"Mercari" App Competes with eBay to Create Safe Space to Buy & Sell Goods
Mercari is an app that allows consumers to buy and sell good
through your smartphone. It's basically an alternative to eBay, creating a safe and reliable platform for people to sell stuff they don't need anymore. Mercari's CMO Scott Levitan sits down with Alyssa Julya Smith in Los Angeles to talk about how the app is setting itself apart from all the competition.
Levitan says the company has created a safe space that makes sure purchases are paid before they are sent out to help minimize fraud on the site. In December, Mercari surpassed 100 million downloads worldwide and the app is pushing its expansion even further into the US, after the Asian company has dominated much of that market.
The app also eliminates the need to meet face-to-face and creates a safe space to buy/sell, making it a safer choice than sites like Craigslist. Buyers simply search, swipe and tap to purchase, and sellers can post their listing in under a minute.
Kraft Heinz is splitting into two companies a decade after they joined in a massive merger that created one of the biggest food companies on the planet. One of the companies will include brands such as Heinz, Philadelphia cream cheese and Kraft Mac & Cheese. The other will include brands like Oscar Mayer, Kraft Singles and Lunchables. When the company formed in 2015 it wanted to capitalize on its massive scale, but shifting tastes complicated those plans, with households seeking to introduce healthier options at the table. Kraft Heinz's net revenue has fallen every year since 2020.
About 780,000 pressure washers sold at retailers like Home Depot are being recalled across the U.S. and Canada, due to a projectile hazard that has resulted in fractures and other injuries among some consumers.
President Donald Trump has fired one of two Democratic members of the U.S. Surface Transportation Board to break a 2-2 tie ahead of the board considering the largest railroad merger ever proposed.
Ford is recalling more than 355,000 of its pickup trucks across the U.S. because of an instrument panel display failure that’s resulted in critical information, like warning lights and vehicle speed, not showing up on the dashboard.
