Amazon threat wipes $87 million US off Trade Me value

08 Aug 2017
The share price of New Zealand’s leading online marketplace and auction site dropped to a six-month low on Tuesday, wiping about $120 million NZD ($87 million U.S.) off the company's market capitalization, following negative reports from analysts.

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Angela Hawksford

Angela is a writer and journalist based in Sydney, Australia. She has extensive knowledge of the Australian real estate industry, having started her career in real estate advertising at News Limited newspapers, where she worked across a number of different mastheads in Sydney. She s also worked in television, magazines and online, and regularly contributes feature articles to The Sydney Morning Herald, MiNDFOOD and The Newcastle Herald.Angela also works as a content writer, creating written content for a number of SMEs across an array of industries, including real estate, education, technology and digital media.