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In the US, this accusation led to the imminent demise of TikTok: The EU has fined TikTok €530 million for transferring user data to China. TikTok now has six months to bring its app into compliance with EU regulations. Fortune
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Amazon generated revenue of $155.7 billion in Q1 2025, exceeding analysts’ expectations. However, Amazon warned for the first time that the new US tariff policy is likely to cause revenue in Q2 to fall short of analysts’ estimates. Forbes
The US government has responded harshly to Amazon‘s plans to list price increases resulting from the new tariff policy. Amazon then backtracked and stated that this plan had only been intended for Amazon Haul and never for Amazon itself. And that the plan had been abandoned. Reuters
eBay generated revenue of $2.6 billion in Q1, with GMV at $18.8 billion – a meager increase of 1% in both cases. eBay is also struggling to stabilize the number of active sellers. This has had consequences for personnel. Chief Financial Officer Steve Priest and Chief Product Officer Eddie Garcia have resigned. The new CFO is Peggy Alford, former EVP Global Sales at PayPal. The CPO function will be consolidated and divided between Jordan Sweetnam (new SVP Chief Commercial Officer) and CTO Mazen Rawashdeh. Valueaddredresearch
Vinted recorded a 36% year-on-year jump in revenue to €813 million in 2024, with net profit rising 330% to €76.7 million. New categories such as electronics and luxury fashion fueled growth. In addition, Vinted benefited from its expansion into new markets. AIMgroup
The Platform Group is benefiting from numerous acquisitions and has raised its profit forecast for 2025 from €40 million to €42 million to €47 million to €50 million. Wallstreet Online
What the Federal Court of Justice ruling on the ban on the sale of pharmacy-only products on Amazon means for brands and sellers – detailed explanation by pharmaceutical expert Gregor Leopold. LinkedIn
AI-Shopping News
Open AI is launching an attack on Google and Amazon: The new version 4o of ChatGPT features improved purchasing advice designed to help users select products. To do this, ChatGPT lists images, reviews, recommendations, and links to relevant offers.Initially, the feature will be limited to a few categories such as fashion, beauty, household goods, and electronics. Techcrunch
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