then there's another ecommerce genius.s among the most successful internet consulting companies. june of 1999. it comes public at $16 per share. he said of the year it is at 105. market excess. they started laying people off left and right and the company was sold for just $nick million. up 5% of the value. consider this one. march 1st. another consulting firm created by the merger of two officials. the stock peaked at $52. then the company ultimately folded barely more than a area after the merger. stock was trading for pennies. commerce won. ecommerce came public july of 999. the stocks soaring from 20 to over $600. not long after the stock collapsed. the company filed bankruptcy. vertical net. this is the business procurement play. really rapid revenue growth even though it is losing gobs of money. the company ended up selling. not a shadow of what it used to be. how about purchase pro.com? that's supposed to help hotels and casinos pool their purchasing power online. it ended up selling its own executives to jail. at i

there's more ecommerce now, so why would this work now?rtainly you've seen new products, right? so satya nadella has put the strategy forward. microsoft saying they want to be a player in consumer devices, they want to take on apple and google. he has products to show, phones, tablets. talking to some of the kids on this line, they weren't just talking about macklemore. some were coming in to buy phones, buy tablets. there's products he wants to show. and you go that that store, jon, it's a very sleek, cool, minimal look. that's part of it, too. they want their customers to have that experience in these stores, guys. >> josh, we appreciate that. between what's going on there retail-wise, jon, and what angela is about to do at apple, that will get interesting from a retail stand of point. >> and at the end of the year, too, with best buy. they said a couple of quarters would be rough. we know google will unveil android wear. we know motorola will come out with the 360, its watch. lg has a watch. these are all products you have to try on, to

the ecommerce joint filing its prospectous last night, giving investors a window into its business.ba now controls 80% of the chinese online market, and it is growing fast. its revenue jumping 62% at the end of 2013. yahoo! of course, stands to gain from alibaba's ipo given its 23% stake in the company. exactly how much depends on alibaba's valuation and various tax considerations. stifle says 7.5 billion, cantor says $11 billion. now, what will yahoo! do with all that money? analysts say yahoo! could use the money to issue a dividend or buy back more stock. yahoo! has already repurchased $6 billion worth of stock since the beginning of 2012. yahoo! could also use the money, of course, to do acquisitions. the company under marissa mayer's watch has completed multiple acquisitions, including summly and tumblr. collin gillis of dgc has a suggestion for mayer's consideration, given its strong position in individuvideo and p. they say the ceo has to be very careful, unlike facebook whose core business is performing well, yahoo! remains a turnaround story. analyst investors won't give he

nearly everything he buys now is bought on the virtual bizarre of ecommerce giants ali baba. he is on multiple times a week, purchaseing furniture, guitar and today food for his cat. >> it changed my mine. >> reporter: it's a national obsession in china. in a country where could have been seumers mainly save, within they do shop, many log on and browse here. on cow bell which means search for treasure, you can buy an outfit, try it on and hand it back to the delivery man to have it returned. can you buy something and have it delivered right to your door. millions of these packages are shipped out across the country. >> it can easily describe the style, which is hard to get from the supermarket to shoppers. >> reporter: today this cat food is come sfrk a warehouse across town in by a jenning. this retailer, one of the 7 million used to have a proper pet food store but switched to sales online. >> we have more customers with their online shops. they're all over china. not just limited to beijing, he says. it's good for business he got his cat food in less than a day after payin

i would be looking at ecommerce. ecommerce is obviously -- i really believe for walmart, walmart and all the brooks and mortars are actually moving into that area. it's not just lip service. it's a significant part of future growth. they've got to do it. we talk about the weather. they've also been disrupted i suspect by price comparisons, people who shop at home on amazon and other services. i would suspect that's something they're making progress in. remember, next quarter is the one they have to prove this quarter was impacted by the weather, stocks down just 2% or so. this is not like some company that's suddenly imploding. they had a really bad quarter. >> they had a really bad quarter but they have had a number of quarters that have missed, one of the worries for analysts. what are analysts telling you they want to see done at the company? >> to be honest many are giving walmart a pass. this low income consumer is struggling and takes a lot to move the needle at walmart. they came out with five innovations, insurance program, video game program. they are trying but not enough t

the fact when you have such a large factor in ecommerce it is the world's largest ecommerce company andmmerce growing very rapidly, that means a lot of currency can move in and out of goods and services, but the government is looking at and needs to have involvement with it. >> do you understand the packs purposes? nobody seems to know or understand. >> well, the taksim politics they are referring to is the variable. the vie is a way to have to offshore theenty to get around some of the government's control of the internet transactions. so those are not positive things. those deserve some discounts, but i think in the case of ali baba, investors will probably go with some strong discount some of that. >> do you care about the governance very? it's not a dual class structure, but it's close in that they've created this other mechanism which effectively gives them control forever. >> we care about the government structure. face book had the same issues, goggle has the same issues, so, yes, would we like one vote per each sare? we certainly would. so there is, there are issues when it come

it is a chinese ecommerce company andamma son and epal and all rolled in one.d it is valued at 109 and $250 billion. it was co-founded by jack who started the company 15 years ago in a modest apartment and the ecommerce sites did more than 248 billion last year. and it dominants the chinese on line market with 80 percent transaction and yahoo does own a two percent stake in the country and stands to make a lot of money when it goes public. but right now, the climate for tech stocks is not great. and companies that went public are down on average 44 percent. and so unknowns are here will it be nasdaq or new york stock exchange. no indication of what the ticker symbol will be yet. and the listings is expected after summer begins. with the text stocks going the way they are. it could be several months. >> and our producer said yahoo is down six percent today. so it is tough for tech companies to compete. they are watching to decide when they will go public. >> we'll see the timing of the issues, joe, thank you. >> big concerns about the popular sports and energy d

. >>> then, chinese ecommerce side, jd.com, debuting at the nasdaq today. it's the third-largest ipo this year. and we'll find out how it's doing and what it means for the competition, like alibaba. >>> here's a live look at redwood city, california, where the facebook shareholder meeting begins in less than two hours. we'll talk to a big facebook bull about what he wants to hear from that company. that and much more straight ahead. in today's market, a lot can happen in a second. with fidelity's guaranteed one-second trade execution, we route your order to up to 75 market centers to look for the best possible price, maybe even better than you expected. it's all part of our goal to execute your trade in one second. i'm derrick chan of fidelity investments. our one-second trade execution is one more innovative reason serious investors are choosing fidelity. call or click to open your fidelity account today. >>> all right. a big ipo over at the nasdaq. seema mody is watching the action for us. seema? >> hey, scott, a lot of excitement over here at jd.com, ope

. >> and get ready for alibaba, and mandy drury is hee, and this is if chinese ecommerce firm and ite of the biggest ipos we have seen. >> and we need to pay attention here in the united states, and not only because it is the biggest player in the chinese ecommerce market, but it is the biggest firm to ever list here in new york. it is like amazon plus paypal and plus groupon and plus ebay all rolled in one company, and when you think of 600 million chinese consumers on the web, and that is like nearly double the u.s. population, but it has happen of the internet penetration of the united states, and there is a huge amount of room for growth not only at home in china, but also internationally, and that is what this filing is all about, right? to try to expand internationally, and what are the risks? well, for starters an 80% market share in the home market. now, obviously, if any company here in the united states had 80% of the competition, you would have the anti-regulators on your heels. and china does participate differently and especially there if they are state sponsored, but th

india is a market which is in the early stages of ecommerce and perhaps a lot of people argue that the proceeds from the ipo will go to helping them make the u.s. market perhaps. so this skill set of adapting the right business model to the customer needs is universal. it can go a long way. > > so karan, my sense is that you do think it is, at least in the short term, good for investors. > > i think so. it depends on exactly where the ipo price comes in, but i think it has a lot of long-term potential. this is going to be one of those facebook like stories-- it's going to do well. it's going to be the facebook, google-- one of those stories and it is going to end up one of the big players. > > karan girotra, thank you so? much. ??> > thank you. ?? bill-- priceline is a success story in the u.s. in the e- commerce space. the name your price site reports earnings after the close. shares traded last at $1,131 dollars. trader joe kinanhan of td ameritrade is using options as a less expensive way to trade on earnings. he also views priceline as an economic play. if you are someone who beliv

. >> reporter: with 145 million active users, ebay is one of the most popular ecommerce sites in the world. but tonight, they say hackers have infiltrated a database of customer information and is urging their users to change passwords immediately. it contains customer names, encrypted passwords, e-mail and home addresses, phone numbers and dates of birth. the breach first occurred in late february but was only discovered two weeks ago. ebay says there is no evidence that any financial information was accessed or compromised. however, we are taking every precaution to protect our customers. former federal prosecutor mark rash. >> the hacker only needs to find one way in and the defender has to defend against every possible attack. so we play a game called whack-a-mole. they pop up, we knock them down. >> how are we doing, are we keeping up? >> we're not keeping up. hackers always have the advantage. >> reporter: even without financial information, hackers could be looking to take advantage by selling data. like e-mails and birthdays to criminals who can use them to try to steal your

the company's first day of trading, jd is china's second largest ecommerce company next to alibaba. jd4u raised almost $1.1 billion shares closed at $20.90, an increase of 10%. >>> and quarterly earnings at gap plunged 22% mostly because of fortune currency issues, same store sales also fell for the first time in a few years but the company still looked at the outlook. the shares rose to $40.84. >>> the fda is coming down hard on illegal on-line pharmacies, the fda partnering with other federal and international agencies, took action against websites that sell what it calls potentially dangerous and unapproved prescription medicines to u.s. consumers. this week, the fda detained or seized hundreds of packages at u.s. mail facilities containing illegal prescription drugs. >>> while those mail order pharmacies may be the only way some can afford their prescription medications as the price of drugs seems to climb higher and higher. so why do brand name drugs cost so much and can anything be done about it? meg terrell gets some answers. >> reporter: when it was approved in 2001, the can

. >> a warning today from the folks at ebay, the ecommerce giant says that hackers stole addresses and personal information earlier this year. the company insists no financial data was breached but they urge client clients to change their account password. >>> in fact, targets on companies like ebay and target are more common. and one internet security expert says if the attacks are discovered not only puts the company at risk but already the top executives. josh lipton has more. >> reporter: trust weight, a cyber security firm investigated nearly 1300 hacks. retailers made up 35% of the attacks, food and beverage ranked second, and hospitality, third. >> they're all similar, they have many locations. they have a lot of transactions from customers going to those locations. and they have a lot of different vendors that are used in those environments. >> reporter: hackers continue to try to steal credit cards but also increasingly going after information such as financial account credentials, internal communications and merchant id numbers, anything they can sell for financial gain. >> t

>> these guys handle 60% to 70% of china's ecommerce, just alibaba. if they can improve upon that and gain more market shares that's the growth opportunity alone. but yes here in america that would be icing on the cake. i don't know believe at least immediate that america is going to be a big market for alibaba. because they're such a great company, and because they offer direct to manufacturer type of services. if you want to build iphone cases, you could put them on alibaba and sell them, that could change the way things are done in the united states. but for now investors are liking this company to the toon of $250 billion valuation. >> if it doesn't catch on here in the states, how will it affect alibaba. >> i think alibaba has a good future in china. investors want to see just how much money each of these entities individually are selling, and how much they're growing. they lumped them in when we got this recent release but i think their future looks bright for now. >> a lot of eyes will be on alibaba. jared leafy, thank you. >> thank you. >> sou

. >>> ecommerce, alibaba, we have got the main known for its valuation.la and twitter before its ipo. now he's unveiling his brand new valuation of alibaba for the first time. let's bring in professor of finance and master of valuation. it's great to have you with us. >> thank you. >> what's the number? >> my estimate is about $125 billion. above they bring in the case maybe $45 billion. i was surprised how much money the company makes. i think the biggest problem is already 80% of the market in bick segments. the growth has to come from the overall market growing and that puts a cap on how much they can grow. >> one of the guests said a lot of the marketplaces is not taken into consideration. some holdings could add up to $25 billion to $50 billion. is that in your number as well? >> it's understated my numbers. the other holdings -- they're pretty opaque about their holdings and that's a story in itself. because the fact they're not open and transparent is often going to be a problem in the market pricing these holdings. it's surprising they weren't mor

and our own ecommerce shop. it's important because we have the fans here. where they are located, we don't care. >> we have to leave it there, gentlemen. i want to thank you. that was a good shot. coming up on "taking stock," speed through airport security, how about some t.s.a.-friendly beauty products. a company called 3floz. we're going to meet their co-founders next. >> all right. the memorial day holiday. that travel is all upon us. 36 million americans are expected to get out of town for the holiday weekend. well, if you are one of the millions that are planning to fly, my next guest could help you a lot. their company, 3floz, it provides products already packaged in the transportation safety security administration's designated dimensions. >> i was sick of traveling with my two giant suitcases. i'm a little high maintenance. there was no one place to get travel-sized beauty grooming and wellness products that were a little bit more high end than what you would find at your local drug store. >> so you decided, what, to make your own or no, you decided

the chinese ecommerce giant is expected to file for an u.s. offering any day now.s we wait for the official filing, we're looking at the unique way that the company plans to structure its share ownership which is different from the structure of recent tech i.p.o.'s like facebook and linkedin. i want to bring back our editor at large cory johnson, also with us is leslie joining us from new york. cory, i'll start with you. what exactly is alibaba doing here and how is it different from google, facebook, and other structures that we are used to in technology? >> the structure is uncommon in the market widely with the exception of a lot of media companies, newspaper companies, companies with a history of family ownership like a copy -- like a company like berkshire hathaway. you see it in the "new york times" and comcast. >> they're much more common in tech. >> lately we have seen this with a handful of technology companies. google kind of introduced ha to the world of technology when it went public in 2004, as far as i recall standing on the lawn covering that story.

from bricks and mortar to ecommerce, we want to give you an update on alibaba. the biggest one is alibaba. that filed its f1 earlier this month. now getting word when they may start to trading. i just talked to sources over the weekend. they are saying the next step, as we know, is getting some commentary back from the sec. that should happen as soon as june 7th, i'm told. they can raise questions about the business model. some questions surrounded fake accounts. twitter said it was too overly optimistic about revenues and asked the company to break out international years. interesting to see what the sec says about alibaba. >> they will take a couple months to respond. if the company is able to apiece these concerns in a timely manner, it will look to go public the first week of august. 8-8, significant in chinese culture. that's a friday. if you open for trade on friday you can't trade in the asian market. i'm told it could fall earlier that week so all global markets can participate. if it doesn't happen that week, we know very well the end of august not only

. >> chinese ecommerce giant alibaba has filed documents to sell shares in the u.s., expecting to raise $15 million to $20 million. alibaba's value has been estimated at $200 billion, more than facebook and amazon. it dominates for alibaba and several sub-sid yairies >>> thousands of people in myanmar suffer from water short iments because of draught -- shortages because of drought. several lakes have dried up. donors paid for drinking water to be pumped to villages near yankgong. >> the water here is salty, there's too many minor always and it cannot be used, some have to mix the water with lime for daily use for showers and to wash clothes >>> more than 6,000 people were killed when tai foon haiyan struck the philippines in november. efforts to rebuild communities are well under way. we have this report. many survivors have been forced to fepd for themselves. -- fend for themselves. >> this man hopes that every little thing built in his new home means that he finds a place to store away a painful memory. >> he lost 22 members of his family. his wife, children, grandchildren, brothers

they invested so heavily of ecommerce and the wave of the future.hink macy's is in an advantageous position and i don't see terry lundgren leaving any time soon but it was concerning he sold a lot of stock last month. >> thank you. >>> who do you like here? >> we were buying macy he's this morning and sold it in the lower 60s. they just announced a restructuring program for $100 million. they will see savings, i think that gives them cushion on the earnings side and are buying back a lot of stock. you believe the story he was just telling? >> die. they are very well-positioned. the stock is pulled back giving us reward to risk in earnings. >> i like dick's sporting goods. what i like is what you talked about for weeks, under armour and nike and under armour back where it was a while ago. look at the way flikky is performing bouncing of that 72 and change area. you look at the growth area of these two names and dick sporting goods, you can see the strength dick says. >>> coming up, retail may be snapping back from a cold winter. that's not the case f

that ecommerce is gearing up for a huge ipo. have you seen the stuff they have for sale?me. here is jo lin kent and jared levy. what in the world is the stuff that is going on? >> all the goods are made in china as those they make things like that suits -- and they found -- melissa: who wouldn't want to pay good money for that? i would want -- and $16,800 is supposed to be arnold schwarzenegger. >> a lot of people buy things every day. i used it when i lived in china, you can buy great clothes that agreed discount, send it back, free shipping both ways so it is the everything store. something else, costumes con ali baba. melissa: what do you think of this? >> it is a story you can get just about anything. i was blown away, i did looking for peeling not, wanted to import them into the states. i started finding things like you could buy a million barrels of crude oil and get little things of carl rogers doing odd thing this. melissa: does this make you feel better or worse about the business as an investor? >> it makes me feel scared. the reason is how do you get i whaeason

chinese ecommerce giants ali baba has filed ipo paperwork, the most anticipated ipo of 2014 and likelyrecord setter. it says it wants to raise at least $1 billion but most analysts expect it to raise somewhere between 18 and $24 billion. with the potential market valuation up to $200 billion. yahoo owns 24% of ali baba and will reportedly sell 40% of its stake raising $10 billion for yahoo. yahoo stock has more than doubled over the past year and a half because of alibaba's valuation. now there will be more pressure on the company to perform at its core business level. yahoo shares this morning down 4% despite that news. >>> worker productivity fell in the 1st quarter according to the labor department. down 1.7% following a solid gain in the prior quarter. another reflection of the harsh winter that we saw across the country. as far as labor costs go, though, they rebounded up 4.2% after two straight quarterly declines. the stock market rebounding this morning hoping perhaps for a thaw in the ukraine-russia crisis. russian president vladimir putin wants to talk about some european coun

. >> ecommerce sales down 10%. same-store sales growth negative 13%, and at the end of the day, whether they had to be very, very aggressive promotionally, which is never good for margins, i don't like anything about this stock or the close or the ceo. >> how about game stop? doc, what do you see? >> a nice beat. 59 versus 57 krebts. same-store sales, guidance was 12% to 20% growth for the same-store sales. that really lit a fuse here. stock was down 21% year to date. so does it have room to run? the answer is, yes. >> all right. still ahead on "the half," investors are piling into penny stocks. if you're one of them, you need to hear what the traders have to say about this trend. >>> and hewlett-packard is spiking today. up 21% this year, some called it dead tech. now, one of our traders, though, he saw this coming and he'll defend his position, and perhaps take a victory lap next. >>> we're headed to the beach to get the traders' summer survival stocks. wait until you hear what these guys say they need to beat th

but ecommerce is just part of it. text messages, e-mails, online chats, all supposedly private. those messages are retrievable, by divorce lawyers, employers and others. one big concern is all those cameras out there. if they're ever combined with facial recognition technology and powerful search algorithms. >> right now, you have this sort of false sense that they're not actually looking at you. once it becomes technologically feasible to identify people right away, then i think we are going to be in a world where, you know, you will never be able to be not found. >> reporter: a brave, new world in which every one of us will become a beyonce or a jay z, with nowhere to hide. somebody always watching. for "this week," david wright, abc news, los angeles. >> and we are joined by two men who thought a lot about these questions. berin szoka, the president of tech freedom. and reddit co-founder, alexis ohanian, author of "without their permission." alexis, let me begin with you. you say we have to preserve our right to privacy in this brave, new world. but is it too late? >> yes, we

these efforts target every aspect and include new mail design, ecommerce, return lo logistics.nd today i am looking forward to hearing about the new products and what problems, if any, have they encountered along with the way with the postal service. now, if ever, is the time for the postal service to embrace these innovations. in the text community the world disruptive is used and that is not necessarily a bad thing. but it is a change. when my wife was in her junior league used to refer to the the phrase that is way we have always done it and we have to be leery of falling into that trap. if companies continue to be shutdown or steamrolled by the red tape before having a chance to get off the they will look else where to present ideas. i look forward to hearing from the private companies that work with the postal service and how entrepreneurs can create more innovation whether it is better access to data like changes of address or whatnot there are many areas ripe for renovation. the american people are going to be left footing the bill for a bail out if we're not careful. i

alibaba has a phenomenal share of this ecommerce. the china like to play games.se the internet. this is the business model of choice. you have a dominant market share. you have high margins, rapid growth. in three years, kelly, more people are going to join the internet in china than the tv household population in the united states. so the game is if you will, just beginning. i have traveled over there for about 25 years. and what happened in 25 years is truly astounding. >> yes. >> it plays into alibaba's hands because they don't have the same retail infrastructure that most developed countries have. they're under infrastructure if you will. >> yes. larry, hold on one second. i want to get some thoughts from john as well. john, how would you characterize what we're finding out about this company relative to expectations. >> this is the deepest insight u.s. investors are getting into the evolution of the chinese evolution. their main focus will continue to be china. it has enormous scale within china. you mentioned that 136 million mobile active user number. 8 mi

you know those ecommerce sites you lose, they may take a big hit but will pass that cost on to you. >ith this one. ♪ >> that was actually a great white shark going after a tiny inflatable raft kind of like a chew toy. filmmakers happened to be on that raft shooting near south africa. everyone on board that boat made it back to land safely. it kind of reminds you of jaws. it comes right up. >> yesç but that is fakey. that is real. >> every time i think it's real. they took it out. in the universal they took it out. the shark finally got one guy. >> i can't even play sharks in the room. >> welcome back to confessional thursday. heather, thank you very much. 23 minutes before the top of the hour. extreme weather making its way across the country in central kansas. a severe thunderstorm brought powerful winds that were so strong, they threw train cars right off the track. >> that's inç mcpherson, kansas. two people were on board at the time. nobody was hurt. maria molina is out on the streets of new york city where currently it is a little drizzly but p's not the kind of rain we had las

always had the sense that the demographics of the etsy user might be different from your typical ecommercet more female, maybe a little bit more skewed toward middle america, the way that pinterest is. i know at a certain point you were the most popular source of content on pinterest. >> right. >> what can you say about who that user is and how they've evolved? >> the etsy, we consider them members, the etsy member is largely female. we consider that a big advantage, because women control household income around the world. a asetsy has grown, it's all ethnic groups, and it's become like the world, not a small niche. >> we ask you about going public, and you're well positioned to go public. your reaction to that? >> i agree with fred. we are well positioned. we really believe etsy is a 100-year company. we want to build a company that lasts 100 years. we're in no rush to go public. we've been profitable since 2009, which is fairly unique. we're well positioned but in no rush. >> what sort of infrastructure would you need to actually take that leap, though? we've seen a lot of companies in y