Poshmark awarded 12 sellers $5,000 grants and 130 sellers $500 grants, part of its commitment to give away $500,000 in grant money this year to help sellers grow their business on the social marketplace. The company explained that the Poshmark Read more
An eBay Powerseller is working on a project this summer and will share feedback from sellers with eBay management. The kicker: he’s a college student doing a summer internship at eBay. Sam Straus has been selling online since he was Read more
A company called Thimble now offers Product Liability insurance policies for home-based crafters and makers – the kind of sellers you’ll find on sites like Etsy – including clothing designers/sellers, small apparel manufacturers, jewelry makers, and candlemakers. Sellers can shop Read more
Etsy announced today it is acquiring Elo7, an online marketplace based in Brazil, for $217 million, subject to certain adjustments. Etsy CEO Josh Silverman said it will establish a foothold for Etsy in an underpenetrated ecommerce region. Elo7 was founded Read more
Shoppers spent $11 billion in total online on Amazon Prime Day (June 21 – 22, 2021), with retailers large and small benefiting from the 2-day shopping event heavily marketed by Amazon. Adobe provided the figures through Adobe Analytics, which covers Read more
eBay sold its Classifieds business to Adevinta for $2.5 billion in cash and a 44% equity stake, but eBay will reduce its ownership to 33% (or less) over the next 18 months to resolve competition concerns raised by Austrian regulatory Read more
Salesforce has named former eBay CEO Devin Wenig to its Global Advisory Board to expand international growth. The board will provide strategic guidance and support the company’s growth into new markets, “deepening Salesforce’s role as a trusted digital advisor to Read more
eBay entered into an agreement with Emart, which will acquire 80% of eBay’s businesses in Korea for $3 billion in gross cash proceeds. The deal puts the implied value of the whole Korean Business at approximately $3.8 billion. While eBay Read more
Ruby Lane is changing its fee structure next month, although existing sellers can choose to stay on the current plan. The new plan offers lower upfront costs, but takes a higher fee when a merchant makes a sale (9.9% versus Read more
Amazon ran a promotion to help small businesses in the runup to Prime Day this month, which helped generate $1.9 billion in small-business products in the two-week period. The Spend $10, Get $10 promotion offered a $10 credit to be Read more
