NEW YORK (TheStreet) – EBay shares ticked higher after the e-commerce company reported mixed quarterly results, but said it plans job cuts and possibly spinning off another division. Late Wednesday, eBay said it plans to reduce its workforce by 2,400 position or 7% of its total headcount. The company also …
Read More »eBay Employee Admits He Helped Build The Silk Road – Business Insider
Business Insider Australia eBay Employee Admits He Helped Build The Silk RoadBusiness InsiderRichard Bates, a software engineer who works at eBay, admitted last week in the Silk Road trial that he helped build the internet's largest illegal drug marketplace, Wired reports. Bates was a college friend of Ross Ulbricht, the …
Read More »‘Jilted John’: Raffle nets companion for eBay honeymoon man – BBC News
BBC News 'Jilted John': Raffle nets companion for eBay honeymoon manBBC NewsAfter being jilted three times, a man who tried to auction his ex-fiancée's honeymoon place has finally found a holiday partner. John Whitbread, from Leicestershire, put the £1,800 trip to the Dominican Republic on eBay in the hope of …
Read More »Jim Cramer Explains Why eBay Stock Could Go Higher After Earnings Report
NEW YORK (TheStreet) — TheStreet's Jim Cramer comments on eBay's mixed fourth-quarter earnings and says he wants to both own and not own the stock. Cramer says PayPal inside eBay is doing remarkably well and says it will be "one of the great payments processing stories, not unlike MasterCard and Visa " …
Read More »eBay’s weak holiday sales trigger 2400 job cuts – OregonLive.com
eBay's weak holiday sales trigger 2400 job cutsOregonLive.comeBay is cutting 2,400 positions after reporting weak holiday sales and forecast sluggish revenue growth for the first quarter, underscoring the competitive challenges facing the marketplace business as it prepares to operate on its own after a split. More: continued here
Read More »Carl Icahn Wants More Than Spinoffs at Gannett, EBay – Wall Street Journal (blog)
Carl Icahn Wants More Than Spinoffs at Gannett, EBayWall Street Journal (blog)Breaking up a company isn't enough to satisfy activist investor Carl Icahn. At eBay Inc., where he pushed for a breakup, and Gannett Co., where he blessed the company's decision to split its business in two, he is fighting …
Read More »Dale Earnhardt, Jr. puts his Callaway Corvette and ’55 Chevy on eBay – Autoblog (blog)
Stock Car Spin Dale Earnhardt, Jr. puts his Callaway Corvette and '55 Chevy on eBayAutoblog (blog)Dale Earnhardt, Jr. has put a couple of his personal cars up for sale on eBay. The first is a 1955 Chevy Bel Air that Junior had reworked by Funkmaster Flex, a bit of a …
Read More »eBay – Mixed Results And News Show, Shareholder Value Creation Is Uncertain … – Seeking Alpha (registration)
eBay – Mixed Results And News Show, Shareholder Value Creation Is Uncertain …Seeking Alpha (registration)eBay's results were solid, as the outlook is weak driven by the headwinds resulting from dollar strength and weakness at the marketplace business. PayPal continues to perform well, as the company is cutting costs and aiming …
Read More »eBay Q4 2014 Review: Can’t Fight The Tide – Seeking Alpha (registration)
eBay Q4 2014 Review: Can't Fight The TideSeeking Alpha (registration)EBAY's EPS missed on marketplace weakness and 2015 guidance suggest further decline in the marketplace business. M&A sentiment will likely drive the stock in the near-term – and I'm switching my view to buy from sell mainly based on a sentiment …
Read More »Early movers: VZ, EBAY, TRV, KEY, GOOG & more – CNBC
CNBC Early movers: VZ, EBAY, TRV, KEY, GOOG & moreCNBCEBay—EBay announced a standstill agreement with investor Carl Icahn, and also said it will explore a sale or initial public offering of its enterprise business. The e-commerce company also announced plans to cut 2,400 jobs during the current quarter … More: …
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