PayPal announced two new leaders will be joining the company as it prepares to separate from eBay Inc. and become an independent, publicly-traded company later this year. Both will report to PayPal president and CEO designee Dan Schulman and serve on the company’s leadership team. Louise Pentland will become PayPal’s new General Counsel, joining the
eBay and Argos have announced that they have entered an agreement to extend their offering of Click & Collect services via Argos stores. This extension will enable shoppers to select products from a much wider range of eBay sellers for collection from about 650 Argos stores. The Click & Collect partnership commenced in September 2013
eBay Inc. has said it will be asking eBay users to change their passwords because of a cyberattack that compromised a database containing encrypted passwords and other non-financial data. After conducting extensive tests on its networks, the company said it has no evidence of the compromise resulting in unauthorized activity for eBay users, and no
eBay, the global commerce platform and a mobile commerce leader, has announced the launch of new Spanish- and Portuguese-language versions of eBay.com to better serve customers across Latin America. More than 2 million people in Latin America already shop eBay in English and U.S. dollars. Now, when these customers visit eBay, they will see localized
Global commerce platform and payments leader eBay Inc. has reported that revenue for the first quarter ended March 31, 2014, increased 14% to $4.3 billion, compared to the same period in 2013. Non-GAAP earnings increased 11%, to $899 million or $0.70 per diluted share, over the prior year, driven by strong top line growth. A
After coming under fire recently from Carl Icahn, the activist investor who believes eBay should spin off 20% of its PayPal division, eBay has released the following statement: “PayPal and eBay are better together. That’s been true for the past five years, during which time PayPal and eBay have generated a 441% increase in share price for our
Global commerce platform and payments leader eBay Inc. has reported that revenue for the fourth quarter ended December 31, 2013, increased 13% to $4.5 billion, compared to the same period of 2012. The company reported fourth quarter net income on a GAAP basis of $850 million, or $0.65 per diluted share, and non-GAAP net income
eBay Inc. has announced it completed its previously announced acquisition of Braintree, the payment platform powering the next generation of leading online and mobile-first startups. In accordance with the terms of the acquisition agreement announced September 26, 2013, eBay acquired Braintree for total consideration of approximately $800 million in cash. Braintree will now operate as
As technology continues to change the way people shop, eBay today introduced a set of new features that make browsing and buying on eBay more personalized and inspiring. The company also announced a series of steps it is taking to accelerate its efforts in local commerce, including plans to extend its popular eBay Now delivery
eBay Enterprise, the leading global provider of commerce technologies, omnichannel operations and marketing solutions for the world’s premier retailers and brands, introduced its new suite of commerce technologies at its annual Client Summit recently in New York. “Retailers and brands understand the importance of having industry-leading capabilities across their entire value chain to support a
