Items tagged with eBay

eBay announced that it's restructuring its fees for sellers on its online auction site, the timing of which has everything to do with Amazon recently raising fees for merchants on its e-commerce portal. As the price of doing business through Amazon goes up, eBay hopes to attract disgruntled sellers looking to jump ship. In order to do that, eBay needs to make its online auction site a more desirable location to sell products, which entails lowering fees and making its fee structure less complicated. Both are on the top of eBay's agenda. Rather than a tiered fee structure, eBay is transitioning to flat rate sales model based on an item's category. Non-volume sellers will especially benefit from... Read more...
Perhaps inspired by Microsoft, eBay announced that it’s retiring its old whimsical logo after 17 years of service. (You read that right--eBay has been rolling for 17 years, since 1995.) Instead of the jumbled and mixed-case letters, the new look is a straight, even set of lower-case letters; the fun colors, however, remain. “Our refreshed logo is rooted in our proud history and reflects a dynamic future”, said eBay president Devin Wenig in a statement. “It’s eBay today: a global online marketplace that offers a cleaner, more contemporary and consistent experience, with innovation that makes buying and selling easier and more enjoyable.” From bottom to top:... Read more...
Remember when eBay was an auction site? Those were the days. Nowadays, eBay is a full-on storefront, keeping that auction setting at the core but building a vast network of other opportunities around it. There's Buy-It-Now, for starters, and there are a variety of opportunity to sell goods on eBay without going through the typical auction process. We suppose it makes sense for a site to branch out and explore other revenue opportunities, but to say eBay has maintained its small size while growing in scope would be a stretch. That said, the site is still churning out new ideas, and the latest one is probably one of its brightest. Just weeks after Amazon was said to be taking same-day shipping... Read more...
Tech titans have become accustomed to litigation in recent years as they’re embroiled in perpetual Nineteen Eighty-Four-length patent wars, and now it appears that instead of arguing their cases in front of judges, several companies are planning to address laws by lobbying lawmakers directly. According to a Reuters report, a lobbying group called the Internet Association will be launching in September, and sources say that the group’s leading members include Google, Facebook, eBay, and Amazon. (So in terms of lobbying dollars, that’s somewhere between way more than enough and an infinite amount of money.) Although the prospect of yet another lobbying group in Washington perhaps... Read more...
You can quit sulking about your baseball card collection or boxes of comic books your mother tossed in the garbage bin after you moved out. Sure, they might have been worth a pretty penny, but apparently the real money when it comes to vintage items is in videogames. To wit, a French game collector sold off his collection of Nintendo and Sega console games for a cool $1.2 million and change on Ebay. The games aren't just a random collection of cartridges. Much cooler than that, the seller claims his wares include 22 full sets of games, including every single title every released on each Nintendo console, from Famicom to Gamecube, along with all games ever released on Sega systems. Many of them... Read more...
When word first leaked out that Apple was developing a tablet, many assumed the end result would cost consumers a small fortune. It's Apple, after all, and whether the so-call Apple Tax is real or imagined, Apple products usually tend to cost more than their Windows-based counterparts. So when Apple launched its first iPad starting at $499 -- a price point it's maintained for every subsequent generation iPad -- it was quite the pleasant surprise to the many folks who assumed the Cupertino outfit would charge much more, perhaps twice as much. Well, there's finally an iPad that costs an arm and a leg. More specifically, a first generation iPad prototype recently generated a winning bid of $10,200... Read more...
Well, this is strange. But not entirely unexpected. Rumors had intensified in the last few days that HP was getting ready to switch CEOs for the second time in a year, and those rumors were just put to rest. Because they're true. In September of last year, former CEO of SAP, Léo Apotheker, was chosen to lead HP after the Mark Hurd scandal. Now HP has a whole different kind of scandal to worry about. A scandal involving shaky leadership and questionable decisions. Today, Meg Whitman (the former CEO of eBay) was named President and Chief Executive Officer of HP, while Ray Lane was appointed executive chairman. Leo's gone altogether. We are told that the board intends to appoint a lead independent... Read more...
Taxpayers in the United States could soon be stuck footing the bill for some very costly copyright infringement enforcement. For those that don't know, the PROTECT IP Act (Preventing Real Online Threats to Economic Creativity and Theft of Intellectual Property Act of 2011 or Senate Bill S.968) is a piece of controversial legislation introduced on May 12, 2011 intended to force private ISPs, search engines and other parties to censor websites accused of facilitating copyright infringement. The bill is supported by a large number of infamous IP-protective agencies, including the MPAA, Viacom, SAG, the U.S. Chamber of Commerce, and others. The legislation is a re-write of the Combating Online Infringement... Read more...
Apple's second generation iPad tablet has been on the market for nearly 3 weeks now, and while the Cupertino outfit isn't quite ready to cough up sales data, online auction site eBay does have some numbers to share. As you know, the iPad 2 sold out of most stores during its opening weekend launch, making the tablet hard to come by. But one place out-of-stock items are rarely in short supply is eBay, albeit at hugely inflated prices. More on that in a moment. For now, what we're interested in is how many iPad 2 devices have been moved through the online auction site, and according to eBay, nearly 12,000 units were sold in auction in the two-week period between the U.S. launch and the iPad's launch... Read more...
WWDC 2011 sold out in hours. That said, you might expect to see some eBay scalping, and you'd be right. At the time of this writing, there are 9 auctions for WWDC tickets on eBay. To be clear, the official price for a single ticket was $1,500. One auction has a bid of $1,100, with a BuyItNow price of $3,900. Ah, but there's free shipping. Another is at $1,725, with a BIN price of $4,599, but once again with free shipping. Among the others which have bids are ones with bids of $2,125; $3,000; and $3,250. Before anyone assumes that Apple will step in to halt these auctions, it doesn't appear that will be the case. A number of auctions have completed, including this one for $3,550. We haven't looked... Read more...
eBay on Thursday announced a giant new strategy for PayPal that it hopes will squash the up-and-coming threat of Apple and Google with near-field communications payments. In one of those karmic twists, earlier this week news broke on the very thing that would let people feel safe enough to outfit their mobile devices with NFC payment systems: identity theft is becoming harder to pull off. The Nokia 6216 has supported NFC since 2009. In 2010, the number of identity theft incidents hit their lowest levels in years, according to a new report by Javelin Strategy & Research. The total number of incidents dropped 28 percent and the total annual fraud also decreased to $37 billion from $56 billion... Read more...
Some of the Internet's biggest retail players are setting their sights on the flourishing business of local services. Google is reportedly interested in buying local coupon site Groupon for as much as $6 billion and Amazon.com is planning to invest $175 million in online coupon company LivingSocial, a Groupon competitor. eBay is buying Milo.com, which lets users see if items they seek are available on local store shelves. Needless to say, local-services sites and offerings are HOT. Colin Gillis, an analyst with BGC Partners said, "It's local mania." As Jeremy Liew, managing director at Lightspeed, a company that recently invested $8 million in LivingSocial put it, local deals are "the most exciting,... Read more...
eBay has launched a new program that lets people trade in their old cell phones and other electronics for instant cash. If the devices aren't worth a dime, it will send you pre-paid postage to responsibly recycle the device. With the company's new InstantSale website, you'll be offering up your old device to various companies in the business of buying them for valuable metals, components and refurbishing. You plug in details about your device and you get an instant cash offer, deposited to your PayPal account. If the thing is a brick phone from the 1980's and worth nothing, then eBay will send you a shipping label to send it to a responsible recycler. Wait, if it really is a brick phone, you... Read more...
Talk about an unexpected pay day. Tanner Sandlin of Austin, Texas raked in $31,600 on Ebay for an old Atari 2600 game that was tucked away in his garage. It's the second highest ever paid for a videogame, and much more than the $5 or $10 Sandlin said he paid for it when he was about 10 years old. So why did it fetch so much? The game, called Air Raid, is extremely rare. Counting the one Sandlin sold, there are only 13 known copies, and his was the only one that came in its original box. It also didn't hurt matters that Sandlin was the original owner and had the foresight to enlist an Atari expert to confirm the game's authenticity. "I clearly remember buying this game back in 1984 or 1985," Sandlin... Read more...
eBay on Tuesday announced the sale of 65% of its Skype Internet calling division to a group of private investors. The price: $1.9 billion. The private investors included Silver Lake and a new VC firm run by the Netscape co-founder Marc Andreessen, Andreessen Horowitz, as well as London-based Index Ventures and the Canada Pension Plan. The deal values Skype at $2.75 billion, according to eBay, which had bought the phone company in 2005 for about $3.1 billion. eBay has had trouble integrating Skype with its core businesses, PayPal and its auction site, since it acquired Skype in 2005. eBay Shareholders appear happy, with the stock up about 2% in early trading. Industry pundits are not so happy,... Read more...
Recently, it was reported that the founders of Skype, Niklas Zennstrom and Janus Friis, were attempting to buy the company back from eBay. They can forget about that, however. eBay announced on Tuesday it will spin off Skype into its own company, beginning with an IPO in the first half of 2010. They said, however, that: Specific timing of the IPO will be based on market conditions. Translation: still in a recession? No IPO. This news comes a day after eBay sold StumbleUpon back to its founders. In that case, since eBay seems ready to divest itself of subsidiaries that it feels have "limited synergies with eBay and PayPal," which is exactly what the company said about StumbleUpon, why "no sale?"... Read more...
Watch out eBay: there’s a new Web auction in town. Rockybid.com launched its unique online auction service earlier this week. This auction service has a business plan that’s like no other auction service we’ve seen to date. In traditional auction fashion, Rockybid starts auctions with a set price (in this case, $0) and sets a time limit for the auction. The auction site differs from eBay and other popular auction outlets in that it adds 15 seconds to the auction countdown clock each time a bid is placed. In addition, prices increase by just $0.01 or $0.15 depending on the auction. The winner of the auction is the last person to place a bid before the timer reaches zero. Rockybid customers must... Read more...
Despite dire predictions for this year's holiday season, Black Friday results for online retailers showed a 1% increase from last year's Black Friday sales, to $534 million, according to a report by market research firm comScore. All is not rosy in the stats, however; comScore noted that for the holiday season to date e-commerce was down 4% from last year. Overall, retailers showed $10.6 billion in sales, up 3%, according to a preliminary report by ShopperTrak. The question is: how much money are they making off these sales. Brick-and-mortar stores are attracting customers through the use of bargain prices, and that's possibly what's attracting online buyers as well. According to a statement... Read more...
It's one thing to see, say, banking information to show up on a hard drive on eBay.  But to see top secret information show up on a digital camera (likely on an SD card) sold on eBay, that's a whole 'nother ball of wax.According to The Sun, an unsuspecting 28-year-old Brit spent a pretty reasonable $31 for a Nikon Coolpix camera, and got waaaaaay more than he bargained for.  Not only did he get some top secret info, after he reported it to the police, he got a visit from Special Branch.Among the items on the camera --- which he noticed after he downloaded the pictures from a vacation --- were a document marked "top secret" detailing a computer system used by MI6, pictures of rockets... Read more...
It's not the first time something like this has happened, and it won't be the last. What's worrisome is that it probably happens more often than we know, and we just don't hear about it. No, someone didn't explicitly sell personal info on eBay. What they did was sell a hard drive with the bank account numbers, phone numbers, mothers' maiden names and signatures of 1 million customers of American Express, NatWest and the Royal Bank of Scotland on it. Big oops, right? Fortunately, the buyer was Andrew Chapman, an IT manager from Oxford, and not some scammer. Obviously, the odds are in favor of the buyer either being someone honest, or else just not noticing the extraneous data. The drive originally... Read more...
There's an old joke about the French surrendering to anyone and anything, but one place France never surrenders is in the courtroom where money is involved. If you're a foreign firm doing business in France and your business model rubs an established French business the wrong way, the French court system isn't shy about whacking you with the big stick. EBay is the latest company to take a beating in Paris. They've been ordered to pay LVMH, the maker of luxury brand goods like Louis Vuitton and Christian Dior,  $61 million dollars for allowing counterfeit copies to be sold on EBay's auction site. C'est la vie? Non! Cest la guerre!EBay says it will appeal the French court's decision, which... Read more...
23-year-old Kelly Gray was just hoping to defray some of the costs of her wedding when she decided to auction off a bridesmaid spot in her wedding on eBay. But she got far more than she bargained for.When the bidding closed at 7:27 p.m. on Wednesday, the winning bid was $5,700. The winner: "drpeppersnapple".Gray and her fiance had planned to keep the wedding budget under $7,000 by using an iPod, instead of a DJ and baking their own wedding cake. Now they can plan for something a bit bigger.A representative for Dr. Pepper Snapple Group says they'll even provide drinks for the April 19, 2009 wedding. They also plan to launch a Website to find Kelly a bridesmaid, or possibly even provide a surprise... Read more...
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