Tag: eCommerce
Robinhood blames record trade volume & itself for outages
It wasn’t the leap year, a coding blip, or a hack that caused Robinhood’s massive outages yesterday and today that left customers unable to trade stocks. Instead, the co-CEOs write that “the cause of the outage was stress on our infrastructure — which struggled with unprecedented load. That in turn…
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Amazon makes its same-day delivery service faster in select U.S. cities
Amazon this morning announced another step it’s taken to speed up same-day deliveries. The company has installed what it’s calling “mini-fulfillment centers” closer to where customers live in select U.S. markets, including Philadelphia, Phoenix, Orlando, and Dallas. The new facilities allow Amazon to reduce same-day delivery times down to just…
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Brooklinen raises $50M to open more stores and expand internationally
Brooklinen, a startup that sells bedding and other home goods online, has raised $50 million in new funding from growth equity firm Summit Partners. Recent headlines are spurring bigger questions about the direct-to-consumer retail business, with Blue Apron exploring a potential sale and Casper also disclosing disappointing growth and persistent…
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Daily Crunch: DoorDash files to go public
DoorDash prepares to go public, Roblox raises $150 million and Reddit’s CEO takes aim at TikTok. Here’s your Daily Crunch for February 27, 2020. 1. DoorDash, the $13B on-demand food delivery startup, says it has confidentially filed for an IPO The company said that its Form S-1 (a draft registration…
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Amazon all set to enter India’s food delivery market
Weeks after Uber exited India’s food delivery market, conceding defeat to local giants Swiggy and Zomato, a new player is gearing up to challenge the heavily-backed duopoly: Amazon. The e-commerce giant plans to enter the Indian food delivery market in the coming weeks, a person familiar with the matter told…
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Apple to begin online sales in India this year, open first retail store in 2021
For a decade, Apple has solely relied on third-party sellers, stores, and marketplaces to sell its products in India. That will begin to change this year. At the company’s annual shareholder meeting Wednesday, chief executive Tim Cook told investors that Apple will open its online store in India, the world’s…
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