Devin Wenig steps down as eBay CEO
This morning eBay 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 … Read more
Will the 2020s be online advertising’s holistic decade?
Todd Dipaola Contributor Share on Twitter Todd Dipaola founded inMarket to bring the performance and accountability of digital advertising to offline brands. With less than two months left in the decade, advertising is again entering … Read more
Flipkart leads $60M investment in logistics startup Shadowfax
Walmart’s Flipkart has backed Indian startup Shadowfax in a new $60 million financing round as the retail giant works to strengthen its logistics network in the nation. Flipkart led the Series D financing round for the … Read more
Korean e-commerce leader Coupang hires Alberto Fornaro as its new chief financial officer
Korean e-commerce giant Coupang has a new chief financial officer. The company announced today that it has hired Alberto Fornaro, who previously served the same role at International Gaming Technology (IGT PLC), the multinational gaming … Read more
Flow raises $37M to simplify international e-commerce
Flow, a startup that helps brands and retailers build a cross-border e-commerce business, has raised $37 million in Series B funding. CEO Rob Keve said that thanks to the magic of social media and digital … Read more
Alfred Lin, the Sequoia VC and former Zappos COO, thinks this retail startup could be a generation-defining brand
When the storied venture firm Sequoia likes a deal, it will sometimes not only lead one of its financing rounds but fund it exclusively — no matter how that impacts earlier investors. Given the firm’s … Read more
Walmart tops Amazon as most-downloaded US shopping app on Black Friday
Amazon says Cyber Monday 2019 has now become the retailer’s biggest shopping day of all time, based on the number of items sold worldwide. However, in the U.S., a different trend took shape over the … Read more
Daily Crunch: Cyber Monday is bigger than ever
The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here. 1. Cyber … Read more
Rapyd, which offers fintech-as-a-service via a single API, adds $20M more to its coffers at a $1.2B valuation
One of the biggest trends in the world of financial technology has been an ongoing push towards consolidation, where larger fish are snapping up smaller fish (including a proliferation of interesting startups) to get improved … Read more
Cyber Monday totalled $9.4B in US online sales, smartphones accounted for a record $3B
Cyber Monday — the final day of the extended Thanksgiving weekend that traditionally kicks off holiday season spend — broke another e-commerce record: US shoppers racked up a total of $9.4 billion in online sales, … Read more
Tuft & Needle exposed thousands of customer shipping labels
Mattress and bedding giant Tuft & Needle left on an unprotected cloud server hundreds of thousands of FedEx shipping labels containing customer names, addresses and phone numbers. More than 236,400 shipping labels were found on … Read more