Bitcoin has tumbled about 15% in the past week. Despite its price appreciation this year (up more than 60%) and the enthusiasm around trading bitcoin, its acceptance as payment for transactions is still relatively low. That’s not likely to change in 2021— at least not on online marketplace Etsy. “I don’t think it’s quite ready yet to be tender,” said Etsy CEO Josh Silverman in an interview with Yahoo Finance Live. “You need a lot of people holding it before it is actually useful as a form… Source link
Read More »Thrasio, which buys up Amazon third-party sellers, has rapidly raised $1.75 billion
Less than one month after announcing $500 million in debt financing that reportedly valued the company at $3 billion, Thrasio, which acquires Amazon sellers and improves their operations, has raised another $750 million, the company announced on Yahoo Finance Live on Tuesday. The Massachusetts-based startup has held seven fundraises in a little over one year, and has now raised $1.75 billion to date. In 2020, Thrasio saw $100 million in profit from sales of more than $500 million. The company… Source link
Read More »Google Just Upped Its E-Commerce Game To Attract More Sellers. It’s Still Not Enough To Compete With Amazon.
Google Shopping is sweetening deals to attract more sellers to its Buy On Google platform in another … [+] swipe at Amazon. (Photo by Tomohiro Ohsumi/Getty Images) Getty Images As the coronavirus has sent more shoppers online, Google GOOGL , after several failed attempts in the past, is again trying to own a growing share of the e-commerce market. The question is, will it work this time? Google said Thursday it will drop commission fees for… Source link
Read More »