(source: en.wikipedia.org)
For Pinterest CEO Bill Ready, 2024 was “transformative” because the company’s global monthly active users (MAUs) reached an all-time high of 553 million, an 11% increase year over year, and hit a major financial milestone in the fourth quarter, surpassing $1 billion in revenue for...
The European Commission is encouraging European Union (EU) regulators and legislators to do more to mitigate the risks posed by the growing number of low-value imports being sold via online retailers and marketplaces. The Commission said in a Tuesday (Feb. 4) press release that it...
For merchants the world over, the bid to improve eCommerce checkout — boosting sales as a result — is a bit of a tightrope walk. It’s critical to balance the desire to let more transactions through with the risks of doing so. After all, fraudsters...
A proposed customs reform in the European Union would reportedly shift the responsibility of being an importer from individuals who purchase goods online to the online platforms that sell them. This change is included in a draft proposal that is set to be published Wednesday...
The additional tariffs imposed by President Donald Trump on China, Canada and Mexico reportedly include a provision that will eliminate a longstanding rule that allows small packages to enter the U.S. without a paying a tariff. This rule — the “de minimis” exemption that applies...
Auction house Sotheby’s reportedly shut down its Buy Now eCommerce business in mainland China, though it will continue that business in Hong Kong. The Buy Now program was shut down in China in recent months amid a slowdown in demand in that market, the Financial...
TikTok’s traffic has returned to normal following a steep drop after a recent shutdown. Usage of the popular video app dropped 85% during its brief U.S. ban earlier this month but has since come back to original levels, CNBC reported Friday (Jan. 31), citing data from Cloudflare Radar. “DNS...
The soon-to-be-released recurring payments feature of Brazil’s payment system, Pix, is reportedly expected to draw $30 billion in eCommerce payments alone to Pix in two years. The recurring payments feature, Pix Automático, is expected to launch in June and will allow users to automate the...
President Donald Trump says a decision on TikTok’s future could come in 30 days. Speaking to reporters Saturday (Jan. 25) on Air Force One, the president said he was in talks with multiple potential buyers for the popular video app. “I have spoken to many...