eBay Inc

Policy advocates who have been pushing for new legislation reining in Big Tech's power have seen their hopes lifted and shattered several times throughout the past few months.Last week marked one of the brighter notes for those supporting the push for new antitrust laws, when the House passed a package of bills giving enforcers more resources to go after anti-competitive mergers and giving state attorneys general more power over in which courts they can bring antitrust lawsuits.While the legislation that passed 242-184 is…

eBay's headquarters in San Jose, California, U.S.Bloomberg |  Getty ImagesTwo former eBay executives were given prison time Thursday for their involvement in a cyberstalking scheme that targeted a couple behind an e-commerce blog that was perceived as critical of the company.James Baugh, eBay's former senior director of safety and security, was sentenced to almost five years in prison, while eBay's former director of global resiliency, David Harville, was given two years behind bars. Both pleaded guilty to charges in the…

Amazon.com Inc said it would give merchants free software for managing shoppers' orders on and off its platform, as the retailer extends its e-commerce reach. The company is ending monthly fees of Veeqo, a shipping software firm it recently bought, for sellers including when they fulfill orders via rival platforms like Shopify Inc, eBay Inc or Etsy Inc. D.A. Davidson analyst Tom Forte said of Veeqo, "The acquisition should improve Amazon's ability to compete against Shopify," which helps merchants set up online stores and…

Dan LoebJustin Solomon | CNBCActivist investor Dan Loeb indicated that he's going to retreat from his push to get Disney to spin off ESPN, reversing a position he had pushed less than a month ago.In a tweet Sunday morning, the Third Point CEO said he sees the virtue of keeping the sports network as a separate vertical within Disney's conglomerate."We have a better understanding of @espn's potential as a standalone business and another vertical for $DIS to reach a global audience to generate ad and subscriber revenues,"…

Over the past year, large-scale robberies have swept through stores like Louis Vuitton in San Francisco's Union Square and a nearby Nordstrom, which was robbed by 80 people.Law enforcement and retailers have warned the public that this isn't traditional shoplifting. Rather, what they're seeing is theft organized by criminal networks.And there's a reason it's on the rise."What fuels this as an enterprise is the ease of reselling stolen merchandise on online marketplaces," said Illinois Attorney General Kwame Raoul, who…

The headquarters of eBay in San Jose, California.Getty ImagesEBay is getting into NFTs — with an assist from hockey legend Wayne Gretzky.The company announced Monday that it's launching 13 limited-edition digital collectibles in partnership with Web3 platform OneOf, each of which contains a 3-D animated rendering of Gretzky making one of his signature moves on the ice.NFTs are a type of digital asset created to track ownership of a virtual item using blockchain technology. Such unique items could be artwork or sports…

An employee works at Shopify's headquarters in Ottawa, Ontario, Canada.Chris Wattie | ReutersShares of Shopify plunged more about 15% Thursday after the company reported first-quarter results that missed analysts' estimates, and said it will acquire logistics start-up Deliverr for $2.1 billion in cash and stock.Shopify posted adjusted earnings of 20 cents per share, while Wall Street had expected 63 cents per share, according to a Refinitiv survey of analysts. Revenue grew 22% year over year to $1.2 billion, but that…

Amazon CEO Andy Jassy speaks during the GeekWire Summit in Seattle on Oct. 5, 2021.David Ryder | Bloomberg | Getty ImagesCloud companies, e-retailers and household tech names got hammered on Thursday, wiping out hundreds of billions of dollars in market value and pushing the Nasdaq Composite to its worst one-day plunge since June 2020.A day after the Federal Reserve raised its benchmark interest rate by a half point in a bid to stem rising inflation, investors sold out of the part of the market that's generally viewed as…

An employee walks past a quilt displaying Etsy Inc. signage at the company's headquarters in the Brooklyn.Victor J. Blue/Bloomberg via Getty ImagesEtsy and eBay reported better-than-expected first-quarter results after the bell on Wednesday, but the companies gave weak guidance for the current quarter that suggests the e-commerce sector is cooling off after a pandemic-fueled boost.Shares of eBay fell more than 6% in extended trading, while Etsy's stock plunged as much as 12%.Here's how Etsy did, compared with expectations…