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Retailers revive call for Internet sales tax

Amazon

Online sales are soaring. State budget deficits are growing. And tax-free Internet sales are once again in the spotlight. Congress is considering bills that would “level the playing field” by allowing states to require all online merchants doing business in that state to collect sales tax. Web retailers have largely had a free ride since a 1992 Supreme Court ruling that only merchants with a physical presence in a state are responsible for collecting sales tax.

 

Greece expels Olympic athlete over racist tweets

Voula Papachristou

Triple jumper Voula Papachristou was expelled from Greece's Olympic team Wednesday for her comments on Twitter mocking African immigrants and expressing support for a far-right party... Commenting on the widely reported appearance of Nile-virus-carrying mosquitoes in Athens, Papachristou wrote: "With so many Africans in Greece, the West Nile mosquitoes will be getting home food!!!". Her tweet prompted thousands of negative comments that snowballed Wednesday.

 

Foursquare Launches First Revenue Product: Promoted Updates

Foursquare

Foursquare is rolling out its first revenue product as the company moves from focusing on user growth to generating cash. The new Promoted Updates enables businesses to send promoted content to users. These updates will appear at the top in a prominent position in the “Explore” tab in Foursquare. That’s the section of the app that is for users to find businesses nearby. The Promoted Updates, like Google search ads, there is “intent” there while users are looking for a restaurant, bar or other business nearby, says Steven Rosenblatt, Foursquare’s chief revenue officer. Businesses pay on a “cost per action” performance basis for these ads. In some ways these updates are also like Twitter’s promoted Tweets.

 

HBO nixes idea of Netflix partnership

Netflix

Consumers who dream of watching HBO hits like "The Sopranos" or "Game of Thrones" by streaming to TVs using their Netflix accounts shouldn't hold their breath.

 

IAC Has Controlling Stake In Newsweek/DailyBeast

The Daily Beast

Barry Diller's IAC/InterActiveCorp. has taken a controlling stake in the Newsweek/Daily Beast joint venture, after the family of the late Sidney Harman decided to stop investing in the company.

 

Ex-Yahoo CEO becomes head of ShopRunner

Scott Thompson

Recently ousted Yahoo CEO Scott Thompson has landed a new job leading ShopRunner, an online service that provides two-day shipping from a variety of Internet retailers... ShopRunner began as part of GSI Commerce, which eBay bought for $2.4 billion last year. After that deal closed, eBay spun off ShopRunner into another company but still retains a 30 percent stake in the service.

 

Online campaign for bullied bus monitor hits $700,000

Karen Klein

Max Sidorov was so moved by the story of a bullied bus monitor that he started a campaign to raise money to send Karen Klein on vacation. His goal was $5,000. But the campaign had far exceeded that amount when it ended Friday night, raising more than $700,000.

Senh: What does she plan to do with the money? It's more than enough for a vacation. She should just retire on it.

 

Go online to watch big asteroid zoom past us

A city-block size asteroid will fly by Earth this weekend, well beyond the orbit of the moon, and you can watch it zip safely by live in an online webcast.

 

Mayer gets $70 million pay package to lead Yahoo

New Yahoo Chief Executive Marissa Mayer's compensation package could total more than $70 million in salary, bonuses, restricted stock and stock options over five years, according to a regulatory filing made by the company Thursday.

 

Facebook, Wal-Mart chiefs meet to "deepen" relationship

Wal-Mart's Facebook page has more than 17 million fans and the company also pays to advertise on Facebook. Expanding its reach online is key for Wal-Mart as shoppers increasingly shop on their computers, tablets and smartphones.

 

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