"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.
Eric Lynch, managing director of Scharf Investments, joined Cheddar News to discuss market trends and what lies ahead as the Federal Reserve paused interest rate hikes.
On this edition of Stretching Your Dollar, AJ Ayers, certified financial planner and co-founder of Brooklyn Fi, provided some tips on how to boost your credit score.
The Federal Reserve, having raised interest rates at the fastest pace in four decades, is poised Wednesday to leave rates alone for the first time in 15 months to allow time to gauge the impact of its aggressive drive to tame inflation.
On Tuesday, the Bahamas Supreme Court allowed FTX founder Sam Bankman-Fried to review the terms of his extradition and temporarily delayed the country from agreeing to let U.S. prosecutors pursue criminal charges against him.
Microsoft's planned $69 billion purchase of video game company Activision Blizzard was blocked by a federal judge Tuesday, giving more time for an antitrust review of the deal.
Consumer prices in the United States cooled last month, rising just 0.1% from April to May and extending the past year's steady easing of inflation. At the same time, some measures of underlying price pressures remained high.
People are using apps more than ever to help manage and save their money, and it's hard to know which ones work best. We recently sat down with Insider financial correspondent Jennifer Streaks to help us break down some of the best apps out there right now.
