Ecommerce News

Tech Down as FedEx Warning Bodes Ill for Ecommerce — Tech Roundup


Shares of technology companies fell as FedEx’s warning about slowing demand boded ill for e-commerce concerns.

Amazon.com, Wayfair and others declined markedly after FedEx’s comments.

Chinese Internet company ByteDance is offering to buy back shares from its investors, allowing them the chance to cash in after the TikTok owner ruled out plans for an initial public offering.

Uber Technologies is responding to a cybersecurity breach after a hacker claimed to have gained widespread access to the company’s computer systems.

Kahoot! shares rallied after investment firm General Atlantic agreed to buy Softbank Group’s 15% stake in the Norway-based game-based learning and trivia software company.

Write to Rob Curran at rob.curran@dowjones.com



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