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EBay, Etsy earnings Q1 2022 reflect e-commerce crunch

An employee walks past a quilt displaying Etsy Inc. signage at the company's headquarters in the Brooklyn.Victor J. Blue/Bloomberg via Getty ImagesEtsy and eBay reported better-than-expected first-quarter results after the bell on Wednesday, but the companies gave weak guidance for the current quarter that suggests the e-commerce sector is cooling off after a pandemic-fueled boost.Shares of eBay fell more than 6% in extended trading, while Etsy's stock plunged as much as 12%.Here's how Etsy did, compared with expectations…

Facebook’s E-Commerce Bet Stumbles as Meta Looks to Revamp Its Ads Business

Facebook FB 0.43% parent Meta Platforms Inc. FB 0.43% developed e-commerce services in 2020 as people shopped more from home and the company faced a changing digital ad market. Two years later, employees, former executives and retailers say the division remains a work in progress.Some retailers say they are frustrated by Meta’s e-commerce rollout, noting that the service is missing basic…

Flipkart Says Will Train and Support Artisans, Weavers, Handicraft Makers in Bengal

Flipkart on Monday announced that it has signed a memorandum of understanding with the West Bengal government to train and support local artisans, weavers and handicraft makers to leverage its e-commerce platform to scale up their businesses nationally. The agreement was signed with the state's micro, small and medium enterprises and textiles department.West Bengal's MSME department Principal Secretary Rajesh Pandey said, “We are focused on deepening our commitment towards MSMEs in the state and helping their growth. This…