EBay buys payment firm for almost $1B, lays off over 1,000
EBay announced two acquisitions Monday, at the same time saying it will lay off over 1,000 staff worldwide and cut back on recruitment.
EBay announced two acquisitions Monday, at the same time saying it will lay off over 1,000 staff worldwide and cut back on recruitment.
A powerful and vocal group of large eBay merchants has blasted the e-commerce giant for changes it has implemented this year, saying they have done more harm than good.
Officials from companies such as HP and Joyent debated the merits and even the definition of cloud computing Monday during an event at eBay headquarters, emphasizing efforts underway and noting limitations to cloud computing on the software side.
EBay will be one of eight individuals and corporations awarded the National Medal of Technology and Innovation Monday at the White House. EBay was praised by the US Department of Commerce for "pioneering the technology that encouraged and supported online trade, enabling global entrepreneurship and the growth of the Internet worldwide."
A technical problem that kept an unknown number of products out of eBay.com's search engine index has been fixed, and the e-commerce giant plans to issue credits to affected merchants.
The Reserve Bank of Australia is set to meet with online auction house eBay Australia and its subsidiary PayPal in the next 30 days to discuss the removal of eBay rules that favour the use of PayPal as a payment option on the site.
EBay this week rolled out WorldofGood.com, a new online Green marketplace offering products that are made from recycled or natural materials.
Ebay Wednesday announced that it is cutting the cost to list an item in its fixed price format by more than 70%, a move the online auctioneer said provides sellers its most competitive price list yet.