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Internet auction leader EBay (Nasdaq: EBAY) said Monday it will present what is believed to be the first nationwide online auction of new homes EBay and Oakland, California-based iBidCo will partner to produce the "live" online auction of 20 new homes on December 17th. The homes are in the Los Angeles, California suburb of Tujunga and were built by...
Former Amazon.com (Nasdaq: AMZN) partner Overstock.com took dead aim at the leading e-tailer's core business Monday with the launch of a bookstore section and the promise that it would undercut Amazon's list prices. Salt Lake City, Utah-based Overstock, which was built on reselling overstocked and discounted items from struggling retailers, said i...
Internet portal Yahoo! (Nasdaq: YHOO) said Thursday it will cut 400 jobs worldwide as it refocuses resources away from unprofitable sectors. Yahoo! plans to add as many as 100 jobs in growing areas, however, including sales, resulting in a net job loss of about 300.
The 2001 online holiday shopping season began in earnest last week, with visits to Web stores surging 14 percent compared to the week before, according to a report released Thursday by Nielsen//NetRatings (Nasdaq: NTRT). Last year, the holiday traffic surge also first came during the second week in November, bringing a 10-percent increase....
Forever searching for more items to add to the list of "things that can be sold on EBay," the Internet auction giant has turned to the local liquor store. This month, EBay (Nasdaq: EBAY) will start a trial period in which hand-picked sellers will find out the answer to the burning question: Can wine be sold this way? ...
EBay (Nasdaq: EBAY) has grown faster than any other technology company in the United States over the past five years, according to a report released Wednesday by consulting firm Deloitte & Touche. In its annual Fast 500 listing of the fastest-growing high-tech firms, EBay far outpaced all others, recording a five-year growth rate of 115,874 percen...
Internet usage in the United States climbed to record levels in October, raising hopes for a strong holiday shopping season, two Web research firms said Tuesday. Both Jupiter Media Metrix (Nasdaq: JMXI) and Nielsen//NetRatings (Nasdaq: NTRT) reported record numbers of unique users surfing the Web during the month.
Everybody knows there is a clog in the e-commerce IPO pipeline, but who knows which firms will step forward with an initial public offering after the clog clears? What was a torrent of offerings in 1998 and 1999 slowed to a trickle in 2000, and now has stopped completely. In recent months, only PayPal, which filed for an IPO in late September, has ...
Contradicting earlier findings, a study released Monday reported that U.S. consumers are not heading to online bill payment sites because of recent anthrax mail scares. The Jupiter Media Metrix (Nasdaq: JMXI) study said that there has been "no noticeable increase in traffic" to the largest online billing sites since September 11th or the anthrax s...
Electronics retailer Outpost.com (Nasdaq: COOL) ended its run as a publicly held company Thursday after shareholders cleared the way for Fry's Electronics to complete its acquisition of the Web-only company. Outpost shareholders overwhelmingly approved the deal, worth just under US$8 million, at a meeting near the e-tailer's Kent, Connecticut, hea...
Business-to-business (B2B) incubator Internet Capital Group (Nasdaq: ICGE) said Wednesday that it cut its losses in the third quarter, and predicted that some of its member companies will break even in 2002 For the quarter ended September 30th, ICG reported a net loss including charges of US$235 million, down from $263 million a year ago....
If Santa went for the same gambit as some online shoppers this year, then come Christmas, you may be the recipient of a Monopoly game that cost St. Nick a cool hundred bucks Pretty interesting, considering that most stores, offline and on, sell Monopoly for about US$15. Such is the effect that CyberRebate will likely have on the holidays this year....
Online shoppers have stayed away from online gift registries and wish lists, despite the best efforts of Internet retailers to spark interest in the loyalty programs, according to a report released Wednesday by Jupiter Media Metrix (Nasdaq: JMXI). The study showed that 7 percent of e-shoppers have created an online registry, or list of gifts they ...
In the "real world," the opportunities for a new startup or even a small, established business to link up with some of the world's largest companies are few and far between. But on the Web, teaming up the big boys and small fry is the order of the day.
They say never to kick someone when he's down. But there are exceptions to every rule. So, even though Egghead.com is down, way down -- all the way down, in fact, it deserves a good swift kick in the yolk. Egghead is no more. It shut down on October 25th, breaking its own promise to stay in operation despite having filed for bankruptcy. The haples...
The parent company of online job search giant Monster.com said that its third-quarter profits rose 20 percent over a year before, due largely to Monster's continued growth and profitability. Monster itself had third quarter revenues of US$174 million, a 38 percent increase over the same period a year ago, according to the earnings report released ...
Credit card advertising has nearly doubled its presence on the Web this year, research firm Jupiter Media Metrix (Nasdaq: JMXI) said Monday. "It's understandable that the significant growth of online advertising for credit services coincides with a softening economy and the approach of the holiday shopping season," said Charles Buchwalter, vice pr...
Homestore.com (Nasdaq: HOMS), the dominant Web real estate player, on Thursday reported a third-quarter financial loss double the estimates of analysts, due largely to a plunge in advertising revenue Homestore stock fell 54.3 percent Friday to US$2.28 per share in the wake of the news, which also included a dour forecast from the company for the fo...
Internet job losses climbed more than 60 percent in October to 4,840 after five straight months of decline, according to a report released Wednesday by Challenger, Gray and Christmas (CGC). The main culprits behind the spike in layoffs were online travel companies -- some of which moved to pare staff as demand plummeted following the September 11t...
It's been three months since Webvan delivered its last order. But still the dead dot-com keeps haunting e-commerce, even as its casket is lowered into the ground. The latest chapter in the Webvan haunting is the two-day going, going, gone auction of what's left of its headquarters. Even though it's been broken up into tiny pieces, what used to be ...
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