The online platform, which calls itself a social shopping marketplace, combines all of retails hottest trends, but future growth could be costly.
C&E Executive News Filter
Apple removed social-media platform Wimkin from its App Store, part of a crackdown by tech companies on potentially dangerous content during the presidential transition. The small site, which markets itself as a free-speech haven, had hosted posts that included a call for civil war.
Amazon said it would stop providing cloud services to the platform and Apple suspended Parler from its App Store, sharply escalating a campaign by tech giants to regulate content they see as dangerous in the wake of the Capitol riot.
Online stores run by the Trump Organization and Trump campaign were taken offline on Thursday by the e-commerce software provider, which said President Trump violated company policy against promoting violence.
Amazon cant use its cloud-computing businesss AWS logo in China, a Beijing court ruled, the latest headache for a company that has already been hampered by Chinese regulations and rivals.
Beijings Ant-Eaters – WSJ [Video]
The ruling Party shows Jack Ma and investors whos the real boss.
E-commerce logistics provider Radial has notched big gains during the coronavirus pandemic, which triggered surging online order volumes while presenting new challenges as the company hustled to meet the sudden rush in demand.
The probe casts a spotlight on longstanding contentions from merchants and rivals that the e-commerce giant pressures some sellers to operate only on its platforms.
Two platforms mainly catering to small businesses are trading at levels reflecting speculation that sales growth will continue at a brisk pace when the pandemic ends.
The legal action followed a monthslong investigation by attorneys general in Colorado and other states into whether the tech giant abuses the market power of its dominant search business.
Behold the Mighty Ant – WSJ [Video]
What are investors buying in the worlds largest initial public offering?