Alistair's Feed
Apr 17, 2013

EBay forecast disappoints, shares slip

SAN FRANCISCO (Reuters) – EBay Inc on Wednesday gave a disappointing earnings forecast for the second quarter, and its shares slipped in after-hours trade.

The e-commerce company forecast a second-quarter profit of 61 to 63 cents per share and revenue of $3.8 billion to $3.9 billion.

Apr 16, 2013

Amazon gains against Apple’s iTunes in music downloads

SAN FRANCISCO (Reuters) – Amazon.com Inc has grabbed more than a fifth of the market for digital music downloads, helped by the launch of its own tablet computers and aggressive pricing, according to an industry study released on Tuesday.

AmazonMP3, the online retailer’s digital music business, had 22 percent of the market for music downloads in the United States in last year’s fourth quarter, research firm the NPD Group said in its Annual Music Study.

Apr 12, 2013

Amazon lifts executive stock awards as Apple rivalry heats up

SAN FRANCISCO (Reuters) – Amazon.com Inc increased stock compensation for key executives in 2012 as the world’s largest Internet retailer stepped up competition with Apple Inc, according to a regulatory filing on Friday.

In the filing with the Securities and Exchange Commission, Amazon added Apple to the peer group it uses to help determine how much to pay executives.

Apr 12, 2013

Amazon lifts executive stock awards as Apple rivalry heats up

SAN FRANCISCO, April 12 (Reuters) – Amazon.com Inc
increased stock compensation for key executives in 2012 as the
world’s largest Internet retailer stepped up competition with
Apple Inc, according to a regulatory filing on Friday.

In the filing with the Securities and Exchange Commission,
Amazon added Apple to the peer group it uses to help determine
how much to pay executives.

Apr 11, 2013

PayPal acquisition brings ‘growth hackers’ into the fold

SAN FRANCISCO (Reuters) – PayPal said on Thursday it acquired start-up Iron Pearl, bringing noted “growth hackers” Stan Chudnovsky and James Currier on board to help the online payments service expand more quickly.

PayPal, part of eBay Inc, did not disclose a purchase price.

PayPal is a dominant online payments service with more than 120 million users, but its growth has slowed in recent years and the company’s new president, David Marcus, is looking for ways to revive that.

Apr 11, 2013

Foursquare resorts to debt in latest financing

SAN FRANCISCO (Reuters) – Foursquare said on Thursday it raised $41 million in a new financing round that relied on debt, rather than equity, to give the location-based start-up the money it needs to keep expanding.

The cash came from a new investment by technology private-equity firm Silver Lake, through its Waterman growth debt fund, as well as existing investors Andreessen Horowitz, O’Reilly AlphaTech Ventures, Spark Capital, and Union Square Ventures, Foursquare founder Dennis Crowley wrote in a blog.

Apr 11, 2013

Analysis – PayPal hopes to break U.S. shoppers’ swipe habit in stores

SAN FRANCISCO (Reuters) – PayPal will soon be ubiquitous in U.S. retail stores, but just being there may not be enough.

The online payment service will take a giant step beyond its Internet roots on April 19, when a partnership with Discover Financial Services (DFS.N: Quote, Profile, Research) officially kicks in. The deal means PayPal will be accepted as a payment option in roughly 2 million retail stores that already take Discover credit cards.

Apr 11, 2013

Analysis: PayPal hopes to break shoppers’ swipe habit in stores

SAN FRANCISCO (Reuters) – PayPal will soon be ubiquitous in U.S. retail stores, but just being there may not be enough.

The online payment service will take a giant step beyond its Internet roots on April 19, when a partnership with Discover Financial Services officially kicks in. The deal means PayPal will be accepted as a payment option in roughly 2 million retail stores that already take Discover credit cards.

Apr 11, 2013

PayPal hopes to break US shoppers’ swipe habit in stores

SAN FRANCISCO, April 11 (Reuters) – PayPal will soon be
ubiquitous in U.S. retail stores, but just being there may not
be enough.

The online payment service will take a giant step beyond its
Internet roots on April 19, when a partnership with Discover
Financial Services officially kicks in. The deal means
PayPal will be accepted as a payment option in roughly 2 million
retail stores that already take Discover credit cards.

Apr 3, 2013

PayPal tests merchant financing as Kabbage raises debt

SAN FRANCISCO, April 3 (Reuters) – EBay Inc’s
payments business, PayPal, already lends money to online
shoppers, but it is now starting to finance the merchants who
sell on the company’s online marketplaces.

PayPal has already tested a financing program for eBay
sellers in the UK and it plans similar tests in the United
States this year, a company spokesman said on Tuesday.