eBay sold its Classifieds business to Adevinta for $2.5 billion in cash and a 44% equity stake, but eBay will reduce its ownership to 33% (or less) over the next 18 months to resolve competition concerns raised by Austrian regulatory Read more
eBay entered into an agreement with Emart, which will acquire 80% of eBay’s businesses in Korea for $3 billion in gross cash proceeds. The deal puts the implied value of the whole Korean Business at approximately $3.8 billion. While eBay Read more
If you want to buy a personalized item, Etsy is more likely to come to mind than eBay, but that perception is something the latter wants to change. Today, eBay announced a new tool to help sellers in certain geographies Read more
eBay sponsored an event for small businesses put on by Politico, and eBay CEO Jamie Iannone keynoted the event where he made an argument for a strong US Postal Service and for reducing burdensome regulations. Politico’s virtual event, “Beyond Survival: Read more
eBay CEO Jamie Iannone’s recent comments about cryptocurrency, as cryptic as they were, caused a stir. Monday’s CNBC interview was not the first time eBay expressed interest in crypto, but together with the CEO’s comments about NFTs, it led to Read more
eBay is looking to further monetize its site by adding new advertising models, including Promoted Listings for Auctions and CPC Ads, as well as an “offsite” ad program, and it is investing aggressively in innovation in this area. Wall Street Read more
eBay Gross Merchandise Volume grew 29% in the first three months of 2021, or 24% on an FX-neutral basis (foreign exchange). Meanwhile, eBay took in $3 billion in revenue, up 42% on an as-reported basis and up 38% on an Read more
Figures released on Monday reveal that the sudden departure of eBay CEO Devin Wenig in September 2019 proved costly for the company beyond his $57 million exit package that year. In 2020, eBay had two CEOs: an interim chief executive Read more
eBay CEO Jamie Iannone has kicked off a new feature in which he profiles eBay sellers in Seller Spotlight videos. “In my new video series, Seller Spotlight, I’ll be sitting down with eBay sellers from all over the world to Read more
eBay CEO Jamie Iannone recently met European Commissioner for Justice Didier Reynders and discussed consumer safety on online marketplaces; eBay’s response to challenges around COVID; the circular economy; and eBay’s leading role in enabling SMEs to develop their online business, Read more
