Google needs to get shopping in e-commerce fast, says top analyst - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

A top Wall Street tech analyst says Google is 'less relevant' in e-commerce since the pandemic — and it needs to develop or acquire to start gaining ground on rivals like Amazon

Companies such as Amazon and Shopify have seen huge tailwinds to their e-commerce businesses during COVID-19.One top Wall Street analyst says it's something Google "needs to address" in the coming months. "I don't know if they have to acquire or develop their way back," he said.

"There's clearly this spike in e-commerce activity – that's what's behind the rise of Amazon, eBay and Shopify – and at some level you wonder is Google less relevant to overall e-commerce than it used to be?" RBC analyst Mark Mahaney told Business Insider.Amazon has seen a monumental boost to online shopping during the pandemic,and exceeding Wall Street expectation by a whopping 600%. Meanwhile, Shopify reported a revenue jump of 97% from a year earlier.

Prabhakar Raghavan – previously SVP of ads, commerce and payments – to the top of a huge internal structure where he'll also oversee search and geo, which could help Google in its efforts to push shopping.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

They pretend to be weak because they are strong. Google should be broken up.

You are investing $10 billion in india in near future how much have you given to the American communities where you breed the bulk of your money?.You force consumers to use your products and discriminates a lot by confiscating their data and no privacy for customers.

phuck Google

dlaczego google mnie prześladuje i szpieguje, nie rozumiem tego nie jestem żadnym przestępcą a oni mnie szpiegują.

google is a search engine legs apart

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Inside story: Humana's $100 million bet on telehealth startup Heal - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Gold price pushed to record high by Beirut explosion, analysts say - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Ermmmm.....no. Hello friends! Join me today if you are interested in earning Bitcoins worth $20k and above just in 3 months, a new way of making some real good money. Send a message to learn more
Source: BusinessInsider - 🏆 729. / 51 Read more »

Unemployed during coronavirus pandemic: Business Insider survey - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Well Good Evening, check me out then Work at a university. So yup. Unemployed. And they are clueless how to reopen so far.
Source: BusinessInsider - 🏆 729. / 51 Read more »

33 fast-food menu items you will never be able to order again - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Google foldable Pixel phone release date coming in 2021, report claims - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. They will cancel it last minute like they always do with their hardware
Source: BusinessInsider - 🏆 729. / 51 Read more »