E-commerce site Etsy today launched “Gift Mode,” a new AI-powered feature to match you with tailored gift ideas based on specific preferences. Gift Mode is essentially an online […]
eBay plans to cut 1,000 jobs because it couldn’t grow enough
E-commerce company eBay said today that it plans to let go of 1,000 employees or around 9% of its workforce due to the ongoing economic conditions. The company […]
MrBeast uploads first video to X to test out ad revenue
MrBeast is testing out X’s monetization program by uploading a video directly to the platform for the first time.
Jumia quit food delivery because of deep-pocketed ‘aggressive’ rivals, CEO says
Last week, pan-African e-commerce platform Jumia said it was discontinuing its food delivery service, Jumia Food. According to the company, its food delivery business didn’t align with the […]
Circuit City, angling for a comeback of sorts, hopes to raise $25M
At the risk of dating myself, I’m old enough to remember the days when Best Buy had a formidable rival in superstore chains: Circuit City. A cross between […]
TikTok loves ecommerce and VCs think Mistral AI will be fine (potential EU regulatory overhang or not)
Listen here or wherever you get your podcasts. Hello, and welcome back to Equity, the podcast about the business of startups, where we unpack the numbers and nuance behind the […]
Tech-enabled warehousing startup Huboo raises another $36.6M amid continued e-commerce growth
When consumers switched to home deliveries and “digitized” their lifestyles during the pandemic, it led to a surge in e-commerce sales and thus, also, in the need for […]
As Temu shakes up global ecommerce, PDD nears overtaking Alibaba
PDD, the firm behind the fast-growing shopping app Temu, is shaking up China’s Big Tech club. On Thursday, news of Alibaba’s market cap sliding under that of PDD […]
Amazon’s iRobot purchase sucks up formal competition concerns in EU
European Union regulators have sent Amazon a formal statement of objections setting out competition concerns over its proposed acquisition of robot vacuum maker, iRobot. The step does not […]
Children’s tablet has malware and exposes kid’s data, researcher finds
In May this year, Alexis Hancock’s daughter got a children’s tablet for her birthday. Being a security researcher, Hancock was immediately worried. “I looked at it kind of […]