"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.
A total of 33 states and the District of Columbia now allow at least some form of sports wagering, but the prospects are mixed for expanding sports betting to additional states this year.
Neel Shah and Caitlin Kelly describe how their company EZ Newswire fared following Silicon Valley Bank's stunning collapse as other banks are feared to be in similar precarious states.
This photo taken on Feb. 24, 2023 shows a XPeng X2 flying car at the headquarters of XPeng Aeroht in Guangzhou, south China's Guangdong Province. Guangzhou, one of China's major car manufacturing bases, has been striving to attract investment in new energy vehicle NEV industry in recent years.
Tom Graff, head of investments with Facet Wealth, joined Cheddar News to discuss what investors should know about the stock market amid concerns about the banking sector.
Adam Bry, co-founder and CEO of drone manufacturer Skydio, joined Cheddar News to discuss the company's latest funding round and the Russia-US drone collision.
Credit Suisse saw its shares stabilize after the Swiss National Bank approved a loan of nearly $54 million for the company. A top investor notified Credit Suisse on Wednesday that it wouldn't be able to provide further assistance to the lender.
