eBay Posts

eBay Inc (EBAY) Magento unit hit with layoffs

Magento Logo
According to Re/Code, eBay Inc (NASDAQ:EBAY) has laid off “dozens” of employees at its Magento e-commerce software division. The total number of affected jobs is at around 50 people. The layoffs includes Magento’s product and marketing departments at its office in San Jose and Magento’s office in L.A. Jimmy Duvall, the head of product at Magento, will be departing from the company.

Continue reading →

eBay Inc (EBAY) drops CEO’s pay by 53%

eBay Logo
eBay Inc (NASDAQ:EBAY) has dropped the pay of CEO John Donahoe by 53%. Donahoe was paid $13.8 million, including salary and bonus in 2013. This is down from $29.7 million a year ago. His basic salary increased by 2%, but the annual cash incentive fell by 43% from a year earlier. Donahoe performed well, but eBay’s financial performance did not “fully meet expectations.”
Continue reading →

eBay Inc (EBAY) rejects Icahn’s nominees for board of directors

eBay Logo
eBay Inc (NASDAQ:EBAY) is in the midst of a major disagreement with billion activist investor Carl Icahn. One of the latest blows to Icahn in the disagreement is that eBay rejected his two nominees for the board of directors and decided to renominate every director up for re-election this year. Icahn published a criticism of eBay CEO John Donahoe in a letter to shareholders. Icahn said that the sale of Skype was mishandled and costed the shareholders $4 billion.
Continue reading →

eBay Founder Pierre Omidyar defends keeping PayPal

Pierre Omidyar
eBay founder Pierre Omidyar announced on Thursday that Carl Icahn’s claims that the company is not operating in the interest of shareholders are false. Icahn wrote three letters to eBay shareholders that urges the splitting off of PayPal, which is the fastest growing division at eBay and accounts for around 40% of the company’s revenues.
Continue reading →

eBay Inc (EBAY) leads $134M investment in Snapdeal

eBay Logo
eBay Inc (NASDAQ:EBAY) is leading a $133.77 million investment in Indian e-commerce company Snapdeal. This round of funding follows a previous investment round that eBay made in Snapdeal last year. Snapdeal has raised a total of $202 million across five rounds of funding. 
Continue reading →

eBay Inc (EBAY) gets accused of conflict of interest by Icahn

Carl Icahn
eBay Inc (NASDAQ:EBAY) is being accused of conflict of interest by billionaire activist investor Carl Icahn. Icahn accused eBay CEO John Donahoe of failing to spot or ignoring conflicts of interest on the company’s board of directors.
Continue reading →

eBay Inc (EBAY) acquires PhiSix Fashion Labs


eBay Inc (NASDAQ:EBAY) has acquired PhiSix Fashion Labs, a computer graphics company that builds 3D models of clothes from photos. The 3D models makes it possible for shoppers to browse for clothes in virtual fitting rooms in different scenarios like using a golf club rather than a dressing room.
Continue reading →

A used iPhone with ‘Flappy Bird’ is selling for $100,000 on eBay

Screen Shot 2014-02-10 at 8.39.19 AM
You may have heard that a ‘Flappy Bird’ is a popular game that was created by Dong Nguyen, but was taken down because he could not handle the stress of success. An eBay user is now selling an iPhone with the Flappy Bird game installed on it so you can keep playing it. The price started at $650 and now it has already hit almost $100,000 across 74 bids with 6 days and 5 hours left in the auction. Insane!