Alistair's Feed
Jul 23, 2012

Bezos in recruiting drive on Amazon front page

By Alistair Barr

(Reuters) – Amazon.com Inc (AMZN.O: Quote, Profile, Research, Stock Buzz) Chief Executive Officer Jeff Bezos launched a recruiting drive on the front page of the company’s website on Monday as the largest Internet retailer seeks staff for its vast and expanding network of warehouses.

Bezos unveiled the Amazon Career Choice Program, which pays up to $8,000 over four years for employees to take technical and vocational courses in high-demand areas including engineering, information technology, transportation and accounting. Amazon’s “full-time hourly associates” in the United States who have worked at the company for three years qualify for the program.

Jul 23, 2012

Amazon’s mobile ambitions grow

SAN FRANCISCO (Reuters) – Amazon.com Inc (AMZN.O: Quote, Profile, Research, Stock Buzz) plans to expand its mobile platform and broaden its offering of devices beyond e-readers and the Kindle Fire tablet, analysts, developers and retail partners said ahead of results next week from the world’s largest Internet retailer.

Amazon is to introduce up to five or six tablet SKUs, or stock-keeping units, according Demos Parneros, president of U.S. Retail for Staples Inc (SPLS.O: Quote, Profile, Research, Stock Buzz), which sells the Fire.

Jul 18, 2012

EBay avoids Europe woes as Marketplaces business grows

SAN FRANCISCO, July 18 (Reuters) – EBay Inc posted
better-than-expected quarterly results as more consumers shopped
on its online marketplaces and paid with its PayPal payment
service, and the operator of the world’s largest online
marketplace stuck to its full-year forecasts as it avoided a hit
from Europe’s economic woes.

EBay said on Wednesday second-quarter revenue jumped 23
percent to $3.4 billion, while profit climbed 16 percent to $730
million, or 56 cents per share. That topped Wall Street
estimates.

Jul 18, 2012

EBay shares climb ahead of results

SAN FRANCISCO (Reuters) – EBay Inc (EBAY.O: Quote, Profile, Research, Stock Buzz) shares climbed on optimism about the e-commerce company’s results, due later Wednesday.

A blog on Wednesday by Scot Wingo, chief executive of e-commerce software provider ChannelAdvisor, highlighted a June speech by eBay executive Devin Wenig in which he said the active user base on eBay’s online marketplace was growing at more than 10 percent, year over year.

Jul 17, 2012

LivingSocial launches Shop, a rival to Groupon Goods

SAN FRANCISCO (Reuters) – LivingSocial, the second-largest daily deal company, launched its first product sales business on Tuesday, a move that creates a new competitor to Groupon Inc’s Goods business.

LivingSocial Shop will sell discounted merchandise in deals that are tied to a theme. The first collection is called Beach Bound and includes towels, beach toys and a water bottle.

Jul 13, 2012

eBay’s hottest business brings benefits, risks

SAN FRANCISCO (Reuters) – “Neither a borrower nor a lender be” is a well-known warning from Shakespeare’s “Hamlet.”

PayPal, eBay Inc.’s online payment service, heeded that advice for much of its existence, charging fees for processing transactions rather than lending money that may not be repaid.

Jul 11, 2012

Groupon shares hit new low on Europe concern

SAN FRANCISCO (Reuters) – Groupon Inc shares hit a record low on concerns about economic weakness in Europe, where the leading online daily deal company gets about one-quarter of its revenue, analysts said on Wednesday.

Groupon was down 5.5 percent to $7.85 during afternoon trading on Wednesday after hitting a record low of $7.72.

Jul 9, 2012

Microsoft loss reflects Web display ad world’s woes

SAN FRANCISCO, July 9 (Reuters) – Microsoft Corp (MSFT.O: Quote, Profile, Research)
shelled out a record $6.3 billion for aQuantive i n 2007 a t the
height of a race with Google Inc (GOOG.O: Quote, Profile, Research) and Yahoo Inc (YHOO.O: Quote, Profile, Research)
to clinch the to p spot in Internet display advertising, betting
on what many thought was a red-hot business.
The writedown of almost all of that deal’s value , announced
this week, shows h ow misguided those expectations were, and how
brutal the once-thriving business of selling banner ads on
websites has become.
The main culprit is an explosion of advertising space offered
by Facebook Inc (FB.O: Quote, Profile, Research) and other websites that is outpacing
steady demand. But automated online exchanges, smarter search
advertising and a growing skepticism about the effectiveness of
jamming ads in people’s faces have also conspired to slash
prices and suck profits out of the business.
“The inventory or amount of ad spots grew so fast, it outgrew
demand,” s aid Dave Morgan, an i ndustry veteran and entrepreneur.
“That brought pricing down massively. So a lot of display
advertising really became a ghetto for bad direct-response
advertising.”
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Graphic on U.S. display advertising revenues, click on:
r.reuters.com/nud39s
FACTBOX-Google, Facebook vie to rule U.S. Web display-ad arena
[ID: L2E8I6ATM]
Microsoft takes $6.2 bln charge, slows Internet hopes
[ID: L3E8I26FM]
Microsoft stumbles into crucial financial year [ID: L2E8HS7HO]
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Morgan founded Tacoda, an online advertising firm that AOL
(AOL.N: Quote, Profile, Research) acquired in 2007 for $275 million. He is now in TV
advertising as th e C EO of SimulMedia.

Jul 8, 2012

Analysis – Microsoft loss reflects Web display ad world’s woes

SAN FRANCISCO (Reuters) – Microsoft Corp shelled out a record $6.3 billion for aQuantive in 2007 at the height of a race with Google Inc and Yahoo Inc to clinch the top spot in Internet display advertising, betting on what many thought was a red-hot business.

The writedown of almost all of that deal’s value, announced this week, shows how misguided those expectations were, and how brutal the once-thriving business of selling banner ads on websites has become.

Jul 8, 2012

Analysis: Microsoft loss reflects Web display ad world’s woes

SAN FRANCISCO (Reuters) – Microsoft Corp shelled out a record $6.3 billion for aQuantive in 2007 at the height of a race with Google Inc and Yahoo Inc to clinch the top spot in Internet display advertising, betting on what many thought was a red-hot business.

The writedown of almost all of that deal’s value, announced this week, shows how misguided those expectations were, and how brutal the once-thriving business of selling banner ads on websites has become.