Ecommerce

Priceline CEO Quits over Relationship With Employee

Priceline Group said Chief Executive Darren Huston had resigned, effective immediately, following an investigation related to a personal relationship that he had with an employee under his direct supervision.

Wal-Mart Expands Online Grocery Pickup to Eight More Cities

Wal-Mart Stores is expanding free curbside pickup of groceries into eight new cities this month including Kansas City and Austin as the retailer gains confidence it can make the strategy work on a larger scale, a senior executive told Reuters.

True Ventures Closes $290 Million Fund

True Ventures, an early-stage  venture firm, has closed a $290 million fund. This is the fourth fund for the firm, having raised almost $900 million since 2005.  

Most Venture Funding Since 2001

The second quarter of this year saw the most U.S. venture funding since the dotcom boom days, according to data from Thomson Reuters and the National Venture Capital Association.

Bitcoin Investment Skyrockets

There has already been more venture capital poured into digital currency bitcoin this year than all of the last year, CoinDesk data shows. In fact, $113 million has been invested into bitcoin startups in 2014.

Yelp is Now Profitable

Yelp reported a 61% increase from the same period last year with $89 million in revenue for the 2Q, beating analysts' estimates of $86 million.

Amaya CEO Baazov Goes on Indefinite Leave

Amaya Inc Chief Executive David Baazov was taking an indefinite paid leave of absence, the Canadian gambling website operator said, a week after Baazov was charged with insider trading by Quebec's securities regulator.