Holy Cow, You Spent $35.3 Billion Online This Holiday Season

Online spending this holiday season is 15 percent higher than last year, says comScore.
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Nokia's Stephen Elop Didn't Start the Fire–But His "Burning Platform" Certainly Lights One

Memo to tech CEOs everywhere: Now that’s how to write an internal memo. That would be the 1,300-word one that Nokia CEO Stephen Elop apparently penned for employees at the Finnish telecom giant, which inevitably leaked to the media. In it, he uses the harsh but cogent metaphor of a burning oil platform to take a bracing opening shot at turning around Nokia.

Walmart.com Bulks Up, Aims at Amazon, eBay

Wal-Mart is the world’s biggest retailer, but online, it’s still a relative piker. Now the company is trying to change that by opening up its Web store to other retailers–just as its biggest competitors already do. But no need for Amazon and eBay to start sweating just yet.
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The Great E-pression

Call it the Great E-pression. Online spending growth in October fell to its lowest rate in seven years, and given the tenor of economic news these days, it’s almost certainly headed lower still. According to research outfit comScore, online spending grew by just one percent over October 2007.