Shopify will be smaller by about 20% after today, according to founder and CEO Tobi Lütke, as the company lays off employees and announced the sale of its logistics business to Flexport, which is headed by the former head of Read more
Bonanza, which launched as an alternative to eBay in 2008, has a new owner. Quincy Faison acquired the online marketplace from Bonanza’s parent company, Alloy.dev. Bill Harding launched “Bonanzle” in 2008 and, 2 years later, raised funding, changed the name Read more
eBay acquired a company to help it police sellers by using monitoring technology to prevent the sale of counterfeit items, unsafe products and illegal goods. eBay acquired 3PM Shield LLC, also known as 3PM Solutions, whose services it had been Read more
After withdrawing its bid for eBay’s Korean subsidiary last year, Naver announced today it’s acquiring shopping site Poshmark for $1.2 billion. Poshmark will become a standalone US subsidiary of Naver, continuing to operate under the Poshmark brand. Naver’s CEO Choi Read more
eBay is acquiring myFitment, LLC and Illumaware, LLC and will integrate their technology into the eBay platform to help buyers determine if auto parts are compatible with their vehicles – called “fitment.” Chris Prill, Vice President of eBay Motors, said Read more
iRobot is cleaning up with a $1.7 billion sale to Amazon. iRobot’s product portfolio features technologies and advanced concepts in cleaning, mapping and navigation, according to the announcement. The deal is reminiscent of Amazon’s acquisitions of Ring, maker of home Read more
Ecommerce consulting firm FitForCommerce was acquired by OSF Digital, the companies announced last week. OSF Digital describes itself as a firm that “seamlessly guides enterprises through their entire digital transformation journey.” Bernardine Wu founded FitForCommerce in 2007 to help retailers Read more
The company that owns Stamps.com and a host of other shipping services rebranded to Auctane weeks after it replaced its CEO and months after being acquired by a private equity firm. But online sellers should not panic – the corporate Read more
Etsy will survive a consolidation in commerce, predicted CEO Josh Silverman, who painted a picture of the ecommerce landscape ahead. Silverman was speaking at a Wall Street conference last week and said there were hundreds of billions of dollars invested Read more
Private equity firm Thoma Bravo agreed to acquire Stamps.com in a deal valued at $6.6 billion (that’s billion with a “B”). The agreement includes a 40-day “go-shop” period expiring August 18, 2021 that allows Stamps.com to consider alternative acquisition proposals Read more
