Groupon CEO Andrew Mason was fired after more than four and a half years during which he managed to cash out US$30-million and holding more than 46-million shares of the public company, valued at nearly US$1.4-billion at its peak.In January, CelebrityNetWorth estimated his net worth had crashed to about US$230-million. Groupon's share price has continued to fall since January.Groupon's woes are not good news for the tech sector because it's broadly perceived as a tech company yet it's not.Groupon's fall ...
Buying airplane tickets, the odd concert ticket, movie ticket and books online is pretty much where most of us feel comfortable when we talk ecommerce. We generally like to touch and feel things when we are looking at buying tangible goods. But while we have been looking and touching; the rest of the world has taken to ecommerce like a humpback whale to krill.A recently released eMarketer report estimates that Business 2 Consumer (B2C) ecommerce sales rose 21.1% in 2012 ...
Tired of the same old soap on a rope, bottle of wine or pair of socks Christmas present clichés? Want to liven up the present selection under the tree this year? Here are some of the most bizarre presents and festive season items to be found on Etsy and Pinterest.It might be a hangover from Movember, but there seems to be a much wider than expected range of moustache-related, festive-season themed paraphernalia to be had. So to keep the moustachioed ...
Today is Black Friday and you know what that means -- you’ll be hunting shops galore for amazing specials with discounts of up to 60% off selected goodies.Black Friday is the day after Thanksgiving in the United States. It’s the official start to the holiday season and retail outlets across the US will shell out huge discounts to attract as many Christmas Dollars as they can. It’s referred to “Black Friday” because it’s traditionally the first opportunity companies have to ...
Building an ecommerce business in Africa is a markedly different process from other, more developed parts of the world as well as other emerging markets. The business models, operations and marketing solutions that work for Amazon, for example, probably won’t work in Africa which is evolving very differently in terms of infrastructure and economic growth.Sim Shagaya, founder and chief executive of DealDey and Konga in Nigeria, has first hand experience building a successful ecommerce business model in a country with ...
It seems that yet another company has decided to enter the mobile wallet game... this time, it's telecommunications giant Vodafone. The group has reportedly partnered with mcommerce company Corfire and security company Gemalto to roll out a NFC-based mobile payments solution to its customers as early as next year.According to Corfire, the app would allow transactions like point of sale payments, and could potentially roll out to Vodafone customers in over 30 countries, making it "one of the biggest global ...
Ever tried to log into your Facebook or Google account, only to be asked to enter your credit card details? Of course the two most popular websites in the world would be a prime target for anyone looking to plant some malware, but according to a new study, it's getting more difficult to detect the threats.The latest report from cybercrime security company ThreatMetrix describes how a new version of the Zeus Trojan is targeting Facebook and Gmail log in ...
In case you missed it, South African retailer Exclusive Books just gamified its online store. Stickers -- its new DIY social discounts platform -- rewards you for rating their products and sharing them via Twitter and Facebook.Exclus1ves.co.za customers can now earn up to a 25% discount on books, ebooks, music, movies and games just by dragging and dropping stickers on to items they want. In case you've just logged on to the website and are wondering why on earth ...