eBay

eBay rejects GameStop’s US$56 billion bid as ‘neither credible nor attractive’

Analysts doubt that the buyout from the video game retailer for a company four times its market value will close

On Sunday, GameStop offered US$125 a share in cash and stock for eBay.

GameStop CEO says eBay shut his account after buyout funding stunt

He has put up personal items, including a pair of socks, to fund his US$56 billion bid for the platform

The proposal comes as GameStop grapples with disruptions from a shift towards online shopping and digital purchases from its brick-and-mortar roots.

GameStop offers to buy eBay for about US$56 billion

A potential deal would upend the usual M&A playbook, as it is rare for a company to target one nearly four times its size

The cuts come a week after the company said it would acquire secondhand fashion marketplace Depop for about US$1.2 billion.

eBay laying off about 800 workers, 6% of global workforce

It’s to align its workforce with strategic priorities

eBay has focused on specialty categories such as luxury goods and auto parts to navigate a challenging e-commerce market.

eBay forecasts upbeat revenue, buys Depop to boost fashion presence

It expects first-quarter revenue in the range of US$3 billion to US$3.05 billion, higher than analysts’ expectations

eBay has seen the sale of used and refurbished goods grow faster than other categories with shoppers eager to save money.

eBay gains after projecting strong sales on resilient consumers

Investors have been seeking clues about how consumers are reacting to US President Donald Trump’s trade war, which is expected to fuel inflation

eBay expects revenue in the range of US$2.59 billion to US$2.66 billion for the second quarter.

eBay announces CFO transition; sees quarterly revenue ahead of estimates

The company’s use of generative artificial intelligence, including its “magical” listing tool, and improvements in search and targeted advertising are helping simplify both selling and buying for the ...

eBay expects revenue in the range of US$2.52 billion to US$2.56 billion for the first quarter, compared with analysts’ average estimate of US$2.59 billion according to data compiled by LSEG.

eBay forecasts quarterly revenue below expectations on weak demand

E-COMMERCE firm eBay forecast first-quarter revenue below Wall Street estimates on Wednesday, signaling weak demand for products such as collector’s items and refurbished goods, sending its shares dow...

The police said on Sep 12 that reports were lodged against Qoo10 and Qxpress and that they are investigating.

Qoo10 under police probe as vendors lodge reports over delayed payments

Singapore-HEADQUARTERED e-commerce platform Qoo10 and its logistics subsidiary Qxpress are under police investigations, following complaints by vendors about delayed payments of thousands of dollars e...

While eBay’s second-quarter revenue of US$2.57 billion surpassed estimates, its sales forecast between US$2.5 billion and US$2.56 billion for the July-September period was largely below market expectations, according to LSEG data.

eBay beats quarterly results estimates on steady demand for refurbished goods

EBAY exceeded Wall Street expectations for second-quarter revenue and profit, buoyed by robust demand for pre-owned goods, cost-effective automotive parts and accessories.