View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
October 28, 1999

Stamps.com Explains $14.4m Loss as Investment in Technology

By CBR Staff Writer

Stamps.com Inc, the Santa Monica, California-based provider of internet postage, has reported a net loss of $13.7m for the third quarter ended September 30, 1999. Executives said the loss is consistent with the company’s continued investment in technology and with a ramped-up marketing campaign ahead of the October 22, 1999 launch of its service. Earlier this week, Stamps.com signed up its 10,000th customer. The company boasts strategic alliances with IBM, 3M, Lotus and ZDNet, and has expanded its relationship with AOL. Last week it agreed to acquire internet shipping company iShip.com for around $300m worth of common stock.

Content from our partners
Rethinking cloud: challenging assumptions, learning lessons
DTX Manchester welcomes leading tech talent from across the region and beyond
The hidden complexities of deploying AI in your business

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU