Tag: online shop

Here you will find all the articles with the tag: online shop.

Shopify cuts 10 percent of workforce as online shopping slows

Shopify cuts 10 percent of workforce as online shopping slows

The post-pandemic slowdown in online shopping forced the tech giant to slash jobs. This week Reuters reported that Canada's Shopify is laying off 10 percent of its workforce as the e-commerce company struggles with slowing growth due to a pullback in online shopping. The move comes after the com... Read more

date2 months ago
Amazon posts first quarterly loss since 2015

Amazon posts first quarterly loss since 2015

Plagued by higher costs and slower growth, the company sees "challenges" ahead. Amazon posted its first quarterly loss in seven years, according to reporting in The Wall Street Journal. The disappointing results reflect broad economic trends related to a slump in online shopping, higher costs f... Read more

date5 months ago
European Commission launches competition investigation into Amazon

European Commission launches competition investigation into Amazon

The European Commission has opened a formal competition investigation into Amazon. The Commission would like to know whether the use of sensitive data from independent sellers selling via the Amazon web shop is in breach of EU competition rules. Amazon is a webshop that sells its own products. Howev... Read more

date3 years ago
AI predicts before purchase whether a user will return a product

AI predicts before purchase whether a user will return a product

Researchers from Google and Indian e-commerce company Myntra Designs have developed an Artificial Intelligence (AI) that can predict how likely it is that a customer will return a product before the purchase has taken place. The researchers trained a machine learning model on a dataset of, among ot... Read more

date3 years ago
Amazon fell victim to large-scale fraud

Amazon fell victim to large-scale fraud

Amazon states that it has been the victim of "large-scale" fraud. Unidentified hackers were able to transfer money from vendor accounts to their own bank accounts for six months. Amazon thinks it was the victim of an online attack by hackers who broke into about a hundred vendor accounts. They then... Read more

date3 years ago
GoDaddy takes 15,000 subdomains used by scams offline

GoDaddy takes 15,000 subdomains used by scams offline

Web hosting provider and domain registration company GoDaddy has taken over 15,000 subdomains offline. The subdomains were used as part of a spam operation, which tempted users to come to web pages selling fake products. Users received a spam mail promoting a product, writes ZDNet. If a user clicks... Read more

date3 years ago