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In the aftermath of the dot-com shakeout, surviving e-tailers have swooped in to buy the assets of defunct companies, relaunching once-dead sites to capitalize on existing brand names or e-tail foundations. So far, anecdotal evidence seems to show that when the price is right, bringing dead dot-coms back to life can be a sound strategy. Almost a y...
January saw not only the usual annual rush to tax-related Web sites, but also an unexpected jump in traffic to several Internet travel companies, according to data released Wednesday by Jupiter Media Metrix (Nasdaq: JMXI). In fact, four travel-related sites ranked among the fastest-growing sites in terms of traffic during the month.
Auction giant EBay (Nasdaq: EBAY) on Tuesday said it will begin integrating its Half.com fixed-price site with its main operations in coming weeks, but will not push forward right away with plans to entirely eliminate the Half.com brand. In a note to users on its site, EBay said it plans to keep the Half.com site running as a separate entity, thou...
Yahoo! (Nasdaq: YHOO) announced it has acquired more than 98 percent of all outstanding shares of HotJobs (Nasdaq: HOTJ) stock and will move quickly to fold the job board into its network of sites When a tender offer expired at midnight Friday, Yahoo! had acquired 32.9 million shares of HotJobs stock, with another 5.4 million pledged to be sold, ac...
BarnesandNoble.com (Nasdaq: BNBN) continued to shake up its management ranks Thursday, naming a new chief financial officer just days after it installed a permanent CEO. The moves come a week after the bookseller announced a smaller fourth-quarter loss. However, the company saw its stock price tumble on word that it may have lost market share in t...
Poor PayPal. Unlike scores of Internet companies before it, the online payment company is about to go public in a realistic market environment. Worse, the company is coming out into a market watched as closely by lawyers as it is by investors, where even the slightest hint of a first-day run-up could raise all kinds of suspicions.
The vast majority of consumers who shop on the Web want online companies to do more to verify identities on the Internet, even if it means more work for shoppers, according to a report from Jupiter Media Metrix (Nasdaq: JMXI). Current systems, which rely heavily on passwords being remembered by shoppers, do not go far enough in providing adequate ...
Shares of Homestore.com (Nasdaq: HOMS) hit a 52-week low Tuesday after the online real estate firm, already buffeted by an ongoing review of its accounting practices, said it will lay off 300 more workers and will spin off some assets. Although the Westlake, California-based company said the layoffs will occur during the current quarter, it did no...
Who knows, politically speaking, where the Enron mess will lead? But one thing seems certain: The way companies keep their books will get a very careful look Even with a business-friendly Republican administration in office, some form of more stringent government oversight is likely to take the place of the code of honor, secret-handshake-society s...
Whether they ply e-commerce in the travel, e-tail or auction sectors, most of the firms reporting strong 2001 earnings had one thing in common: gains in overseas sales that likely can sustain growth well into the future. Underscoring the importance of worldwide growth, Amazon.com (Nasdaq: AMZN), which saw an 85 percent jump in international sales ...
Amid new questions about the e-tail giant's cash position, Amazon.com (Nasdaq: AMZN) CFO Warren Jenson told analysts and investors that sales will continue to grow while expenses will not, indicating that the company expects strong cash flow in the coming quarters. "Our business is fundamentally simple," Jenson said at the Goldman Sachs technology...
Sex sells. Online or off, that hasn't changed. But is adult content still the biggest moneymaker on the Web? Finding solid answers is difficult. Most major market research firms do not track traffic to or sales at pornography sites. And many adult sites are controlled by holding companies that make a point of being hard to find.
No one expected all of the thousands of dot-coms that sprang up, seemingly out of nowhere, to survive. No one even expected the majority of them to survive. But how much consolidation is too much? Is the e-commerce landscape in danger of turning from a forest too thick to see through into a grove with just a few very large trees? ...
The number of dot-com job losses fell sharply in January, marking the third straight month of decline, according to a report released Wednesday by outplacement firm Challenger, Gray & Christmas. During January, 1,802 Internet job cuts were announced -- 25 percent fewer than the 2,403 made public in December 2001.
Internet and media giant AOL Time Warner (NYSE: AOL) reported a net loss of US$1.8 billion for the fourth quarter, in line with analyst expectations. Nearly all of the loss was due to investment losses and merger costs. Overall, AOL's earnings increased 14 percent, from $2.4 billion to $2.8 billion, despite the ad slump. The fourth-quarter loss of...
E-commerce grew by 12 percent in 2001 despite a sluggish U.S. economy and a dismal performance by offline retail, according to a new report from Forrester Research. In recapping 2001, Forrester analyst Carrie Johnson said online retail stood out "in a year that most retailers would otherwise like to forget."
Riding the coattails of key partner Amazon.com (Nasdaq: AMZN), pure-play e-tailer Drugstore.com (Nasdaq: DSCM) said it saw record sales in the fourth quarter and remains on track to become profitable sometime next year. "Our fourth-quarter results demonstrate that we can be both a high-growth retailer and drive significant operating improvements,"...
Who knows what time Jeff Bezos had to get out of bed Tuesday for the 5:30 a.m. conference call with analysts? Who knows how many cups of coffee it took to jump-start his day? By the time the sun rose over Seattle, however, Bezos and his executive team were whooping it up. The conference call ended with applause, cheers and someone giving a "runnin...
Online car sales site Autobytel (Nasdaq: ABTL) said Thursday that it turned its first operating profit in the fourth quarter. The company expressed optimism that it could remain profitable during the year ahead. Autobytel president and CEO Jeffrey Schwartz said the company now is generating 4 percent of all U.S. auto sales. In 2002, he added, the ...
Though overshadowed by word of Amazon's (Nasdaq: AMZN) first-ever profits, the e-tailer's offer of free shipping on large orders may have an even greater impact on the e-commerce landscape, according to analysts. Amazon's original offer of free shipping on most orders of US$99 or more, introduced last June and retracted a few weeks later, prompted...
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