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Until recently, it was rare to see dot-com chief executive officers lose their jobs or even leave voluntarily. But these are different times -- much different -- and suddenly the heads of Internet chiefs are rolling with regularity Sometimes, the executives make it seem as if they are nobly falling on the same sword they used to lop off a percentag...
Did you know that the current U.S. moratorium on Internet taxation does not ban taxes on goods sold via the Internet? If you did, count yourself among the lucky group that has not been confused or misled by the fragmented Net tax debate.
Shares of Amazon.com (Nasdaq: AMZN) jumped $5.13 (US$) to $34.69 by mid-day Wednesday after the e-commerce bellwether reported a Q3 operating loss of $68 million, or 25 cents per share, outpacing projections by 8 cents The company also reported a net sales increase of 79 percent over the same quarter in 1999.
If e-commerce fails to capture whopping holiday sales this year, it is going to be for lack of imagination. Traditional brick-and-mortar retailers have always known that people want much more out of the holiday season than the opportunity to get a bargain, and they have made the creation of aesthetically pleasing, entertaining, emotionally fulfilling shopping environments an art form. But holiday magic seems woefully lacking on the Web...
Internet auction giant eBay issued an apology to its customers on Monday for sporadic system and service outages that have hampered the site's functions for the past week In a message posted on its announcement board, the company said a database upgrade that began over the summer triggered the current batch of problems.
A study released Monday by BizRate.com shows that the average online shopper abandoned two or three Web shopping carts over the last 90 days, each representing lost sales of $175 (US$) "Imagine if your local store had aisle after aisle of shopping carts filled with unclaimed goods. It's a disturbing problem, but represents the reality facing many o...
A "strong and growing demand" for Net access by way of cellular phones, televisions, voice portals and other wireless devices is driving the growth of e-commerce, according to a study released Tuesday by America Online (NYSE: AOL) and market research firm Roper Starch Worldwide The study shows that the number of online shoppers has doubled in the p...
E-commerce customer spending fell 12.8 percent from August to September, according to a new report published by U.S. Bancorp Piper Jaffray and Harris Interactive The research revealed an online sales drop-off from $120 (US$) per customer (median) in August 2000 to $100 per customer in September, during which consumers conducted an estimated $3.09 b...
Dot-com layoffs are continuing to mount with no indications of a letup, according to a new report released Monday by Challenger, Gray and Christmas, Inc The outplacement company, which tracks daily job cuts in various sectors, found that layoffs at tech businesses climbed to 5,677 in October, an 18 percent increase from September.
An ambitious plan to knock down e-commerce trade barriers and to create a set of international rules that ensure fair competition in the rapidly evolving e-commerce sector was unveiled Monday by U.S. Trade Representative Charlene Barshefsky Speaking before the Federal Communications Bar Association in Washington, D.C., Barshefsky called for "the ad...
Amid a flood of complaints from former Living.com employees, the trustee in charge of the failed dot-com's bankruptcy proceedings has taken the court papers listing employee salaries, stock options and thousands of customer names and addresses off the company's Web site The decision to post the bankruptcy filing information on the site has raised q...
Internet postage company Stamps.com (Nasdaq: STMP) announced Monday that it has slashed its workforce by 40 percent in a bid to streamline its operations and improve profitability The cost-cutting measure affects approximately 240 full-time, part-time and contract workers at all of the company's locations, including its corporate headquarters in Sa...
One of the fundamental rules of e-commerce is that for every dire prediction, there is an equal and opposite upbeat outlook, and vice versa. So it was a high mark of distinction -- for a while -- that not since consumers began flocking to the Web had a phenomenon been reported with as much consistency as the business-to-business (B2B) boom More tha...
Value America, the Internet retailer that once hoped to become the Wal-Mart of the Web by selling everything from low-end cosmetics to high-end electronics, has announced the sale of its electronic services business to Merisel, Inc Value America filed for Chapter 11 bankruptcy protection on August 11th, when the firm's executives realized that they...
It's not hard to understand why the folks at eBay think they've got the makings of a television show on their hands, as was announced last week. Reality is in, after all, as the "Survivor" craze attests to. People have a fascination about other people, how they act under the glare of the cameras And then there's the "Antiques Roadshow" phenomenon, ...
The U.S. Department of Transportation (DOT) has warned airlines that they must tell customers seeking the lowest fare that the best deals may only be available via the carrier's Web site The order responds to a complaint filed in 1997 by Florida attorney Donald L. Pevsner, who alleged that the airlines were illegally discriminating against non-Inte...
Online pharmacy Drugstore.com (Nasdaq: DSCM) has laid off 60 employees, about 10 percent of its total staff, as part of a plan to reduce operating expenses The cutbacks came just ahead of earnings news released Monday, which revealed that sales for the quarter ended October 1st were $26.5 million (US$), up 118 percent from the third quarter a year ...
Latin American companies will conduct $10.9 billion (US$) in online business-to-business (B2B) transactions in 2001, with the figure rising to $63.8 billion by 2005, according to a report released Friday by the Yankee Group Yankee said a large number of developing enterprises have joined the few companies that have been transacting online in the re...
Controversial Internet music firm MP3.com (Nasdaq: MPPP) has slimmed its operating costs, according to third-quarter results released Thursday, but the embattled company continues to commit millions of dollars (US$) to its ongoing legal battles The San Diego, California-based company posted a pro-forma net loss of $6.1 million, or a 9 cent per shar...
Amid growing concerns that the U.S. Patent and Trademark Office is ill-equipped to keep up with the demands of the New Economy, Internet start-up BountyQuest is offering cash rewards to individuals who can prove or disprove a company's claim to a patent Launched earlier this week by former patent attorney Charles Cella, the company is backed by Ama...
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