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Poshmark Files For IPO After Posting Record Profits

PYMNTS

Secondhand eCommerce platform Poshmark filed for an initial public offering (IPO) after posting more than $30 million in profit across two consecutive quarters. “We We only recently became profitable and have experienced net losses. The Silicon Valley startup posted a net loss of $14.5 million last year.

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Paytm’s Long Walk To Profitability 

PYMNTS

Paytm is perhaps the largest and best-known domestic name in mobile payments in India, but it continues to struggle on the path to profitability. As of its last earnings report, Paytm’s parent firm One97 reported a veritable explosion in losses over the last year, largely driven by the increasing cost of doing business.

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Alibaba eCommerce Rival Pinduoduo Secures $1B In Funding

PYMNTS

Chinese upstart eCommerce site Pinduoduo (PDD) is raising more than $1 billion to help compete with Chinese giants like Alibaba and JD.com, according to reports. The company puts a twist on the traditional eCommerce playbook by offering a social aspect – shoppers who team up with friends or family can get discounts by making group orders.

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Digital Retail Investments Are Paying Off In Q3

PYMNTS

As the year winds down – and holiday shopping picks up – clarity is emerging about which retail investments might pay off in the new decade, and which merchants might be in trouble. Even so, some of the most recent earnings from the retail sector indicate that some investments in emerging areas of commerce are paying off.

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Q3 Ad-Buying Rebound Bodes Well For Holiday Sales

PYMNTS

Are media buyers burning through budgets at the last minute just to preserve them for a better shot next year, or will the ad rebound collectively help recoup 2020 losses with holiday sales? billion, while profits jumped 29 percent to $7.84 billion in revenue and profits of $5.53 Google parent Alphabet Inc.

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Top News In Payments: Uber Eats Adjusted Net Sales Surge 154 Pct; NYSE Owner Abandons Plans To Buy eBay

PYMNTS

Uber is aiming to deliver a profit by the end of this year by extending its platform model into other businesses, such as freight and food delivery. In a recent survey, only 45 percent of PropTech investors said they would make new investments in the field this year, as opposed to 64 percent last year. PYMNTS has updates.

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How To Drive Success In A Digital 3.0 World

PYMNTS

In 1979, psychologists Daniel Kahneman and Amos Tversky developed the Prospect Theory , one of the foundations of behavioral economics for which they would win the Nobel Prize in 2002. This theory posits that people, generally, are willing to accept a more modest upside gain to avoid what they perceive to be a significant downside loss.