Web retailers Amazon, eBay down on Cyber Monday

For a long time, it seemed Canadians were pretty indifferent to shopping on the Internet. But more-robust-than-expected online sales on both Black Friday and so-called Cyber Monday, coupled with strong sales on Canadian retail websites and a slew of new entrants, suggest that has changed.

Did you own shares of GSI Commerce yesterday? If so, congratulations.

TORONTO — Canadian retailers need to develop a stronger presence on the Web lest they lose additional ground to online U.S. rivals eying a piece of this market, an industry conference heard Tuesday.

By TechCrunch: By Sarah Perez

Today, Amazon released a new security service for Amazon Web Services—the online retailers side business in renting computing power over the Internet.

By Robert Broens: Shares of eBay (EBAY) rose almost 8% over the past trading week. The operator of the same name online market place, and the owner of the fast growing online payment service PayPal benefited from strong Black Friday and Cyber Monday sales. Strong Online Sales Season

By Cris Frangold: Online retailing represents the single biggest change in direction of selling goods and services in history. The 1990's were the beginning of a phenomenon that has resulted a surge of online sellers.