Pure Daily Care had the top-selling facial steamer on Amazon, but the $10-million-a-year-revenue-generating third-party seller, going under the storefront name of Beauty Imports, has lost nearly $400,000 and half their 12-member team.Entrepreneur David Damavandi, who heads operations, says that a...
When a massive company like Wal-Mart makes a move on new technology less than 24 hours after the tech in question is announced, you know it's a significant decision. The retail giant has pre-ordered 15 Tesla semi trucks with...
The Short:Jaguar Land Rover (JLR) said on Friday that it has completed the first tests on its self-driving car on public roads. Britain's biggest automaker is now firmly in the race against other automakers as well as tech companies...
The Short:European automaker Volkswagen will spend up to $40 billion over the next five years on developing electric cars and self-driving technology, as well as other mobility initiatives, according to an approved plan announced on Friday.The announcement comes close...
The Short:While declining to provide financial details of the deal, streaming music major Spotify on Friday said that it had bought Soundtrap, an online audio and music recording platform that allows real-time collaboration between its subscribers.The Long:Soundtrap is a...
The Snippet: Airbnb, while denying all wrongdoing, said on Friday that Japan Fair Trade Commission (JFTC) raided their local offices last month on suspicions of the rentals site violating antitrust laws. The news came from Airbnb Japan, which reported the...
The Short:Strong demand for Bitcoin (BTC) has pushed the world's biggest currency tantalizingly close to $8,000 per coin on major exchanges.The Long:The world's largest digital currency by market capitalization bounced back after seeing as much as $38 billion in market...
The Snippet: For the first time, Facebook is putting its Marketplace platform through the hoops in one of the world's fastest growing internet markets, India. The service is expected to compete directly against domestic majors in the space, Quikr and...
The Snippet: Consumer staples giant Procter & Gamble has bought Native Deodorant for a cool $100 million in cash. P&G already owns Secret, and is presumed to have purchased Native to address a growing demand from ingredient-conscious consumers. The Story: Native Deodorant...
The Story: In what can only be called a testament to Amazon's growing clout in the U.S. retail market, Calvin Klein will be selling its new line of underwear exclusively on Amazon during the 2017 holiday season in the United...
The Story: Volkswagen announced today that the company will invest $11.8 billion by 2025 to build electric cars in China, the world's largest auto market. Important Because: China is virtually in the driver's seat in the global EV push as it seeks...
The Story: The $85.4 billion mega deal involving AT&T's proposed merger with Time Warner Inc. could face regulatory hurdles as the Department of Justice seeks support for an antitrust lawsuit from at least 18 state attorneys general, according to a...
The Story: Talking to CNBC, Morgan Stanley CEO James Gorman said that the GOP's plan to bring down the corporate tax rate from the 35% range to the 20% range would be a big boost for the economy.He made a...
The Story: Planes, trains and automobiles will all see a spike in usage as Thanksgiving 2017 gears up to witness the largest number of travelers in more than ten years. Enticingly cheap air tickets and a healthy economy are two...
The Story: In an announcement made this week via the Amazon sellers forum, the company said it would begin collecting sales tax for third-party sellers in Washington, its home state.The new service, dubbed Marketplace Tax Collection, will automate the process...