Amazon has a Marketplace problem

THE VERGE

All of Amazon’s worst moments at this week’s hearing somehow circled back to Marketplace, Amazon’s platform for letting third-party sellers list goods on Amazon.com.

In a Wall Street Journal report earlier this year, Amazon employees reported spying on sales figures for a popular car trunk organizer, then deciding to launch a near-identical Amazon-branded competitor based on the success of the product.) None of the problems are new, but this is the first time they’ve seemed like a real threat to the company, as antitrust crusaders look for cracks in Amazon’s imposing architecture. Increasingly, Marketplace seems to be the weak point they’re looking for. read more »

A Massive Bitcoin Flash Crash Just Created $1 Billion Of Crypto Chaos

FORBES

Bitcoin, after surging higher this week, has suffered a flash crash, losing around $1,500 from its price in matter of minutes.

The bitcoin price broke $12,000 per bitcoin on the Luxembourg-based Bitstamp exchange early Sunday morning only to plummet 12% to $10,500 within the hour. read more »