|Bid||39.24 x 4000|
|Ask||39.25 x 1000|
|Day's Range||39.05 - 39.34|
|52 Week Range||26.01 - 40.55|
|Beta (3Y Monthly)||1.42|
|PE Ratio (TTM)||14.34|
|Earnings Date||Jul 16, 2019 - Jul 22, 2019|
|Forward Dividend & Yield||0.56 (1.41%)|
|1y Target Est||39.99|
General Mills, Target, Apple, Southwest Airlines and Netflix are the companies to watch.
July sales are heating up as retailers look to slow Amazon.com Inc.’s Prime Day momentum, and drive consumers to their sites with deals of their own. Amazon (AMZN) is hosting its Prime Day shopping event across two days this year, July 15 and 16. The e-commerce giant says there will be more than one million deals across 18 countries, including price discounts on televisions and Amazon devices.
Amazon announced yesterday its “Prime Day” deals would extend for a full 48 hours July 15 and 16, but eBay and Target aren’t just going to sit back and watch the dollars pile up: they’re countering with promotions of their own. CNBC reported that Amazon had failed to secure enough servers to handle the traffic surge, and the glitch prompted Amazon to launch a scaled-down back-up front page, temporarily suspend international traffic, and add servers manually.
Ebay Inc. is taking shots at Amazon.com Inc.'s Prime Day event with its own "Crash Sale" on July 15. "If history repeats itself and Amazon crashes that day, eBay's wave of can't-miss deals on some of the season's top items will excite customers around the world," eBay said in its announcement. Amazon's site had a temporary outage in 2018. This year, Amazon Prime Day will span two days from July 15 through July 16. Ebay will offer discounts over three weeks starting on July 1. On July 15, the official "Crash Day," eBay will have promotions on consumer electronics brands like Apple Inc. , Samsung and KitchenAid, with other deals planned "if Amazon crashes." From July 1 through July 7, there will be deals on items like camping gear and robotic vacuums. And from July 8 through July 22, there will be daily deals on items like appliances and smart home devices. Ebay stock inched up 0.4% in Wednesday premarket trading, and has rallied 39% for the year to date. The S&P 500 index is up 16.4% for 2019 so far.
StockX was launched in 2016 and facilitates buying and selling of sneakers, watches, handbags and streetwear. The real-time pricing platform utilizes a stock market bid and ask system which offers transparent and visible information. All of the products on the platform are physically inspected at one of several StockX facilities.
StockX, an online market place which specializes in reselling limited-edition sneakers, has raised $110 million from investors to fund its expansion and poached Scott Cutler from eBay as its new chief executive, it said on Wednesday. Founded in Detroit in 2016, StockX has grown rapidly to sell more than $1 billion of products a year on its site and is expanding from sneakers into watches, handbags and streetwear, and opening bricks-and-mortar stores, starting in New York. It said the new funding round, involving investors including DST Global, General Atlantic, GGV Capital, GV and Battery Ventures, valued the company at more than $1 billion.
Last year, Square (SQ) secured a contract to lend money to eBay sellers, thereby expanding the market opportunity for its loans business. Given this arrangement, progress at eBay that can help bring more sellers to the platform bodes well for Square.
(Bloomberg) -- Follow Bloomberg on LINE messenger for all the business news and analysis you need.Singapore’s Trax is acquiring Shopkick, adding the U.S. rewards app to its growing stable of retail technology.Redwood City, California-based Shopkick lets shoppers earn rewards and gift cards by browsing online offers, watching videos, walking into stores or scanning product barcodes on shelves. Trax didn’t disclose how much it’s paying but seller SK Telecom Co. acquired the Californian outfit for $200 million in 2014, the Wall Street Journal has reported.Shopkick’s programs help provide data and insights into customer behavior and loyalty for clients from EBay Inc. and General Electric Co. to Lego and Unilever. “Bringing together shelf and shopper data will deliver new and powerful insights to consumer-packaged-goods brands and retailers,” Trax Chief Executive Officer Joel Bar-El said in a statement.The transaction comes as Trax finalizes a deal to raise $100 million at a pre-money valuation of about $1.1 billion. The round was aimed at financing acquisitions, including of LenzTech Co., a Beijing computer vision startup it recently purchased. Trax is also in advanced talks to buy a European competitor, Bar-El has said.Shopkick, which employs about 150 people in California, will operate as an independent unit of Trax.The Singapore startup plans an initial public offering in 18 to 24 months and it’s in talks with Singapore Exchange Ltd. for a potential dual listing after the local bourse approached the company, the CEO said in an interview last month.Bar-El and partner Dror Feldheim co-founded Trax in Singapore in 2010. The firm works with retailers and brands in more than 50 countries and counts New York-based private equity firm Warburg Pincus, Chinese private equity firm Boyu Capital and Singapore’s sovereign wealth fund GIC Pte among its shareholders.Read more: Singapore Startup Trax Raising Funds at $1.1 Billion Value (1)(Updates with acquisition details from the fifth paragraph.)To contact the reporter on this story: Yoolim Lee in Singapore at firstname.lastname@example.orgTo contact the editors responsible for this story: Edwin Chan at email@example.com, Colum MurphyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Do you want to open a bank account with Mark Zuckerberg and Facebook? It’s bad enough that Facebook (FB) says it won’t be paying a nickel of interest on any money that customers keep in the company’s new Libra digital accounts. There was a good reason Willie Sutton robbed banks.
eBay (EBAY) is exploring a shift that could see it pile more competitive pressure on Amazon (AMZN) as the companies battle for shoppers’ wallets. At the moment, Amazon dominates the e-commerce market, but eBay is keen to change that.
eBay (EBAY) is undertaking a review of its global media advertising strategy. At the moment, eBay works with several advertising agencies. The goal of the review is to allow eBay to pick a single agency that will handle all its media advertising work around the world.
eBay (EBAY) is expanding its state sales tax collection, showing that the company is trying to face this contentious issue head-on. The company announced on June 18 that it would begin collecting online sales tax in more states.
Facebook and eBay have been warned by the U.K.'s Competition and Markets Authority (CMA) to do more to tackle the sale of fake reviews on their platforms. The CMA said today it has found "troubling evidence" of a "thriving marketplace for fake and misleading online reviews." Though it also writes that it does not believe the platforms themselves are intentionally allowing such content to appear on their sites. The regulator says it crawled content on eBay and Facebook between November 2018 and June 2019 -- finding more than 100 eBay listings offering fake reviews for sale during that time.
Britain's competition watchdog on Friday told Facebook and eBay to go through their websites and crack down on the sale of fake and misleading online reviews. The Competition and Markets Authority (CMA) said https://www.gov.uk/government/news/cma-expects-facebook-and-ebay-to-tackle-sale-of-fake-reviews it had found "troubling evidence" of a growing marketplace for misleading reviews on the two sites.
LONDON, June 21, 2019 /PRNewswire/ -- A new study of 1,000 British families has revealed that parents are hanging on to their children's toys even after their child has stopped playing with them. The research, carried out by online marketplace eBay UK in the lead up to the launch of Disney and Pixar's Toy Story 4, shows it could be parents' own sentimental attachment to their children's toys, that prevents them from being cleared out. To combat this and lend a hand to parents, eBay UK has teamed up with top psychologist Honey Langcaster-James to develop tips for parents keen to free up some much-needed space in their home, and make some extra spending money in the meantime.
Tech giant Facebook consulted the Federal Reserve ahead of the launch of its cryptocurrency Libra, according to Fed Chairman Jerome Powell.
Facebook’s ambitious cryptocurrency project ‘Calibra’ comes as the social media behemoth continues to face scrutiny about data privacy.
(Bloomberg Opinion) -- Regulators will be watching closely when Facebook Inc. unveils its cryptocurrency project this week. Their vigilance is warranted.Mark Zuckerberg, the social network’s founder, isn’t going to gamble with what remains of his public image by replicating the worst excesses of the Bitcoin craze. He’s not trying to create a speculative currency; a potential wave of mom-and-pop investment losses is the last thing he needs. He just wants a digital medium of exchange for use on his apps. Nevertheless, his bid to launch an online payments revolution carries plenty of risks, from antitrust concerns to the threat that it might pose to financial stability.Weekend media leaks suggest that Facebook’s “Libra” project will be a continuation of its past efforts to expand its payments business and keep customers within the walled garden of its social media apps by creating their very own money.While Zuckerberg is poised to unveil a team of partners – reportedly including eBay Inc., Farfetch Ltd., Spotify Technology SA, Uber Technologies Inc. and Vodafone Group Plc – so far this feels very much like Facebook’s baby. Tellingly, it’s not one that the big banks or the other Silicon Valley and Seattle giants seem ready to adopt quite yet, unless Zuckerberg surprises us with some bigger names at the launch. The target customer base for these new digital tokens looks certain to be the 2.6 billion-strong users of Facebook, WhatsApp and Instagram.While Facebook will no doubt assure us that this project is all about making the lives of its customers ever easier, giving them the ability to actually buy stuff in a way that Bitcoin has rarely offered, it’s hard to square it away with the political effort to curb Big Tech’s monopolistic tendencies (regardless of that roster of launch partners and their $10 million participation fees). It’s crucial that Libra doesn’t become a protective glue that binds Zuckerberg’s social networks even more closely together at a time when many regulators want to break them up. Libra will be presented as an open-source partnership whose benefits are available to all, but to what extent will it really be held at arm’s length from the Zuckerberg empire? Indeed, if the financial and business benefits of using Libra accrue mainly to Facebook, it will merely enshrine its market dominance.As such, regulators must find out who will own the giant new datasets. They might even want to push the case that this kind of data should be made available to governments or rivals to avoid the problems of the past, where a handful of companies ended up owning all of the information about our online activities.While Facebook barely makes any money from its payments business today – with payments and other fees accounting for less than 2% of last year’s $55.8 billion of revenue – some analysts reckon Libra could change things. Barclays is reportedly predicting $19 billion in additional revenue by 2021 if the tokens gain traction. Libra is scheduled to launch across a dozen countries in 2020. That’s a lot of potential data and new sources of revenue.Financial stability is a worry too and regulators should ask for transparency on how Libra is structured. The token is expected to be a “stablecoin,” which is pegged to existing fiat currencies such as the U.S. dollar or the euro. That will damp price volatility, unlike the free-wheeling Bitcoin, whose price in the past five years has gone from $600 to $19,000, and now to $9,000. Regulatory oversight of which currencies are held in reserve to back the Libra coin would go some way to building faith in Facebook’s capacity to redeem tokens when customers ask for it.While no one wants to choke innovation unnecessarily, Facebook hasn’t exactly done much to earn everybody’s trust in recent years. Any chance to put the necessary controls in at the beginning, rather than firefighting down the road, should be grabbed by the regulators.To contact the author of this story: Lionel Laurent at firstname.lastname@example.orgTo contact the editor responsible for this story: James Boxell at email@example.comThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Lionel Laurent is a Bloomberg Opinion columnist covering Brussels. He previously worked at Reuters and Forbes.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Amazon delivers paper towels, Google provides search results, and Uber, but these forward-facing services sew a complete misunderstanding of the companies, according to a Silicon Valley CEO.
PayPal won its second price target hike in two days, this time on upbeat views for its marketplaces strategy and Venmo service. PayPal stock rose a fraction as the Nasdaq fell on Friday.
Lawmakers and regulators have signaled newfound willingness to bring antitrust action. One Silicon Valley chief executive said that doesn’t bode well for CEOs called to Capitol Hill, saying in that position “you can’t win no matter what you do.”
The internet economy has reached a stage of maturity in which growth will be harder to come by, says internet guru Mary Meeker.