e-Commerce is certainly one of the largest trends to affect business and culture over the past 25 years. In 2013 Amazon did $74.45 billion in revenue, but when compared to Walmart that number looks small. The Arkansas based retailer is close to half a trillion in sales. Find more statistics at Statista Barbara Thau wrote an article on Forbes that broke down a recent shopping preference … [Read more...]
Priceline Group Acquires OpenTable for $2.6 Billion
Priceline has acquired OpenTable.com iClarified.com reported that Priceline has acquired OpenTable.com for $103 a share or $2.6 billion. From the article: Priceline has announced that they've entered into a definitive agreement whereby The Priceline Group will acquire OpenTable for $103 per share in an all cash transaction valued at $2.6 billion. Notably, OpenTable has been integrated … [Read more...]
RetailMeNot Sees it Stock Get Whacked By Google Algorithm Update
RetailMeNot is see its stock get hit hard by the recent Google algorithm change. Barry Schwartz wrote on Search Engine Land: On Tuesday, Google pushed out their revised Panda Algorithm code-named Panda 4.0. Panda is designed to remove low-quality content from Google’s search results. Yesterday, we published an early Winners & Losers report on which large sites were impacted the most both … [Read more...]
Alibaba Group Files For Potentially The Biggest IPO in U.S. History
Chinese e-Commerce company Alibaba files for IPO The Chinese company is kind of a big deal when it comes to e-Commerce in China, accounting for 80 % of sales. The company has garnered a lot of press over the last two days. Forbes covered it: Chinese e-commerce giant Alibaba Group filed registration documents on Tuesday to go public in the U.S. in what may be one of the biggest initial … [Read more...]