eBay Posts

Pierre Omidyar And Glenn Greenwald To Launch A New Media Startup

Pierre Omidyar
Pierre Omidyar (pictured above), the founder of eBay, is worth around $8.7 billion according to Forbes.  Omidyar was interested in buying The Washington Post, but Amazon.com founder Jeff Bezos outbid Omidyar with a final price of $250 million.  Omidyar has decided to start a media startup from the ground up as a result.  He has also partnered with Glenn Greenwald, a former reporter at The Guardian that first wrote about Edward Snowden’s NSA leaks.
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eBay Inc (EBAY): Q3 Revenues Hit $3.9 Billion

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eBay Inc (NASDAQ:EBAY) has reported their Q3 financial performance today.  eBay reported revenues of $3.9 billion and non-GAAP earnings per share of $0.64.  eBay’s revenues are up 14% from the same quarter last year as their earnings per share rose 17%.  Analysts were expecting eBay to hit $0.63 per share (non-GAAP) on revenues of $3.9 billion, according to TechCrunch.  eBay’s PayPal hit $1.6 billion in revenues, which is up 19%.  PayPal has 137 million users, which is up 17%.  eBay’s “Enabled Commerce Volume” metric for the quarter was $52 billion, up 21%.  eBay ended the quarter with cash and cash equivalents at $13 billion.

eBay Inc (EBAY): PayPal’s Payment Code Uses QR Codes To Make Purchases In Retail Stores

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eBay Inc (NASDAQ:EBAY) subsidiary PayPal has announced a new feature that is coming soon called Payment Code.  The Payment Code allows PayPal users to pay for products inside retail stores using their phones.  The payments are set up through the scanning of QR codes.  The QR codes are generated within the app. 
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eBay Inc (EBAY) Acquires Braintree For $800 Million

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eBay Inc (NASDAQ:EBAY) subsidiary PayPal has acquired Braintree for $800 million.  PayPal’s acquisition of Braintree essentially is a competitor buyout.  Braintree is known for offering businesses with a payments gateway through a virtual point-of-sale system.  Braintree offers a merchant account and tools for accepting credit card purchases online and through mobile apps.  Some of Braintree’s larger customers include Uber, TaskRabbit, OpenTable, and Airbnb.  Braintree also runs an app called Venmo, which lets users transfer money to each other.

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eBay To Expand One-Hour Delivery Service To London

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eBay is going to expand the eBay Now same-day delivery service to London, England starting next year.  eBay has partnered with UK-based retail company Argos to set up the service.  eBay launched the Now service last year in New York and San Francisco.  London will be the first international expansion for the service.
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Report: eBay Inc (EBAY) Nears Deal To Buy Braintree

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eBay Inc (NASDAQ:EBAY) is in the final stages of acquiring Braintree Payments Solutions, according to sources with The Wall Street Journal.  eBay’s acquisition of Braintree would give their PayPal subsidiary access to data and transaction fees generated by Braintree’s growing network.  Braintree processes over $10 billion per year for companies like Airbnb, OpenTable, and Uber.  Braintree charges a 2.9% fee plus a 30-cent transaction fee.

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eBay Inc (EBAY): PayPal To Improve Crowdfunding Policies

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eBay Inc (NASDAQ:EBAY) has reported that PayPal will be improving their crowdfunding policies.  This follows an incident where Mailpile’s PayPal account was frozen after they raised $45,000 in crowdfunding.  Mailpile ended up raising a total of $163,192 after the incident happened and the company got a lot of press for that.  PayPal apologized for the incident and donated $1,000 to the Mailpile project.

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The PayPal Beacon Will Be Able To Identify Shoppers At Stores

PayPal Beacon
PayPal has announced a new gadget called the Beacon.  The Beacon will be able to recognize shoppers as they walk into stores.  PayPal president David Marcus announced the Beacon at the TechCrunch Disrupt conference in San Francisco.
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