Resellers use scalper bots to grab products online and relist them immediately at significant markups on eBay and Amazon Marketplace.
Starboard Value, another influential activist investor, exited its position in eBay.
EBay is in advanced discussions to sell its classified ads business segment to Norway-based Adevinta, which operates online marketplaces in 15 countries, for "roughly $8 billion or more."
Company chart and information is provided by TradingView based on 15-minute-delayed data.
With $100 billion in marketplace gross merchandise volume, or GMV, generated in 2020, eBay's Marketplace facilitated more than 2% of the $4.3 trillion global online commerce market (based on eMarketer estimates). EBay's strategic priorities include revitalizing its Marketplace platform by emphasizing its unique product assortment and value proposition, improving the seller and buyer experience, utilizing structured data/artificial intelligence for listing searches, promoted listing advertising, and improving its mobile commerce capabilities. EBay partnered with Netherlands-based Adyen for payment intermediation beginning in 2018.
| Website: | www.ebay.com |
| Email: | ir@ebay.com |
| Main Phone: | +1 408 376-7008 |
| Address: | 2025 Hamilton Avenue |
| State: | CA |
| City / Town: | San Jose |
| Country: | US |
| Postal Code: | 95125 |
| Exchange: | NGS |
| CEO: | Jamie Iannone |
| Employees: | 12700 |
| NAICS: | Electronic Shopping and Mail-Order Houses(454110) |
Resellers use scalper bots to grab products online and relist them immediately at significant markups on eBay and Amazon Marketplace.
Starboard Value, another influential activist investor, exited its position in eBay.
EBay is in advanced discussions to sell its classified ads business segment to Norway-based Adevinta, which operates online marketplaces in 15 countries, for "roughly $8 billion or more."
A report by the U.S. Public Interest Research Group found nearly 1 in 6 of the products sold directly by Amazon had prices spike 50% higher than the 90-day average.
Elliott Management has amassed a stake in Twitter and is pushing for changes, including removal of CEO Jack Dorsey, according to sources.
The company forecast 2020 revenue in the range of $2.13 billion to $2.16 billion, above the average analyst estimate of $2.11 billion
If you've bought stuff from an online store other than Amazon, chances are good that the site was powered by this company.
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