Featuring: Tricia Duryee, Senior Editor at AllThingsDigital (the Wall Street Journal's Digital Network)
When: March 17, 2011, 11:30am-1:30pm
Where: Spoke Club, 600 King St. W., 4th Floor, Toronto, ON M5V 1M3
For more than a decade, the e-commerce industry has been stagnant. Websites were often a virtual reflection of what a brick and mortar store was selling on its shelves. But now the space is hitting its biggest growth spurt since the 1990s with stronger, even better business models emerging.
The revival is flooding the space with serious money. Group-buying site Groupon turned down a $6 billion buy-out offer from Google to stay independent and raise nearly $1 billion in capital. Flash sales sites, like Gilt Groupe, are gaining traction with its lesser-known competitor, HauteLook, selling to Nordstrom for $270 million. Mobile phones are also driving advancements in the space, as shoppers use them to comparison shop and "check-in" to earn discounts and loyalty awards. But don't stop there, the fever is not just limited to physical goods, but also to virtual goods. Zynga, which develops games on Facebook, is in the midst of raising $500 million at a $10 billion valuation.
As the e-commerce and gaming reporter for AllThingsD, Tricia will discuss how social, local and mobile are driving the way we shop and play in 2011. As a former reporter focused on mobile for the past six years, she will also address activity in the "super phone" market and how a broad set of industries have decided that now is the time to finally figure out their mobile strategy.