Online marketplace behemoth eBay said it plans to no longer accept American Express, citing what the company says are “unacceptably high fees” and that customers have other payment options to shop online. It is a notable blow to American Express, whose customers are often the most attractive among merchants and spend the most money per […]
The FBI is helping investigate stolen items from the British Museum, per the BBC. It’s investigating if items from the museum were sold to US buyers, the report said. This includes items bought off eBay that may have come from the museum’s collection. The FBI is investigating the potential sale of hundreds of items stolen […]
Shares of Etsy (ETSY) and eBay (EBAY) are both sliding Thursday morning after both companies posted their first-quarter earnings results, revealing signs of weakening spending in the consumer discretionary category. At Etsy, merchandise sales were down 3.7% year-over-year with habitual buyers down 2.9% year-over-year. Yahoo Finance’s Madison Mills joins Wealth! to break down the consumer […]
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Material World is a weekly roundup of innovations and ideas within the materials sector, covering news from emerging biomaterials and alternative leathers to sustainable substitutes and future-proof fibers. Dempstah x eBay Australia Dempstah recycles unwanted clothing into spun yarn. Ebay Australia, with support from the Australian Fashion Council, has named an Australian design practice that’s recycling textile […]
E-commerce platform Ebay is to cut about 1,000 roles, or an estimated 9 per cent of its current workforce. The company employees approximately 900 people in its Irish operations. It is not yet clear how the announcement may impact Irish jobs. “While we are making progress against our strategy, our overall headcount and expenses have […]
eBay will pay $3 million to resolve criminal charges stemming from several of its former employees sending live spiders, cockroaches and a fetal pig to a Massachusetts couple who wrote a newsletter critical of the company in 2019, officials said Thursday. The online auction giant was charged criminally with two counts of stalking through interstate […]
Ecommerce giant eBay has agreed to pay a $3 million criminal penalty for harassing and intimidating a Massachusetts couple in retaliation for their 2019 coverage in an online newsletter and for obstruction of the investigation that followed, according to the U.S. Attorney for Massachusetts. According to eBay’s admissions, between approximately Aug. 5 and Aug. 23, […]
By Nate Raymond BOSTON (Reuters) -EBay has agreed to pay $3 million to resolve a U.S. criminal probe into a campaign by several of its employees to stalk and harass a Massachusetts couple whose online newsletter was viewed as critical of the e-commerce company. Federal prosecutors in Boston said on Thursday that eBay had entered […]