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Articles tagged with: retailers

California Signs “Amazon Tax”, Amazon Threatens To Cut Ties

California has just signed the Amazon Tax, a tax that will allow it to collect sales tax from online transactions. In the last court battle regarding taxes, Amazon was backed by the US Supreme Court from the 1992 ruling, stating that companies cannot collect sales tax in states where they do not have a physical presence.

States are now looking to expand that definition to include Amazon affiliates who make money off commissions. Amazon had also said it would cut ties with its estimate 10,000 California affiliates if the bill was signed, and Jerry Brown signed it yesterday.

Advertising Startup, TellApart, Raises $13M Funding

An advertising startup that uses a pay-for-performance model, called TellApart, announced today that is has successfully raised $13 million in Series B funding led by Bain Capital, which brought the total amount raised to nearly $18 million.

The company was founded by two former Google product engineers, Josh McFarland and Mark Ayzenshtat. TellApart assigns a Customer Quality Score to each individual customer, based on the customer’s onsite behavior patterns (products viewed, items purchased, etc.). The data is then compiled into a CQScore that distinguishes high value customers from ordinary customers, hence the name, TellApart.

Pandora Raises Share Price By $3 In IPO

It looks like Pandora has changed its mind on its shares of stock since it’s original IPO (initial public offering). The company has just issued an amendment raising the share price from $10-$12. This is a $3 per share raise from its original average, and brings the company’s valuation from $1 billion to nearly $2 billion.

Since there are nearly 15 million shares up for the taking, Pandora expects to raise about $203 million from the initiative, or $60 million more than it’s original offering. Pandora currently rocks a user-base of 94 million, compared to 53 million the previous year. Likewise, users spend two times more time on the site than they had the previous year (rising from 0.7 billion hours to 1.6 billion hours).