Tell me about negg

Newegg Commerce, Inc. (NASDAQ: NEGG) is a leading global online retailer specializing in electronics and technology products. Here's a concise overview of the company:

1. **Foundations and Growth**:
- Newegg was founded in 2001 and is based in the City of Industry, California.
- It initially focused on PC hardware and consumer electronics and has since expanded into gaming peripherals, home appliances, automotive, and lifestyle technology.
2. **E-commerce Presence**:
- Newegg operates as an electronics-focused e-retailer in the United States, Canada, and internationally.
- The company offers a wide range of products, including desktops, laptops, gaming laptops, peripherals, and accessories, as well as various categories of software, gaming consoles, networking, and home appliances.
3. **Marketplace and Third-Party Services**:
- Newegg provides third-party services such as Shipped by Newegg, Newegg Logistics, and Newegg Staffing, which offer warehousing and fulfillment services, inventory management, and employee placement.
- The company also operates B2C platforms like Newegg.com, Newegg.ca, and Newegg Global, as well as B2B platforms comprising NeweggBusiness.com.
4. **Recent Developments**:
- Newegg launched SellingPilot, a SaaS platform for multichannel marketplace management, in June 2024.
- The company also introduced Newegg+, a free customer membership program offering free shipping, first access to new products, and exclusive deals.
5. **Financial Performance and Market Position**:
- As of May 2024, Newegg's annual revenue reached $750 million.
- The company's stock, NEGG, is traded on the NASDAQ, and its market capitalization is $0.33 billion as of August 23, 2024.
6. **Logistics and Infrastructure**:
- Newegg opened a new, 400,000 square foot distribution center in Indianapolis to better serve its Midwest customer base.
- This facility features advanced systems, including robotic shuttles and light-directed picking lanes, to optimize order fulfillment.

In summary, Newegg is a prominent e-commerce player in the technology and electronics sector, known for its wide product range, third-party services, and strategic market expansions.