Alistair's Feed
Sep 20, 2012

Exclusive: Facebook to charge merchants to run Offers

SAN FRANCISCO (Reuters) – Facebook Inc said it will start charging businesses to run Offers on its social network, turning a previously free service into a potential revenue generator at a time when Wall Street is demanding new sources of growth and profit from the company.

Facebook launched Facebook Offers earlier this year, letting retailers and other local merchants send deals to their Facebook fans. Users claim the offers from their News Feeds and redeem the vouchers at stores to get discounts.

Sep 19, 2012

Groupon launches credit card payment business

By Alistair Barr

(Reuters) – Groupon Inc (GRPN.O: Quote, Profile, Research, Stock Buzz) launched a credit card payment business on Wednesday, entering a crowded field to compete with eBay Inc’s (EBAY.O> PayPal and start-up Square Inc.

Groupon said the new service lets restaurants, salons and spas, retailers and other local businesses accept credit card payments at a lower rate than other providers.

Sep 18, 2012

Amazon to close fashion website endless.com

SAN FRANCISCO, Sept 18 (Reuters) – Amazon.com Inc
is closing its fashion website endless.com as the world’s
largest Internet retailer focuses on a new, upgraded apparel and
accessories section of its main website.

On Sept. 27, endless.com will become part of
Amazon.com/Fashion, according to a statement on the front page
of endless.com on Tuesday.

Sep 17, 2012

Groupon shares drop on concern about merchants

By Alistair Barr

(Reuters) – Groupon Inc (GRPN.O: Quote, Profile, Research, Stock Buzz) shares dropped 7 percent on Monday on concern about merchant demand for the company’s daily deals.

Raymond James analysts, led by Aaron Kessler, released a survey of more than 100 Groupon merchants on Monday showing these key partners have mixed feelings about working with the company.

Sep 14, 2012

Groupon working on global consumer deals

NEW YORK (Reuters) – Groupon Inc (GRPN.O: Quote, Profile, Research, Stock Buzz) is working on cross-border and multi-country deals as the world’s largest online daily deals provider looks for newer ways to build global market share and help retailers broaden their footprint, a top executive said.

“That really is where we have added advantage, being in 48 countries,” said Rajen Ruparell, vice president of global sales, speaking at the Reuters Retail and Consumer Summit in New York.

Sep 14, 2012

Apple snubs emerging mobile payment standard

SAN FRANCISCO/NEW YORK (Reuters) – EBay Inc Chief Executive John Donahoe often quotes a merchant saying NFC stands for “Not For Commerce” – and dismisses the prospects of Near Field Communication technology used to turn cellphones into mobile wallets.

He got some support this week from Apple Inc, which did not embed NFC chips into the iPhone 5.

Sep 13, 2012

EBay redesigns logo, reflecting marketplace shift

SAN FRANCISCO (Reuters) – EBay Inc executive Devin Wenig unveiled a new logo on Thursday, a re-design he said reflected a shift by the online marketplace away from auctions and collectibles toward full-priced, buy-it-now merchandise.

The new logo keeps eBay’s famous colors, red, blue, yellow and green, but the letters are thinner and arranged inline, rather than the previous, slightly jumbled approach.

Sep 13, 2012

Decide.com offering guarantee to beat online price swings

By Alistair Barr

(Reuters) – E-commerce start-up Decide.com is launching a guarantee on Thursday, claiming it will help online shoppers handle increasingly swift price swings known as dynamic pricing.

Decide.com crunches data to tell shoppers the best products to buy and also when to buy them.

Sep 12, 2012

Amazon’s new $199 tablet gets tepid reviews

SAN FRANCISCO (Reuters) – Amazon.com Inc’s latest $199 tablet computer got tepid reviews from some closely watched gadget reviewers, a potential hiccup for the world’s largest Internet retailer as it tries to grab a bigger share of one of the hottest technology sectors this holiday season.

David Pogue of The New York Times said the 7-inch Kindle Fire HD has no camera on the back, no GPS navigation, no speech recognition, and trails Apple Inc’s more-expensive iPad in thickness, screen size, screen sharpness, Web speed, software polish and application availability.

Sep 11, 2012

Groupon shares climb after CFO comments on growth in Europe

SAN FRANCISCO (Reuters) – Groupon Inc (GRPN.O: Quote, Profile, Research, Stock Buzz) shares rose 8 percent on Tuesday after Chief Financial Officer Jason Child told an investor conference that the company is taking steps that will help drive its growth in Europe.

Technology that helps Groupon send more relevant daily deals to U.S. subscribers is now being introduced in Europe.