrust rules. The EC contended that Meta created “unfair trading conditions” by connecting […]</p>
Rahul Patil
Jan 81 min read
Facebook Marketplace to display eBay listings to appease EU regulators
<p>Meta is set to start displaying eBay listings in its own Facebook Marketplace classifieds platform, in an effort to appease European regulators. Back in November, Meta was hit with a €798 million fine by the European Commission (EC) in Europe for breaching antitrust rules. The EC contended that Meta created “unfair trading conditions” by connecting […]</p>
Rahul Patil
Jan 81 min read
Livestream shopping app Whatnot raises $265M, pinning valuation at nearly $5B
<p>Whatnot, the platform that allows users to sell items such as trading cards, comics, and sneakers through live videos, announced on Wednesday that it has secured $265 million in a Series E funding round, a significant investment for a livestream shopping platform. This round puts Whatnot’s valuation at $4.97 billion. The investment marks an important […]</p>
Rahul Patil
Jan 82 min read
Livestream shopping app Whatnot raises $265M, pinning valuation at nearly $5B
<p>Whatnot, the platform that allows users to sell items such as trading cards, comics, and sneakers through live videos, announced on Wednesday that it has secured $265 million in a Series E funding round, a significant investment for a livestream shopping platform. This round puts Whatnot’s valuation at $4.97 billion. The investment marks an important […]</p>
Rahul Patil
Jan 82 min read
Just Eat Takeaway completes Grubhub sale to Wonder for a modest $650M
<p>After looking for a buyer for more than two years, Just Eat Takeaway.com has finally closed the menu on Grubhub. On Tuesday, the Dutch food delivery giant said it completed the sale of the U.S. business to Wonder, the food startup founded and led by e-commerce veteran Marc Lore. The deal has an enterprise value […]</p>
Rahul Patil
Jan 71 min read
Just Eat Takeaway completes Grubhub sale to Wonder for a modest $650M
<p>After looking for a buyer for more than two years, Just Eat Takeaway.com has finally closed the menu on Grubhub. On Tuesday, the Dutch food delivery giant said it completed the sale of the U.S. business to Wonder, the food startup founded and led by e-commerce veteran Marc Lore. The deal has an enterprise value […]</p>
Rahul Patil
Jan 71 min read
Online spending grew 3% to a record $1.2T over holiday period, says Salesforce
<p>Online spending rose 3% to a record $1.2 trillion globally over the holiday period, with U.S.-sales, specifically, growing 4% to $282 billion. That’s according to a new report from Salesforce, which aggregated data from across its various cloud services, including Agentforce, Commerce Cloud, Marketing Cloud, and Service Cloud, to garner insights into spending activity spanning […]</p>
Rahul Patil
Jan 62 min read
Online spending grew 3% to a record $1.2T over holiday period, says Salesforce
<p>Online spending rose 3% to a record $1.2 trillion globally over the holiday period, with U.S.-sales, specifically, growing 4% to $282 billion. That’s according to a new report from Salesforce, which aggregated data from across its various cloud services, including Agentforce, Commerce Cloud, Marketing Cloud, and Service Cloud, to garner insights into spending activity spanning […]</p>
Rahul Patil
Jan 62 min read
Avataar releases new tool to create AI-generated videos for products
<p>Generative AI models have reached a baseline capability of producing at least a passable video from a single image or short sentence. Companies building products around these models are claiming that anyone can make a snazzy promo video if they have some images or recordings — and videos usually perform better than static images or […]</p>
Rahul Patil
Jan 63 min read
YouTuber LegalEagle sues PayPal over ‘sleeping leech’ Honey extension
<p>A new lawsuit alleges that the PayPal-owned browser extension Honey is cheating creators out of money. Honey, which PayPal acquired for $4 billion in 2019, works by automatically presenting users with relevant coupon codes as they shop. However, in a video posted last month, YouTuber MegaLag described Honey as a “scam” that’s “stealing money from […]</p>
Rahul Patil
Jan 52 min read
YouTuber LegalEagle sues PayPal over ‘sleeping leech’ Honey extension
<p>A new lawsuit alleges that the PayPal-owned browser extension Honey is cheating creators out of money. Honey, which PayPal acquired for $4 billion in 2019, works by automatically presenting users with relevant coupon codes as they shop. However, in a video posted last month, YouTuber MegaLag described Honey as a “scam” that’s “stealing money from […]</p>
Rahul Patil
Jan 52 min read
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