News Byte

Etsy Sellers Grossed $895M in 2012

Etsy said today that its online marketplace sales grew 70 percent to $895 million in 2012, with total membership nearly doubling to 22 million. But the eight-year-old company takes in only a sliver of that revenue, by charging fees of 3 percent to 3.5 percent per transaction, $0.20 per listing and additional amounts for advertising.

Having Swapped Out Its Original Plan, ThredUp Gets $14.5M for Used-Clothing Sales

ThredUp’s new centralized model beat out its original peer-to-peer clothing exchange.
ThredUP

Mac App Store Lacks Social Apps, Save for Twitter

Social apps are few and far between for the grand opening today of Apple’s Mac App Store, meant to be a desktop app marketplace equivalent to the highly successful app stores for Apple devices.