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Trade Me financial results out today
We delivered our first full year financial results as a publicly listed company today, for the 12 months to 30 June 2012. If you're interested in finding out more information about the results, or just general information about investing in Trade Me, head on over to the official Trade Me Group investor relations site.
As well as all the financial information, we also announced the acquisition of Tradevine. This is a cloud-based inventory management tool with cool integration into Trade Me. It provides sellers with a dashboard to manage sales, inventory and listings and we think it will be a valuable tool for retailers. You can read more about what they do over at tradevine.co.nz.
New restrictions on selling ladders
You may be aware of a recent issue where a ladder purchased from a seller on Trade Me collapsed, causing the buyer a serious leg injury.
After an investigation by the Ministry of Consumer Affairs, the ladder was found to have failed to meet the safety standard AS/NZS 1892.1:1996. This is currently a voluntary standard.
We are concerned there may be other ladders being sold that do not meet the standard, so we are introducing a new requirement that only new ladders that comply with this standard can be listed. This change will take effect from 1 July 2012, giving members a month to get ladders they have in stock tested to the standard. More...
Trade Me financial results out & about today
We delivered our first ever financial results as a publicly listed company today, for the 6 months to 31 December 2011.
If you're interested in finding out more information about the results, or just general information about investing in Trade Me, head on over to the official Trade Me Group investor relations site.
New investor relations site up & running
As you may have heard, Trade Me became a publicly listed company on the New Zealand stock exchange (NZX) and the Australian stock exchange (ASX) on Tuesday. We're officially called Trade Me Group Ltd, and our stock ticker on both NZX and ASX is "TME".
If you're an investor, or you're interested in seeing investor-related information, please check out our new investor relations site. Kevin the Kiwi is kitted out as a fighter pilot on the landing page.
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Payments problem: Visa credit cards
Update, 9:48am: This issue has been fixed. Apologies for any inconvenience.
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We understand there is current a problem with the credit card processing network for Visa. This is causing some credit card transactions to be declined. The banks are aware of the issue and are working to fix it. If your credit card is declined please try again shortly.