Ecommerce

Airbnb Poaches Blackstone CFO on Path to IPO

Airbnb, the vacation rentals startup, announced Friday that it hired Laurence Tosi away from Blackstone  to join the company as chief financial officer. The hiring of Tosi, who spent seven years as CFO at the private equity firm, could be a signal that the $25.5 billion startup is nearing an IPO.

Groupon Appoints New CEO, Forecasts Weak 2016

Groupon Inc, the operator of daily deals website groupon.com, said co-founder Eric Lefkofsky was stepping down as chief executive and returning to the role of chairman, effective immediately.

Amazon Expanding Deliveries by 'On-Demand' Drivers

Amazon.com is quietly inviting drivers for its new "on-demand" delivery service to handle its standard packages, as the online retailer looks to speed up delivery times and tamp down its growing multi-billion dollar logistics bill.

LinkedIn Shares Fall 40% on Forecast, Analyst Downgrades

LinkedIn might be the go-to website for job seekers and other professionals to grow their business connections, but it was not one Wall Street wanted to touch Friday as the share price was under considerable pressure.

Alibaba's 3Q Earnings Beat Expectations

Alibaba reported an adjusted 3Q profit of $0.99 per share, topping the estimate for $0.87. Revenue for the company came in at $5.33 billion, also beating the estimate for $5.03 billion.

Amazon 2Q EPS Results Miss Views; Shares Off 3%

Amazon.com posted 2Q per-share results Thursday that missed expectations. The online retail giant weighed in with a loss of 2 cents a share on revenue of $15.7 billion. The stock is off 3% in after-hours trading.

Don't Be Shocked If Market Tests Lows

We’ve been moving more or less sideways, but I’d be surprised if the current lows aren’t tested – and broken – in weeks to come.

Amazon Earnings: What to Expect

Amazon reports earnings after the bell Thursday with Wall Street forecasting revenue of $20.8 billion. Expect investors to be focused on topline growth and operating margins.

Alibaba’s IPO: Should You Buy Into the Hype?

If Alibaba can continue to scale domestically at or near those margin levels, it can do so internationally as well, and it could represent the most profitable and scalable business models of any large cap tech company on Earth.