E-commerce giant Alibaba Group Holding is currently facing sexual allegations from one of its employees, saying that her boss and client sexually assaulted her.
Amazon got into the cloud early, and continues to dominate with Amazon Web Services (AWS). Now the company is reportedly planning to dominate the ground -- the entire fulfillment process, global shipping and logistics -- with a new in-house division called Global Supply Chain (GSC) by Amazon.
This week in social media, Facebook finally decided to support animated GIFs, Twitter lost a high-level executive, and Snapchat raised even more money.
This week in social media, Facebook acquired shopping search engine TheFind.com, Twitter pressures Meerkat, and Snapchat gets another major investment but loses a long-time executive. All of the week's top social media news and more, now at its new home on Sundays at Latin Post!
Alibaba, the Chinese Internet commerce giant coming to U.S. markets soon in the form of an initial public offering, just unveiled which exchange the much-anticipated stock will trade on. The New York Stock Exchange won the big name in yet another step toward a huge IPO.
The world's largest e-commerce company is reportedly set to make the biggest initial public offering in U.S. history. Alibaba Group Holding Ltd., based in China, filed the paperwork with the Securities and Exchange Commission on May 6, and it could raise up to $1 billion. According to CNN, the New York Stock Exchange (NYSE) and Nasdaq are competing for Alibaba's presence on their exchange. Alibaba, said to be a mixture of Amazon.com, eBay, and Google rolled into one company, earned a net income of approximately $1.4 billion in 2013 on $5.6 billion in revenue courtesy of 231 million active buyers.
