Deepa's Feed
Oct 17, 2014

Amazon expands grocery delivery service to Brooklyn

SAN FRANCISCO (Reuters) – Amazon.com Inc is expanding its online grocery delivery program to Brooklyn’s well-heeled Park Slope neighborhood on Friday, giving the No. 1 U.S. online retailer a foothold in one of the wealthiest and densest markets in the United States.

The AmazonFresh program, which offers same-day or next-day delivery on more than 500,000 items including fresh and frozen groceries, will soon expand to other areas in Brooklyn.

Oct 15, 2014

eBay trims 2014 revenue outlook amid economic fears

SAN FRANCISCO (Reuters) – EBay Inc trimmed its full-year revenue forecast on Wednesday, signaling a weaker-than-expected holiday shopping season for the e-commerce company as it prepares to split from its fast-growing payments arm, PayPal.

EBay’s report comes as weak economic data from the United States and China fan fears of a global slowdown, forcing investors to re-examine the world economy only just emerging from one of the worst recessions in history.

Oct 6, 2014

Gwyneth Paltrow’s Goop names new CEO, plans e-commerce push

By Deepa Seetharaman

(Reuters) – Goop, the lifestyle blog and online shopping site founded by actress Gwyneth Paltrow in 2008, named a new chief executive officer on Monday to spearhead an e-commerce expansion that includes Goop-branded apparel.

Lisa Gersh, who was previously CEO and president of Martha Stewart Living Omnimedia and co-founder of Oxygen Media, will expand the site’s tie-ups with fashion designers including Stella McCartney and Diane von Furstenberg next year.

Oct 1, 2014

PayPal spawn have advanced where PayPal stood still

SAN FRANCISCO (Reuters) – PayPal’s biggest threat as it prepares to split from eBay (EBAY.O: Quote, Profile, Research, Stock Buzz) next year may come from former employees who back a crop of new businesses serving shoppers who increasingly prefer to pay with mobile phones rather than personal computers.

Though none of the new companies have the breadth of services offered by PayPal, which has more than 152 million users and deep ties to merchants like Home Depot both online and off, they are entering areas that the once-nimble online-payments service should own – but doesn’t.

Oct 1, 2014

Analysis – PayPal spawn have advanced where PayPal stood still

SAN FRANCISCO (Reuters) – PayPal’s biggest threat as it prepares to split from eBay next year may come from former employees who back a crop of new businesses serving shoppers who increasingly prefer to pay with mobile phones rather than personal computers.

Though none of the new companies have the breadth of services offered by PayPal, which has more than 152 million users and deep ties to merchants like Home Depot both online and off, they are entering areas that the once-nimble online-payments service should own – but doesn’t.

Sep 30, 2014

EBay follows Icahn’s advice, plans PayPal spinoff in 2015

Sept 30 (Reuters) – EBay Inc plans to spin off its
PayPal unit next year, bowing to activist investor Carl Icahn’s
argument that the move would free the fast-growing payments
business to compete more fiercely in the competitive mobile
payments market.

The move, announced on Tuesday, is an about-face for eBay’s
top leadership, including Chief Executive Officer John Donahoe,
who publicly resisted Icahn’s push earlier this year and led a
campaign to convince investors that eBay and PayPal should
remain together.

Sep 24, 2014

Dissident artist Ai Weiwei brings exhibit to Alcatraz

ALCATRAZ (Reuters) – One of China’s most famous dissidents has appropriated the United States’ most famous former prison as a way to highlight the plight of activists held in detention.

Starting Sept. 27, the former island penitentiary turned U.S. national park in San Francisco Bay will offer visitors the opportunity to view seven installations custom-designed by the artist and activist Ai Weiwei.

Sep 24, 2014

Exclusive: Amazon tests smart home gadgets, expands hardware lab

SAN FRANCISCO (Reuters) – Amazon.com Inc will boost staffing at its secretive Silicon Valley-based hardware unit by at least 27 percent over the next five years as it tests Internet-connected “smart” home gadgets such as a one-button device to order supplies.

The plans, detailed in a little-known government document and by people familiar with the matter, signal Chief Executive Officer Jeff Bezos’s intentions to double down on the No. 1 U.S. online retailer’s hardware strategy. This is despite the lukewarm reception of Amazon’s new Fire smart phone and some investors’ criticism of its heavy spending on highly experimental projects.

Sep 18, 2014

Alibaba set to price IPO shares amid investor frenzy

By Deepa Seetharaman

(Reuters) – Chinese e-commerce giant Alibaba Group Holding Ltd is set to sell some $22 billion of shares on Thursday, capping a two-week road show that drew frenzied interest from investors worldwide and may be the world’s largest ever initial public offering.

The shares are expected to be priced after the markets close at 4 p.m. Thursday and start trading on the New York Stock Exchange on Friday under the ticker “BABA.”

Sep 18, 2014

Amazon expands Kindle lineup, boosts price of basic e – reader

NEW YORK (Reuters) – Amazon.com Inc ramped up its push into hardware on Wednesday with the debut of six new or upgraded devices, including a high-end $199 (122.32 pounds) e-reader called the Kindle Voyage and its cheapest-ever touch-screen tablet.

The No. 1 U.S. online retailer also revamped its basic Kindle e-reader to include a touch screen. It will cost $79, about 15 percent more than the current basic model.

    • About Deepa

      "Deepa Seetharaman is a San Francisco-based reporter covering e-commerce companies, including Amazon.com Inc and eBay Inc. She previously covered the auto industry from Detroit and wrote about airlines, hotels and the U.S. stock market from New York. She joined Reuters in June 2008 after studying journalism and history at Northwestern University."
    • Contact Deepa

    • Follow Deepa