Trade Me CEO Jon Macdonald to step down
“It’s a good time to pass the baton to someone with fresh eyes and a full tank of gas,’ says Macdonald, who stepped up from CTO to CEO at Trade Me.
“It’s a good time to pass the baton to someone with fresh eyes and a full tank of gas,’ says Macdonald, who stepped up from CTO to CEO at Trade Me.
Online marketplace and advertising business, Trade Me (NZX: TME), has lifted revenue by 9.2 percent to $218.0 million for the year to 31 June 2016 but after tax profit was down 6.5 percent to $74.9m. EBITDA was up 4.5 percent to $140.5 million.
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Dick Smith’s delivery of its growth strategy continues, with the launch of the Dick Smith Trade Me store, reaching over 3.5 million members.
Uses software to mine data produced by more than 70 million page impressions and 15 million mobile API calls a day.
New Zealand auction website, Trade Me, has reduced the time it takes to replicate data between its Wellington and Auckland data centres by 90 per cent since deploying data acceleration software.
The public will have a chance a buy intoTrade Me with Fairfax Media announcing today it plans to sell a 30 to 35 per cent stake in the company in an initial public offer.
What are employers looking for in graduates? Computerworld asked leading employers in the industry what backgrounds and skills they are seeking when hiring a graduate, and if there is a preferred degree.
Former Trade Me developer Rowan Simpson has joined forces with All Black coaches and players to launch a coaching website.
One percent of Trade Me users are now accessing the website via smartphones. That doesn’t sound like much, but according to spokesperson Paul Ford, that equalled 1.5 million mobile visits in April. Breaking down that one percent, he says around 23 percent visited the company’s mobile site and 77 percent visited via the Trade Me iPhone app.
Fairfax Media has confirmed that it is conducting a strategic review of its business, amid suggestions that Trade Me may be sold.
Fairfax Media's general manager for investor relations, Frank Sufferini, told Radio New Zealand that Trade Me was being reviewed alongside other parts of the firm's business.
The move follows an announcement that Fairfax will sell some of its radio stations in Australia.
Australian media have suggested Trade Me will be sold, or that Fairfax may consider a partial share float.
Analysts have valued Trade Me at NZ$1.3 billion to NZ$2 billion. It has 2.7 million registered traders and employs 190 staff.
Fairfax bought Trade Me for NZ$700 million in 2006 in a deal cut by the company's chief executive at the time, David Kirk.
Trade Me founder Sam Morgan is on the Fairfax board.
Fairfax Media is the publisher of Computerworld, the Stuff website and many newspapers throughout New Zealand.
Online marketplace Trade Me was targeted by cybercriminals on Thursday and Friday last week.