Meta’s Abandoned Shopping Cart: How Mark Zuckerberg’s Commerce Plans Went WrongView Now

markets e-commerce

Block’s Square Business Bounces Back From Omicron Slowdown

Payments company Block said growth in gross payment volumes for its merchant-focused Square business, which includes powering checkout services for physical retailers and restaurants, slowed in January due to effects of the omicron variant but was bouncing back in February. The company expects Square payment volume for those two months combined to be up 35% versus the same period last year. ...

Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Latest Articles
 
The 1:1
‘I’m Not Looking Where the Puck Is Right Now’: Katie Haun Picked an Awkward Time to Launch a Crypto Fund
Katie Haun. Photo by Bloomberg
Katie Haun has set up the offices of her new venture capital shop surprisingly close to her old one. Always security conscious from her time battling cybercriminals for the U.S. Department of Justice, Haun prefers to keep the precise location of her exceedingly well-funded Haun Ventures secret. Suffice it to say a skilled golfer at the nearby Sharon Heights Golf and Country Club in Menlo Park,...
Latest Briefs
 
Binance Discloses $570 Million Hack of BNB Blockchain
TSMC Reports Better-Than-Expected Revenue Despite Chip Industry’s Slowdown
Amazon Cancels Scout Delivery Robot
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
Photo of Mark Zuckerberg by Bloomberg. Art by Mike Sullivan
Exclusive e-commerce amazon
Meta’s Abandoned Shopping Cart: How Mark Zuckerberg’s Commerce Plans Went Wrong
It was 2020 and Mark Zuckerberg’s focus on his latest project began to intensify. Online shopping was booming, and the CEO of Facebook—now called Meta Platforms—wanted to transform Facebook and Instagram into shopping destinations.
Creator Economy Database startups
The Buzz Over Creator Economy Dulls to a Quiet Roar
The creator economy is going through a shakeout. Tech companies focused on creators are laying off workers, shelving products and curbing perks such as cash advances for online influencers.
Matt Mazzeo. Image via YouTube
Exclusive
Coatue General Partner Matt Mazzeo Departs to Launch Fund
Matt Mazzeo, a general partner at New York-based investment firm Coatue Management since 2018, has left to start his own investment fund, according to two people with direct knowledge of the matter.
John Curtius. Art by Mike Sullivan.
venture capital
Tiger Global’s Tech Portfolio in Limbo as Key Partner Curtius Exits
John Curtius over the last two years became synonymous with the most disruptive force in venture capital—Tiger Global Management.
Photo Sampei Omichi. Art by Clark Miller
My Life's Work culture
The Founder Who Escaped Deportation by Building a Business in 60 Days
It was early 2021 when Sampei Omichi’s deportation countdown started: He had 60 days left on his student visa before he would have to leave the country.
Art by Clark Miller.
Market Research culture
Silicon Valley’s ‘Swag Gap’: A Colorful Rival Comes for Patagonia’s Abdicated Throne
Earlier this month, Peter Coats was milling about a block party in San Francisco’s Glen Park neighborhood wearing one of his most discussed articles of clothing: a Cotopaxi windbreaker with army green and blue colorblocking across the chest and a barely visible Google logo on the sleeve.