Financial results

Amazon suffers 2014 net loss

Amazon suffered a 2014 net loss of $241 million compared with net income of $274 million in 2013, though worldwide 2014 revenue increased 15 percent YOY to $29.33 billion. The recent increase of Amazon Prime membership seems to have paid off for the online marketplace giant, as has the introduction of the Fulfillment by Amazon paid seller service. The fourth quarter brought a net income of...

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Dice income up 70%, OpenWeb expands

Dice Holdings’ $27.6 million net income for 2014 exceeded the prior year by nearly 70 percent, according to the company’s Q4 and end-of-year 2014 earnings release. The company owns the tech jobs site Dice.com, which advertised 80,000 positions daily in 2014. Its Energy and Healthcare segments showed the best 2014 boost in revenue, with Energy up 30 percent year over year (YOY), and...

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TrueCar signs 10k dealers, targets millennials via mobile

Scott Painter, founder and CEO of vehicle valuation firm TrueCar, recently told the Automotive World Congress audience that in the coming week dealers committed to TrueCar will exceed 10,000.  At that point the auto site will have surpassed a long-stated goal of one of every three U.S. new car dealers.  Painter shared important plans focused on selling to millennials by way of...

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Carvana revenue soars nine-fold in 2014

Dealer-less auto marketplace Carvana is No.5 on Forbes Magazine’s list of 20 most promising private companies for 2015. The DriveTime-funded digital sales site jumped its revenue from $5 million in 2013 to $45 million in 2014. Forbes gives credit for that success to funding, financing, and home delivery of vehicles. Several other online marketplaces and advertising vendors made the list...

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Activist investor targets Gannett board

Activist investor Carl Icahn — fresh from a victory at EBay, where he forced the company to split itself into two and just signed a shareholder agreement — now has Gannett in his sights. He’s starting a proxy battle to put two of his representatives on the board at Gannett Co. Inc., which has already announced plans to split itself into two. The Gannett fight is being well-covered...

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EBay lays off 2,400; Marketplace disappoints

On its fourth quarter 2014 and end of year earnings call, EBay president and CEO John Donahoe announced the layoff of 2,400 employees, about 7 percent of its entire workforce. While not breaking down by segment, EBay CFO Robert Swan said that the layoff numbers were “a little higher on the Marketplace side.”  The disappointing financial results for EBay Marketplace were certainly...

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