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Amazon’s private label brands are taking over market share

Amazon’s investment in its own private label products has been paying off, according to a new report out today. The retailer now competes with vendors via its own products in over a dozen categories, including computer accessories, home goods, pet supplies, grocery items, and more. In some categories, Amazon has …

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Google formally rebuts EU antitrust charges against Shopping, AdSense

Google has now formally responded to two antitrust charges brought against it by Europe’s Competition Commission, rebutting charges of exploiting the popularity of its search engine to boost its price comparison service, Google Shopping, and its ad placement service, AdSense. The company has yet to respond to a third EU antitrust complaint …

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Gfresh raises $20 million to transform the way seafood is bought and sold

Seafood consumption is soaring in China, along with increases in average disposable income there. But live, edible fish and shellfish are challenging to buy, sell and transport across borders within and beyond China. As a result of the complexities in shipping live fish, and complying with health and customs regulations, …

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Ticketing’s distributed future is not only good for fans, it’s already happening

Jesse Lawrence has been in media and tech for 20 years. Prior to TicketIQ, he worked at MediaMath and IAC. He started his career as a writer. How to join the network Since the dawn of consumer history, tickets have been a product defined by scarcity and lack of accessibility. …

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Postmates confirms $140 million funding round at $600 million valuation

As we first reported last month, on-demand delivery app Postmates raised additional funding in a round led by Founders Fund, with participation from existing investors. The company is now confirming the total came out to $140 million, giving the Postmates above a $600 million post-money valuation.  Brian Singerman from Founders Fund …

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Amazon plunges on earnings miss

Amazon disappointed investors when it posted third quarter earnings after the bell Thursday. With an adjusted earnings per share of 52 cents, this was well beneath the expected 78 cents. The stock quickly fell at least 6 percent in after-hours trading. Revenue of $32.7 billion was in line with what Wall …

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Amazon sues more sellers for buying fake reviews

Amazon is continuing its efforts to crack down on fraudulent reviews across its site with new lawsuits aimed at two U.S. sellers, and one from the E.U., which claim to have evidence customer review abuse. That is, the defendants created fake reviews for their products, which could have influenced customers’ …

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Groupon is buying LivingSocial, plans to downsize business to 15 markets from 27

Some significant consolidation is going down in the world of daily deals — going down being the operative phrase here. Today, Groupon announced it would acquire LivingSocial, its onetime big rival that was partly owned by Amazon, for an undisclosed sum. Lest you think that this is a power move made by companies …

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Lively racks up $4 million to become the Warby Parker of lingerie

Following in the footsteps of Warby Parker, Everlane and Bonobos, a New York City startup called Lively has raised $4 million in seed funding to grow its direct-to-consumer lingerie brand. Incorporated as Intimates Online Inc., Lively was founded by CEO Michelle Cordeiro Grant, a long-time fashion insider. Working previously within …

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Android Pay expands its reach via new partnerships with Visa and MasterCard

Google announced this morning two strategic partnerships with Visa and MasterCard aimed at expanding the reach of its mobile payments service, Android Pay. The company says that Android Pay users who are shopping online from their smartphones will soon be able to make payments on hundreds of thousands of new …

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