Amazon will create 2,000 jobs in Boston in the fields of machine learning, speech science, cloud computing, and robotics engineering as it gets ready to expand its Tech Hub in the city, one of over a dozen such hubs nationwide. Read more
PayPal said it converts shoppers into buyers better than other payment methods citing recent research. A comScore study found PayPal Checkout converts at 88.7 percent, which was 82 percent higher than a checkout without PayPal (including other digital wallets and Read more
Etsy added a new feature to its store-hosting service called Pattern: it now allows sellers to display their Etsy reviews on their Pattern-hosted stores, though sellers reported problems utilizing the new feature. Pattern launched with limited features – Pattern stores Read more
Amazon called its advertising business a bright spot from both a product standpoint and also financially. Amazon Chief Financial Officer Brian Olsavsky made the remark when talking to analysts after reporting the company’s first-quarter performance on Thursday. Olsavsky called advertising Read more
eBay is now accepting applications for the third annual SHINE Small Business Awards. This year, eBay has a “Click-and-Mortar Business Owner” category (“A small business owner who sells both on eBay and from a physical retail location”). eBay is accepting Read more
eBay said 18% of all sellers surveyed said they owned or managed a physical storefront. The survey was conducted as part of a program called eBay Expressions that helps influence eBay design and functionality. eBay also found over half (53%) Read more
UPDATE 5:30 pm: Amazon raises cost of Prime membership in US from $99 to $119. Amazon.com Inc. grew net sales 43% to $51 billion in the first quarter of 2018 compared with $35.7 billion in first quarter 2017. The numbers reflect Read more
PayPal said Wednesday its revenue grew 22% year-over-year in the first quarter of 2018 on a foreign-exchange (fx)-neutral basis, reaching $3.69 billion. The payments firm indicated to Wall Street analysts it was doing fine nearly three years after splitting from Read more
eBay is running another sitewide sale today, but only until 1 pm PT (4 pm East Coast). Up until last month these types of flash sales had been rare, since unlike its Daily Deals, eBay has to subsidize them. Today’s Read more
eBay grew Gross Merchandise Volume (the value of goods sold on its Marketplaces) by 13% in the first three months of 2018, or by 7% on an FX neutral basis (foreign exchange). That was the same FX-neutral growth rate as Read more
