THE NEWS WRAP: Amazon unveils plans to launch local services marketplace
Tuesday, June 10, 2014/
Amazon plans to launch a marketplace for local services – a term which encompasses anything from babysitters to tradespeople, according to a Reuters report.
The e-commerce giant will gauge demand and test logistics before beginning the expansion of the service, much like the way it launched its grocery delivery service Amazon Fresh, which was initially tested in Seattle before expanding to San Francisco and Los Angeles.
Google acquires Skybox Imaging
Google has paid $500 million in cash for Skybox Imaging, a company that provides high-resolution photos using satellites.
In a statement announcing the acquisition, Google says Skybox’s satellites will help keep Google Maps accurate with up-to-date imagery.
“Over time, we also hope that Skybox’s team and technology will be able to help improve internet access and disaster relief – areas Google has long been interested in,” the statement says.
About.me raises $11 million
About.me, the startup that enables its users to create a simple page where you can find information about them online, has announced it has raised $11 million.
The company says it will use the money to invest in new features and to make its platform easier to use.
The Dow Jones Industrial Average is up 2.82 to 16,945.92. The Australian dollar is currently trading at US94 cents.
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