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Recode:
Survey: 19% of Amazon professional merchants, third-party sellers who sell 40+ items/month and pay a subscription fee, had $1M+ in sales, up from 10% in 2017   —  Nineteen percent of these merchants grossed more than $1 million in sales, up from 10 percent last year.
May 27, 2018, 2:55 PMIn context
Jason Del Rey / Recode:
Amazon says the Echo that recorded a private discussion interpreted background conversation as action confirmation, leading to recording and sending to contact   —  A couple says their device secretly recorded a private conversation of theirs and sent it to an acquaintance.
May 24, 2018, 7:30 PMIn context
Jason Del Rey / Recode:
Sources: Walmart has quietly launched Jetblack, members-only personal shopping and concierge service, now in beta in Manhattan   —  The initiative, led by Rent the Runway's co-founder Jenny Fleiss, is being tested in Manhattan.  —  Code Eight, a stealthy personal-shopping startup incubated inside …
May 18, 2018, 5:10 PMIn context
Jason Del Rey / Recode:
Amazon says its board has adopted a “Rooney Rule” to increase board diversity, after its initial opposition sparked employee outrage   —  The company says it is merely formalizing a practice that was already in place.  —  Amazon said on Monday that it would adopt a policy whereby women …
May 14, 2018, 5:35 PMIn context
Jason Del Rey / Recode:
Emails shine light on diversity policy for board hires at Amazon, an industry laggard that counts 0 people of color on board and ~74% of its execs as white men   —  “We don't need more effort, we need COURAGE.”  —  In 2018, Amazon is a model for business excellence in many ways.
May 8, 2018, 1:50 PMIn context
Jason Del Rey / Recode:
Former Ticketmaster CEO Nathan Hubbard has raised $30M+ over the last 18 months from a16z, pro sports teams, others for his new ticketing startup Rival   —  His startup, Rival, has raised more than $30 million from Andreessen Horowitz, Upfront Ventures and several pro sports teams.
May 4, 2018, 7:55 PMIn context
Jason Del Rey / Recode:
Sources: Birchbox sells majority ownership to one of its hedge fund investors, Viking Global, which will invest $15M more, after sale talks with QVC fell apart   —  Viking Global Investors is the new majority stakeholder in the beauty startup.  —  After many months of acquisition talks …
May 1, 2018, 4:45 PMIn context
Jason Del Rey / Recode:
Amazon will raise the US price of Prime for the first time in 4 years, from $99 to $119; change will take effect for new subs May 11 and existing subs June 16   —  The increase is effective for new customers starting May 11.  —  Amazon is increasing the price of its Prime membership in the U.S …
Apr 26, 2018, 5:50 PMIn context
Recode:
Sources: Postmates and DoorDash CEOs have discussed possible merger at least once to better fight competitors; Postmates has also discussed a sale to GrubHub   —  Postmates faces a challenge: Profitability seems a long way off, and rival DoorDash has a big investment from SoftBank.
Apr 6, 2018, 6:55 PMIn context
Jason Del Rey / Recode:
Warby Parker raises $75M round led by T. Rowe Price, sources say at a valuation of $1.75B   —  The company has now raised nearly $300 million in total.  —  Warby Parker's co-CEOs continue to talk about an IPO like it's a “when,” not an “if.”  But the “when” still isn't now.
Mar 14, 2018, 11:35 AMIn context

Sponsor Posts

Microsoft:
Winning hackathon project now helping millions read and write  —  Teacher Merlyne Graves used to spend hours recording for her students who struggled with reading.  Not any more.
IBM:
IBM will give $200,000 to a team that can come up with a solution for natural disaster preparedness  —  Call for Code, The initiative for developers to use their mastery of the latest technologies, to build solutions that can change the world.
eero:
Another day, another cyber security threat. eero keeps your network protected.  —  VPNFilter is the latest router-based malware and is estimated to affect over 500,000 consumer routers.
Zoho:
At Zoho Recruit, We Take Workflows very Personnel-ly  —  Here's the thing about workflows.  They are very difficult to understand until you actually start working with them.  —  But, for recruiters …