Items tagged with (NASDAQ:EBAY)

Later this year, auction site eBay and its wholly owned online payment subsidiary PayPal will split into two different companies, and as they prepare to do that, several employees are being handed pink slips. The two divisions have reportedly begun notifying affected employees, most of which have been participating in projects that didn't turn out the way eBay hoped.According to Recode and the "multiple sources" it spoke with, some of the PayPal employees who lost their jobs were in sales or held product roles in the division that was in charge of getting restaurants and small retail stores to... Read more...
Online auction site eBay announced today that its board of directors approved a plan to split eBay and PayPal into independent publicly traded companies in 2015. By spinning PayPal off into its own business, the board feels both companies will be in a better position to capitalize on their respective growth opportunities. "eBay and PayPal will be sharper and stronger, and more focused and competitive as leading, standalone companies in their respective markets," said eBay Inc. President and CEO John Donahoe. "As independent companies, eBay and PayPal will enjoy added flexibility to pursue new market... Read more...
You may have noticed that auction site eBay was down for the count or slow loading for a period of time over the weekend. Don't worry, the problem wasn't on your end -- eBay's VP of Global Platform & Infrastructure Group, Sri Shivananda, issued an apology for the recent site troubles, adding that the company believes "unexpected power issues" are to blame. "First, on behalf of the company and our team, I apologize to the eBay customers affected by this incident," Shivananda said. "As a marketplace, we understand how important it is that we maintain a reliable platform for our buyers and sellers.... Read more...
Bitcoin is quickly overcoming its sketchy past, one that was linked with illicit drug markets and other illegal activities. It's still a highly volatile currency, but it's also one that more and more online and offline vendors are willing to gamble on. That includes online auction site eBay, which is reportedly in talks with various bitcoin payment processing companies, including Coinbase, to integrate bitcoin processing into its Braintree payments subsidiary, which is a part of PayPal. According to a report in The Wall Street Journal, no agreement has yet been reached. Should a deal eventually... Read more...
With only so much top level talent available in the technology industry, it's not uncommon for high ranking employees to change firms. Such is the case for David Marcus, president of eBay's PayPal division, who is joining Facebook to spearhead the company's efforts in mobile messaging. His primary responsibility will be running Messenger, a recently spun off chat application. Facebook views messaging as a core part of its social networking service and a key element in its mission to connect the world. According to Facebook, around 12 billion messages are sent on Facebook per day, while its standalone... Read more...
Have you ever found yourself yelling at Sony's PlayStation Network (PSN), "Hey, just take my money!"? Neither have we, but in case you've been frustrated with the available payment options, you'll be happy to know that you can use PayPal to make purchases through PSN (by funding your Wallet). It's a thoughtful addition, especially if you're an active eBay seller that keeps a steady flow of funds in your PayPal account. You'll find the option to use PayPal in the PS Store on PlayStation 3 and PlayStation 4 consoles. It also appears on the Sony Entertainment Network website, though the option all... Read more...
Attention all eBay users, go ahead and change your password to the auction site. Like, right now -- we'll wait. Take your time, we'll be here when you get back. Finished? Good! Don't worry, it wasn't an arbitrary exercise -- eBay later today will be sending out emails and posting notices asking you to change your password due to a security breach. Some placeholder pages were spotted online by savvy web users that seemed to suggest a notice was forthcoming. The folks at The Wall Street Journal got in touch with eBay and found out that a cyberattack compromised a database containing encrypted passwords... Read more...
One of the reasons why brick-and-mortar stores still exist is because online shopping lacks the ability to offer instant gratification. As it pertains to clothes shopping, another major disadvantage is not being able to try on items to see if they'll fit properly. Advancements in technology will eventually solve these problems, and as far as trying on clothes go, eBay just acquired a company that creates 3D models of clothing from photos, pattern files, and other sources. The company is called PhiSix, and with the acquisition, eBay hopes to offer shoppers a virtual fitting room for a more immersive... Read more...
We maintain that people are inherently good, but you know what they say about a few bad apples. This being the holiday season, you have to wary of the world's miscreants looking to prey on your goodwill and generosity, such as that guy walking around the parking lot claiming he's out of gas and asking to 'borrow' $20 probably (Psst, he's not really out of gas). This holiday season also happens to coincide with two major console launches -- Microsoft's Xbox One and Sony's PlayStation 4 -- and as is always the case, a shortage of units has gamers shopping on eBay at inflated prices. If you're going... Read more...
In an attempt to bolster its online payment system, eBay today announced that it has agreed to buy Braintree, a full-stack payments platform that allows companies to accept payments in mobile apps and websites. The deal will cost eBay $800 million in cash, and once completed, the online auction site plans to integrate Braintree with its PayPal subsidiary. "Braintree is a perfect fit with PayPal," said eBay Inc. President and CEO John Donahoe. "Bill Ready and his team add complementary talent and technology that we believe will help accelerate PayPal’s global leadership in mobile payments.... Read more...
Even after listing fees and various commissions are factored in, eBay user "papakar" just scored a big payday, assuming the buyer of his unlocked Gold iPhone 5S 16GB ponies up the cash. The winning bid came out to $10,000 plus an additional $44.95 for one-day shipping (seems like at that price, the seller could foot the bill for shipping, but whatever). Why so much? One explanation is that the winner bidder is full of bologna. However, out of the 51 bids the seller received, the winning bidder is one of just a few with feedback well above zero. The winning bidder, shown only as "y***9" to protect... Read more...