eBay says it plans to cut ~800 jobs, or ~6% of its full-time employees, after laying off ~500 people in early 2023 and ~1,000 staff in early 2024
eBay says it plans to cut ~800 jobs, or ~6% of its full-time employees, after laying off ~500 people in early 2023 and ~1,000 staff in early 2024
EBay Inc. is cutting about 800 jobs, or 6% of its full-time employees, saying the layoffs are needed to align its workforce with strategic priorities.
eBay reports Q4 revenue up 15% YoY to $3B, above $2.87B est., GMV up 10% YoY to $21.2B, net income down 23% YoY to $525M, and forecasts Q1 profit above est.
Spencer Soper /Bloomberg:
eBay agrees to acquire secondhand clothing app Depop from Etsy for ~$1.2B in cash; Etsy bought Depop, popular with Gen Z, in 2021 for $1.6B; ETSY jumps 5%+
The $1.2 billion deal comes as eBay looks to expand its appeal among younger users. — Secondhand clothing apps hit a stride during …
eBay agrees to acquire secondhand clothing app Depop from Etsy for ~$1.2B in cash; Etsy bought Depop in 2021 for $1.6B; ETSY jumps 17%+ after hours
Niko Gallogly /New York Times:
eBay reports Q4 revenue up 15% YoY to $3B, vs. $2.87B est., GMV up 10% to $21.2B, and forecasts Q1 profit above estimates; EBAY jumps 6%+ after hours
EBay Inc. agreed to buy Depop for about $1.2 billion in an effort to attract younger shoppers and stand out in an increasingly cluttered e-commerce market.
Symbolic.ai, founded by ex-eBay CEO Devin Wenig and Ars Technica co-founder Jon Stokes, partners with News Corp to offer AI tools to WSJ, Barron's, and others
Exclusive: An AI-based journalism platform aims to do it all. Can it deliver the accuracy and productivity it promises?
Symbolic.ai, founded by ex-eBay CEO Devin Wenig and Ars Technica cofounder Jon Stokes, partners with News Corp to offer AI tools to WSJ, Barron's, and others
Exclusive: An AI-based journalism platform aims to do it all. Can it deliver the accuracy and productivity it promises?See also Mediagazer
Charm.io: TikTok Shop reached $10B+ in US sales across 600K creators between January and October, up from $5B YoY; global sales are on par with eBay's
When we first launched the Luxury Resale vertical on TikTok Shop, there was real doubt that high-value buyers would shop this way. … Alexandra Levine : You can now buy Birkin bags and Rolex watches on...
France says it plans legal complaints against AliExpress and Joom over the sales of childlike sex dolls; Temu, Wish, eBay, and more are also under investigation
Financial Times :