Etsy is laying off 200 employees, announcing the cuts just 6 days after receiving $1.4 billion in cash from eBay for the sale of Depop. Etsy notified employees in a letter on August 5, the same day it shared its Read more
Pinterest has long been looking to monetize its social-networking site, and it’s been lining up some former eBay executives to help. The latest is Scott Schenkel, who had taken over as Interim CEO of eBay when Devin Wenig abruptly resigned Read more
Nine years ago, former eBay CEO John Donahoe named Dan Schulman head of PayPal prior to the companies’ split in 2015, and in his current role as Chairman of the PayPal Board, Donahoe had a say in naming Schulman’s replacement Read more
PayPal will layoff 2,000 full time employees, which is about 7% of its total workforce, the company announced on Tuesday. It comes as other tech and ecommerce companies have laid off employees, including Amazon and Shopify. In PayPal’s case, CEO Read more
Four members of eBay’s Board of Directors will step down in June. The development comes after a major Board shakeup in 2020, the same year the government brought cyberstalking conspiracy charges against seven members of its security team. eBay spun Read more
eBay will hold its first Investor Day since it was subjected to an activist investor campaign in 2019. This year’s Investor Day will take place in March and will feature presentations by eBay CEO Jamie Iannone, Chief Financial Officer Steve Read more
eBay’s sale of its Classifieds Group to Adevinta hit a snag last month due to regulators in the UK. The two companies agreed this week to sell three of their UK units – Shpock, Gumtree (UK), and Motors.co.uk – in Read more
A majority of sellers thought eBay should sell its ticket marketplace when we surveyed them in January, so this week’s news that eBay found a buyer for StubHub at a price tag of $4.05 billion isn’t likely to come as Read more
Activist investor Carl Icahn forced eBay to split with PayPal in July 2015, but in a survey conducted last month, a majority of sellers said they were not better off as a result of the breakup. EcommerceBytes conducted the survey Read more
eBay released fourth-quarter earnings on Wednesday, and it didn’t do anything to dissuade the activist investor from targeting the company. For a refresher, see last week’s article, eBay Once Again in Crosshairs of Activist Investor. Elliott Management said eBay needs Read more
