Amazon

Tech news from around the web:

  • Amazon is considering introducing a service that would let consumers pay for goods using their mobile phones and near-field-communication technology, according to Bloomberg. News that the company’s Amazon Payments unit is said to be examining the service follows reports over the past few weeks that Apple, Google and Microsoft are all also planning to offer the mobile payment system.

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Tech news from around the web:

  • Amazon.com is courting the world’s big  music companies as it seeks licensing deals that would help improve the online music service it launched Tuesday, according to the Wall Street Journal. The moves are also an attempt to calm the music groups’ concerns over the lack of notice of the online retailer’s plans, the WSJ says.

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Chris Nuttall

Amazon – not Apple nor Google – is the big new player in cloud music services, launching its offering on Tuesday while those of its rivals are still the subject of speculation. The online retailer announced Amazon Cloud Drive and Amazon Cloud Player – the first service gives users 5Gb of free data storage online and the second allows them to play, in a web browser or smartphone app, music they have uploaded to the cloud drive. Read more

Tech news from around the web:

  • AllThingsDigital reports that Rob Solomon, the president and chief operating officer of group buying site Groupon, is stepping down from his job. No reasons have been given for the former Yahoo executive’s departure.

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Tech news from around the web:

  • Apple has changed its inventory management policy for iPad 2 deliveries, Apple Insider reports. The company’s retail outlets are now holding on to new shipments until the next day rather than selling them on the same day in an effort to ease the sales process for both customers and employees.

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Tech news from around the web:

  • LivingSocial, the daily coupon website and rival to Groupon, is in talks with investors to raise around $500m to help fuel its expansion, The Wall Street Journal reports. The move comes just three months after it raised $175m from Amazon.com.

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Tim Bradshaw

Lovefilm’s £200m takeover by Amazon has reopened the usual debate about European tech start-ups.

Sure, it’s a great exit for Lovefilm’s management and investors. But as one entrepreneur friend said to me upon hearing the news: “Yet another one gone to the USA then.” Read more

David Gelles

Amazon has just updated the Kindle, giving the world’s most popular e-reader a much-needed facelift just in time for the back-to-school and holiday shopping seasons.

The new device is sleeker, stronger and faster than the previous Kindle. Its body is 21 per cent smaller and 15 per cent lighter at 8.7 ounces. It has double the battery life at one month, plus double the storage capacity — enough for 3,500 books.

At $139 for a wifi only version and $189 for 3G, the new Kindle puts e-readers firmly within reach of mainstream consumers. For those looking for a cheap way in to digital reading, the Kindle is a compelling package. Read more

Chris Nuttall

Amazon’s new Kindle DX, available on July 7, is the first eReader to feature E Ink‘s Pearl technology, enabling a contrast ratio 50 per cent better than the previous DX.

The improvement is a necessary upgrade in order for E Ink to produce its first colour screens by the end of the year. Read more

David Gelles

Last week’s announcement by Facebook that it would use PayPal as its payments provider brought together two of the most potent forces on the internet – e-commerce and social networking.

Yet for all the promise each sector holds, the two have been slow to converge. Online shopping is still a generally solitary affair, while social networking has yet to place much emphasis on buying stuff. This may soon change.

Today the chief executive of Ebay, which owns PayPal and is the world’s largest online auctions site, offered new insights into how e-commerce and social networking might work in concert with one another, and what he sees as the next big opportunities for collaboration. Read more