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NEWS ABOUT: eBay

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Luxe Knockoffs Cost eBay $63M

French court favors Louis Vuitton; auction giant may boost anti- counterfeit measures

(Newser) - A French court sided today with couturier Louis Vuitton in a suit against eBay, ruling the auctioneer must pay $63.1 million in damages for fake goods sold on its site—a ruling the Wall Street Journal says will force eBay to step up anti-counterfeiting protections. EBay says it will... More »

Investor Wins $2.1M Lunch With Buffett

Charity auction for San Francisco homeless sets record

(AP) - A Chinese investment fund manager won the chance to have lunch with billionaire Warren Buffett by bidding $2.1 million in the most expensive charity auction ever held on eBay. Zhao Danyang of the Hong Kong-based Pureheart China Growth Investment Fund won the auction, which ended Friday evening with a... More »

Aussie Man's Life Fetches $2M on eBay

Offer includes house, job, and friends of once-heartbroken man

(Newser) - An Australia resident may rake in over $2 million after he put his life—including his house, job, and friends—for sale on eBay, the Western Australian reports. The deal, which the man says hatched when his wife left him, comes complete with a jet ski and motorcycle. The reserve... More »

Amazon Kept Laughing After Dot-Com Bust

E-tailer stays nimble as Yahoo, eBay trip into the future

(Newser) - Yahoo, eBay, and Amazon emerged from the dot-com bust as a mighty triumvirate, but only Amazon has kept its mojo in the decade's latter stages, the Economist reports. Yahoo, the oldest of the lot at 14, shooed away Microsoft, surrendered part of its business to Google, and failed to stay... More »

EBay Will Open Doors to Outside Programmers

Openness move won't take off until 2009

(Newser) - EBay has revealed a plan to let third-party software programs work within its Selling Manager, a tool used by 700,000 large merchants. Project Echo is the latest landmark in an openness movement that helped Facebook hit its stride, Reuters reports, as independent developers will soon have their software promoted... More »

eBay Auctions: Going, Going ... Gone?

Site making changes as one-click buying gains market share

(Newser) - EBay is the Internet’s top auction site—which would be great if consumers still liked auctions. Long gone are days when consumers happily stalked their prey, which went to the top dog in frenzied bidding. These days, most prefer quick, one-click, fixed-price shopping—and eBay is scrambling to accommodate... More »

Web Looks Different When You're Not Chained to Desk

Most popular sites visited by mobile users don't track with hits from home, office PCs

(Newser) - Mobile web surfers are turning conventional wisdom on its head by traveling to a different constellation of sites than those visited from workday PCs, BusinessWeek reports. The “Weekend Web” relies not on Google, Yahoo, and MySpace, but rather on Craigslist, eBay, the Weather Channel and MapQuest—and don't think... More »

Germany Seizes 'eBay Baby'

Couple listed son 'as a joke,' but unamused cops suspect child trafficking

(Newser) - Germany has taken a seven-month-old baby from his parents after they tried to sell him on eBay, the BBC reports. The yet-unnamed child was advertised as “nearly-new” and had a starting price of one euro. “It was only a joke,” the child’s mother said. “I... More »

Craigslist Countersues eBay

Fires back with unfair competition

(Newser) - The battle between Craigslist and eBay heated up yesterday after Craigslist filed a countersuit charging the auction giant—which holds a 28.4% stake in Craigslist—with offenses ranging from unfair competition to trademark infringement, the New York Times reports. The action is in response to eBay’s lawsuit filed... More »

List Guy Craig Branches Out

While eponymous site battles eBay, Newmark turns to public service, Obama campaign

(Newser) - Everyone knows Craigslist, but Craig himself is getting a little restless. Craig Newmark is spending more time and money on outside projects, the New York Times reports, even with his company in a high-profile tiff with eBay. Newmark, 55, says he spends half his time on customer-service issues, the other... More »

Craigslist Feared eBay Takeover

It diluted auction giant's shares, triggering last week's lawsuit

(Newser) - Why did eBay sue Craigslist last week? Craiglist's fear of a hostile takeover played a role, the New York Times reports. The relationship between the classified ads site and minority shareholder eBay began to sour after eBay launched rival site Kijiji. Craigslist’s directors smelled a takeover in the offing... More »

50 Ways to Hock Your Lover

ExBoyfriendJewelry.com offers more than just a penny for your thoughts

(Newser) - Diamonds really are a girl's best friend, especially when auctioned off to sympathetic sisters on ExBoyfriendJewelry.com. EBay offers goods without much backstory, but the founders of the gem-hocking site put a personal twist on swapping, selling, and auctioning artifacts of toxic relationships, the New York Times reports. More »

Okla. Man Buys Santa Monica Ferris Wheel

Pier attraction brings in $132,400

(Newser) - The Santa Monica Pier Ferris wheel has been sold on eBay for $132,400—to a first-time eBayer and the son of a former Oklahoma City mayor, the Los Angeles Times reports. Grant Humphreys, a 32-year-old real estate developer who'd never set eyes on the crowd-pleaser, placed the winning bid... More »

EBay Sues Craigslist as 'Family' Kerfuffle Gets Nasty

Online culture clash heads for court

(Newser) - The uneasy relationship between Craigslist and eBay, its competitor-turned-minority shareholder, has taken a turn for the worse. EBay has filed a lawsuit against Craigslist, accusing the classified ad site of "unfairly" diluting the auction giant's stake in it by 10%, the New York Times reports. Craigslist has fired back,... More »

Skype Launches $9.95 Plan for Unlimited Foreign Calls

Flat rate covers calls to 34 countries

(Newser) - Internet calling system Skype is introducing a plan for unlimited overseas phone calls for $9.95 a month, CNET reports. The plan includes 34 European and Far Eastern countries, along with Australia and New Zealand—but the deal is limited to landlines except for calls to cell phones in Canada,... More »

eBay Profits Jump 22% Under New CEO

Site raises projected revenue to $9B, exceeds estimates

(Newser) - EBay's revenue soared 24% in the first quarter, the Wall Street Journal reports, with profits up 22%. Fueled by continued success with its online auction business and PayPal, its online-payment component, the company also raised its projected 2008 earnings to $8.7 billion to $9 billion, well beyond Wall Street... More »

EBay's Turnaround Bid: Users Not Buying It Now

Stagnant auction site's overhaul gets lukewarm reaction

(Newser) - When eBay releases its first quarter earnings today, investors and curious onlookers will get a good look at the auctioneer’s turnaround efforts. But conventional grumbling has it that the changes haven’t done much. EBay overhauled its fee structure and tried to encourage sellers to improve customer service, but... More »

Internet Bigwigs Fight NY Law on Tracking Web Users

Companies say they have a right to collect information for advertisers

(Newser) - Google, Yahoo and a bevy of Internet biggies have joined to fight a proposed New York state law that would limit their ability to collect information about people's web habits for advertisers, reports the Wall Street Journal. The coalition says the law would endanger the future of online advertising and... More »

Can New CEO Keep eBay on Top?

Company faces slowing growth, competition

(Newser) - As John Donahoe takes over from Meg Whitman as CEO of eBay today, he inherits a grande dame where Whitman oversaw the rise of an e-commerce belle. Still dominant in online auctions, the company has nonetheless faced slowing growth and stiffening competition. But analysts think Donahoe, the former eBay Marketplace... More »

Tiffany Presses eBay to Police Forgeries

Showdown may force online auctioneer to monitor—at a big cost

(Newser) - A legal battle between Tiffany & Co and eBay could change the face of online auctioneering forever, the Wall Street Journal reports. The jeweler says eBay should be responsible for checking its millions of listings for counterfeit goods, while eBay maintains that it's up to the trademark holder to flag... More »

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