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No Libra style digital currencies without rules, say EU finance ministers

No Libra style digital currencies without rules, say EU finance ministers European Union finance ministers have agreed a defacto ban on the launch in the region of so-called global ‘stablecoins’ such as Facebook’s planned Libra digital currency until the bloc has a common approach to regulation that can mitigate the risks posed […]

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Vinted, the second-hand clothes marketplace, raises $141M at a $1B+ valuation

Vinted, the second-hand clothes marketplace, raises 1M at a B+ valuation The market for second-hand clothes — the “circular economy” as it’s sometimes called — has been on the rise in the last several years, fuelled by economic crunches, a desire to make more responsible and less wasteful fashion choices, and a […]

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Trouva, an online marketplace for independent boutiques, raises $22M

Trouva, an online marketplace for independent boutiques, raises M Amazon helped pioneer and now dominates the online marketplace business model, where a variety of merchants post items for sale on its platform for billions of consumers to discover and buy them. Today, a London startup that’s taken that idea but is applying […]

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Why each Libra member’s mutiny hurts Facebook

Why each Libra member’s mutiny hurts Facebook There’s a strategic cost to the defection of Visa, Stripe, eBay, and more from the Facebook -led cryptocurrency Libra Association . They’re not just names dropping off a list. Each potentially made Libra more useful, ubiquitous, or reputable. Now they could become obstacles to the […]

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Devin Wenig steps down as eBay CEO

Devin Wenig steps down as eBay CEO eBay this morning announced that Devin Wenig has stepped down from the role of CEO. A former executive at Reuters, Wenig joined the company eight years ago this month as president of its global market place division. He was appointed to the CEO role in […]

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Facebook still full of groups trading fake reviews, says consumer group

Facebook still full of groups trading fake reviews, says consumer group Facebook has failed to clean up the brisk trade in fake product reviews taking place on its platform, an investigation by the consumer association Which? has found. In June both Facebook and eBay were warned by the UK’s Competition and Markets […]

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Libra, Facebook’s global digital currency plan, is fuzzy on privacy, watchdogs warn

Libra, Facebook’s global digital currency plan, is fuzzy on privacy, watchdogs warn Privacy commissioners from the Americas, Europe, Africa and Australasia have put their names to a joint statement raising concerns about a lack of clarity from Facebook over how data protection safeguards will be baked into its planned cryptocurrency project, Libra. […]

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EBay picks 5.5% stake in India’s Paytm Mall

EBay picks 5.5% stake in India’s Paytm Mall EBay said today it is buying a 5.5% stake in e-commerce marketplace Paytm Mall as the global firm makes another push to gain footprint in India’s fast-growing e-commerce market. The two firms did not disclose financial terms of the deal, but a source familiar […]

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Why commerce companies are the advertising players to watch in a privacy-centric world

Why commerce companies are the advertising players to watch in a privacy-centric world Justin Choi Contributor Share on Twitter Justin Choi is the founder and CEO of Nativo, which empowers brands and publishers through its advanced platform for content. More posts by this contributor Snapchat will make Los Angeles a stronger tech […]

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Amazon expands Transparency anti-counterfeit codes to Europe, India and Canada

Amazon expands Transparency anti-counterfeit codes to Europe, India and Canada Amazon is no stranger to the nefarious forces of e-commerce: fake reviews, counterfeit goods and scams have all reared their heads on its marketplace in one place or another, with some even accusing it of turning a blind eye to them since, […]

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