Q3 shaped up to be a tough quarter for Groupon – the online discount merchant turned e-retailer suffered a loss of $21.2 million, or 3 cents a share, compared with a year-earlier loss of $2.6 million. Revenues, however, were on the upswing – Groupon saw revenue...
Facebook CEO Mark Zuckerberg laid out his company’s three, five and 10-year-plans Tuesday (Oct. 28), and none of those plans involved Facebook launching its own payments engine. But that doesn’t rule out Facebook choosing to have a major influence, as Zuckerberg said the massive social operation...
Nobody in the real world likes failure. When new business ventures are launching, entrepreneurs talk about the great and potent success they plan to enjoy, not the many valuable lessons they will learn in the wake their inevitable failure – a reality is that 99.99...
France can now lay claim to an early social media person-to-person money transfer achievement, as French Twitter users can now Tweet cash to followers. A division of Groupe BPCS (France’s second-largest banking group) called S-money partnered with Twitter to make the move for anyone with...
A Harris poll has found that barely 5 percent of adult shoppers (they didn’t examine younger than 18-year-old behavior) have made a purchase on social networks. This is the context of Twitter preparing a major push for social shopping via its Buy Button. One of...
In a move that could help solidify its status as the go-to payments power behind social media’s expansion into e-commerce, Stripe has been named Facebook’s partner in developing it’s “buy” button. Stripe signed a similar deal with Twitter earlier this year. Facebook has been experimenting...
As it turns out, when it comes to marketing value for retailers, name recognition isn’t everything. It seems in the case of the niche social media site Tumblr it seems less can be more–as long as the less doesn’t refer to money. According to Adobe’s...
For those who say there is no e-commerce application for social media the drug dealing population of Instagram stand as a stark, if weird, counter-example. These enterprising black market enthusiasts present a convenient online marketplace for pot, heroine, cocaine and pretty much anything else the...
