Expedia shares jump, Amazon Payments, VCs on IPOs, & more |
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Expedia shares jump, Amazon Payments, VCs on IPOs, & more
Online travel site Expedia's shares jumped after the company beat revenue estimates for the first quarter. Bellevue-based Expedia reported revenue of $635.7 million, down 8 percent a year ago. Net income was $39.7 million, down from $49.8 million the same quarter a year ago.
Amazon.com says its Amazon Payments service is gaining traction. The Seattle online retail giant said more than 25 shopping cart and ecommerce platform providers -- including CardinalCommerce,Miva Merchant, Magento, ShopVisible, Mercantec, and Zoovy -- have included Amazon Payments in their offerings.
The National Venture Capital Association is calling on the Securities and Exchange Commission to help spur the slumping IPO market by easing corporate governance laws for startups and providing tax relief to IPO investors.
Peter Wilson, Google's Kirkland engineering and site director, was named today to the Experience Music Project and Science Fiction Museum board of directors.
Seattle-based supercomputer company Cray narrowed its net loss in the first quarter to $4.9 million, from $12 million the same quarter a year ago. Revenues rose to $74.5 million from $26.1 million the same quarter in 2008.
Drugstore.com says its Q1 revenue set a record at $98.3 million, helped by a one-time $1.2 million benefit from settlement of a sales tax case in New Jersey. The online pharmacy company reported first quarter net income of $1.3 million, up from a net loss of 2.7 million in 2008.
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