eBay Inc

Jakub Porzycki | Nurphoto | Getty ImagesTemu, the controversial Chinese e-commerce giant looking to take on Amazon, is returning to the big game on Sunday with a Super Bowl ad that lawmakers are calling on Paramount Global and CBS not to run.The company, owned by PDD Holdings, skyrocketed to prominence last year after it ran an ad during the big game just a few months after it was founded. Last year's advertisement touted Temu's low prices and invited consumers to shop "like a billionaire." The multi-million dollar…

After massive job cuts last year, tech companies and startups continue to slash the workforce this year as well. Last year, several companies trimmed their workforce after a period of increased hiring during the Covid-19 pandemic. According to data from Layoffs.fyi, a layoff-tracking website, a total of 2,62,595 employees were laid off last year by 1,187 tech companies. So far in January, 91 tech companies have already fired 24,564 employees.Elevate Your Tech Prowess with High-Value Skill CoursesOffering…

Locked up merchandise, to prevent theft in Target store, Queens, New York. Lindsey Nicholson | Universal Images Group | Getty ImagesThe Inform Consumers Act, a new law that aims to curb organized retail theft and the sale of counterfeit and harmful products on online platforms, takes effect Tuesday as more retailers blame theft as a reason for lower profits. The new law requires online marketplaces, such as Amazon and eBay, to verify and share information on third-party sellers that handle a high volume of transactions on…

Last year, Anthony Velez, CEO of Bagriculture, a small business selling pre-owned designer handbags, made up to $100,000 a month across his seven brick-and-mortar stores in New York City.This year, business is much different: Velez has closed all of his physical locations, but he's generating up to $100,000 a day.The secret to his success, he told CNBC, has been diving into the world of livestream shopping."All the metrics exceed any other form of shopping I've seen – period," Velez said. "We can go live on three to four…

For several years, the terms shrink, retail crime and organized retail theft have echoed from the mouths of politicians, police officers, trade groups and the country's most prominent retail executives.Politicians and police departments have sounded the alarm about rising retail theft, and are calling for stricter enforcement and prosecution to fight it. Trade groups and retailers have griped about shrink's effect on profits, and warned it could lead to store closures, employee-retention issues, safety concerns and…

The Depop application on a smartphone arranged on Wednesday, June 2, 2021.Gabby Jones | Bloomberg | Getty ImagesSix months after launching his secondhand clothing shop on digital marketplace Depop in 2020, Blake Robertson, a 15-year-old high schooler at the time, received a death threat from a customer.It came via Instagram, from someone who had not received her purchase in time for Christmas.  "Nothing happened, but I don't know, it just opened my eyes to the fact that some people, they just really want their items,"…

Girl Scouts announced the new Raspberry Rally cookie in Orlando, Florida, on Aug. 16, 2022.Orlando Sentinel | Tribune News Service | Getty ImagesThis is the way the Girl Scout cookie crumbles.Amid widespread cookie shortages, the Girl Scouts of the USA said they are "keeping all options open" as frustrations mount with one of their baking partners, Little Brownie Bakers, which is owned by Italian confection giant Ferrero.Little Brownie Bakers, or LBB, notified the Girl Scouts on Monday morning that weather-induced power…

New York, NY. - December 7th. Portrait for a profile on Fanatics founder & CEO Michael Rubin at his office in downtown NYC.The Washington Post | Getty ImagesFanatics is moving into livestreamed shopping around collectibles and trading cards, hiring a former Snap and Alphabet executive to launch its new business later this year.Nick Bell, who previously led teams responsible for Google Search experience and was Snap's global head of content and partnerships, will serve as the CEO of Fanatics Live, a new business…

China's e-commerce market was valued at $2 trillion in 2022, according to GlobalData, and the country also has a rapidly growing middle class, making it an attractive market for American companies.Amazon entered the China market in 2004 through a $75 million acquisition of Joyo.com, an online book and media seller. The joint venture rebranded to Amazon China at the domain Amazon.cn in 2011.E-commerce giants Alibaba Group and JD.com, which both own and operate some of the largest and most trusted business-to-consumer…

EBay Inc's quarterly results beat Wall Street targets as inflation-wary shoppers snapped up refurbished goods and the ecommerce platform reaped the benefits of expanding its luxury offerings. The company still forecast holiday-quarter revenue slightly below estimates, but investors looked past that to drive up its shares nearly 8% in extended trading. "As consumers in our major markets face persistent inflation, higher interest rates and rising home energy costs, they are increasingly turning to eBay for better value,"…