Amazon, led by CEO Jeff Bezos, has for years been forgoing profit in the pursuit of growth. CNET For Amazon, Prime is the gift that keeps on giving. The company’s $99-a-year membership service, which offers unlimited two-day deliveries and other perks, helped contribute to a surprise profit for the three months ended June 30. “We …
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Need to fix a showerhead? Amazon — yes, that Amazon — can help. Justin Sullivan/Getty Images Amazon’s handyman service is getting a spit-shine. The e-commerce company said Wednesday that Amazon Home Services — its hub for hiring plumbers, painters and electricians through its website — has expanded to 11 new US cities, including Boston, Chicago, Philadelphia and Washington, DC. The …
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A countdown clock on Jet.com has been ticking down for days before the official launch. Jet.com Is it possible to beat Amazon at its own game? That’s the multibillion-dollar question e-commerce newcomer Jet.com is looking to answer. Jet’s much-anticipated website opened for business Tuesday, with its bold claim that it can undercut prices from just about any online retailer — …
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Apple’s Tim Cook says the iPhone has many more years of strength. CNET Sales of the Apple iPhone may have missed Wall Street’s lofty expectations, but the smartphone’s future remains extremely bright. That’s the message CEO Tim Cook wanted to offer Tuesday evening after his company reported its latest quarterly earnings, revealing iPhone sales of 47.5 million, below analysts’ estimates …
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Visitors walk past an eBay and PayPal stand at the 2013 Mobile World Congress in Barcelona, when the companies were still unified. Getty Images When eBay bought PayPal in 2002, the price tag was a measly $1.5 billion. Now, about 13 years later, PayPal is worth nearly $50 billion and has outgrown its former parent. Monday marks the first day …
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eBay is bulking up its eBay Valet service with its purchase of Twice’s technology. eBay eBay wasted little time in starting its new mission of rebuilding its marketplace. On the same day eBay began trading separately from its former payments unit, PayPal, eBay revealed it will be buying the core technology of second-hand clothing e-retailer Twice for an undisclosed sum. …
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eBay’s goal after the split is to re-energize its core marketplace. Justin Sullivan/Getty Images As eBay gets ready to split from PayPal, the company is shedding one last distraction from its core business. The e-commerce company said Thursday it has signed a deal to sell off its eBay Enterprise unit — which helps run online retail sites, including those of …
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“After yesterday’s results, we’ll definitely be doing this again,” says Greg Greeley, vice president of Amazon Prime. Amazon Prime Day, a new sales holiday Amazon invented and held Wednesday in the middle of the summer doldrums, proved a huge success for the company. The e-commerce giant reported Thursday that on its first Prime Day — held to celebrate its 20th …
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This Amazon fulfillment center in Robbinsville, New Jersey, helps the company fill orders for its growing base of Prime members. Ben Fox Rubin/CNET Amazon’s 20th anniversary party has a guest list that’s an estimated 44 million people long. Just in time for Amazon’s Prime Day sale on Wednesday — which is how the e-commerce giant is marking its two decades …
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Larry Phillips, who’s been selling stamps online since 1999, started selling on Amazon more than a year ago after his eBay sales slowed. Courtesy of Larry Phillips Larry Phillips’ business on eBay is plummeting and he doesn’t know why. The owner of 4StampSales.com has been selling rare and collectible stamps online since 1999, turning the side business into his main …
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