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NEWS ABOUT: eBay

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New Era at eBay Includes Absent CEO, Turmoil

Auction site leaning on Skype, other new services for renewal

(Newser) - Online auction site eBay is sailing into new, perhaps troubled waters, reports Wired, as users write angry letters to newspapers, its CEO-in-waiting--John Donahoe--disses the site as a flea market, and CEO and founder Meg Whitman follows the campaign trail behind presidential hopeful Mitt Romney. Yet, in a down market, its... More »

eBay Halts Sale of Iraqi Treasure

Smuggled 4,000-year-old tablet was taken down minutes before auction closed

(Newser) - eBay called off the auction of a 4,000-year-old clay tablet last week just minutes before it closed because an expert suspected the artifact had been smuggled out of Iraq, the Guardian reports. A German archaeologist alerted authorities after spotting the tablet, a business-card-size object covered in distinctive cuneiform script,... More »

Guitar Hero: $9K; Lesson to Pothead Son: Priceless

Dad scores, then sells coveted video game

(Newser) - Christmas came early for a father who sold a rare $90 Guitar Hero III video game for $9,100 on eBay. He searched for "the Holy Grail of Christmas presents" for 2 weeks, he said in his auction description, and "couldn't wait to spread the jubilance to my... More »

Cutting Back on E-Consumerism

PC World's Grant Gross joins activist online group

(Newser) - While many Americans spend big bucks online, some are using the Internet to tone down their consumerism. PC World's Grant Gross has joined a national group called the Compact, which encourages members to swear off buying new stuff whenever possible and stick to local products. It's a step "beyond... More »

Nintendo's Wii Shortage Is Good Business Strategy

Firm sees benefits of its conservative culture

(Newser) - Nintendo’s Wii is proving hard to find in the holiday rush, a phenomenon the Wall Street Journal says is indicative of the Japanese company’s cautious culture—but also good business sense. Nintendo is cautious for a reason: it saw its fortunes rise with the original NES and SNES... More »

eBay Returns to Japan With Yahoo Union

Deal is latest in string of partnerships in Asia

(Newser) - eBay is returning to Tokyo after 5 years away, teaming with Yahoo Japan on a cross-bidding website launching today. The auctioneer couldn’t make inroads in its first Japanese foray, a rare failure; the new Yahoo deal is the latest in a string of partnerships in Asia, including sites under... More »

Now PayPal Is Everywhere MasterCard Is

New service aims to protect financial info, simplify shopping

(Newser) - PayPal is offering a new way for customers to pay on sites that don't normally accept the service. PayPal Secure Card creates a new MasterCard number for every transaction and retrieves members' payment information from their PayPal accounts. "From a merchant's perspective this looks like any other MasterCard transaction,... More »

Inside the 'PayPal Mafia'

Company's first generation behind $30 billion of cutting edge companies

(Newser) - They may be the most brilliantly successful—or luckiest—or both—small group of entrepreneurs in history: PayPal alumni who, like founders Peter Thiel and Max Levchin, left the company to create $30 billion worth of innovation: YouTube, Facebook, Slide, Yelp, Digg, investment firms, philanthropies, solar-power companies, an electric car... More »

eBay Launches Microfinance Loan Site

Users can lend money to the world's poor... and earn interest

(Newser) - EBay's newly launched MicroPlace lets users make loans through PayPal or a bank account to needy entrepreneurs worldwide. The idea? Even small sums can help poor people build businesses to raise themselves out of poverty. The site's founder remembers one Bangladeshi woman who bought a handloom, thus earning enough to... More »

Young Tycoons in Endless Pursuit of Next Project

No rest for driven Silicon Valley moguls

(Newser) - Rather than reveling in his $100 million fortune, mogul Max Levchin spent a year feeling "worthless and stupid" after he sold PayPal to eBay at the age of 27. Too young to retire, too restless to become a philanthropist, Max was like many young Silicon Valley tycoons dogged by... More »

Limbaugh Letter Brings Record $2.1M on eBay

Critical letter from Dems auctioned to benefit charity

(Newser) - A letter to conservative radio show host Rush Limbaugh from 41 Democratic Senators sold yesterday on eBay for $2.1M, a record for an eBay item sold to benefit charity. The Dems who wrote the letter objected to Limbaugh labeling Iraq veterans critical of the war as "phony soldiers,... More »

Patriots Get Names of Web Ticket Sellers

StubHub says move to curb scalpers violates customer privacy

(Newser) - A Mass state court has given the New England Patriots the names of people who bought and sold the team's tickets on the StubHub website. The team is suing the site, owned by eBay, because reselling tickets for profit is technically illegal (though the law is rarely enforced). StubHub and... More »

eBay Posts Big Growth but Net Loss Thanks to Skype

Skype write-down takes byte out of auction company

(Newser) - EBay reported strong growth in some sectors despite posting a $936 million net loss for the third quarter, reports the Wall Street Journal. Most of the loss is due to the company writing down internet calling company Skype by $1.39 billion after eBay found it difficult to make money... More »

Buyer, Beware of Recalled Goods on EBay

Online auction stalwart warns users to screen carefully

(Newser) - After the recent recall of 21 million toys, eBay has cautioned its shoppers about buying tainted goods—and warned sellers of them they may be kicked off the site. The internet phenom says it’s unable to police all items in its marketplace, but will be providing tip sheets and... More »

eBay's $1.4 Billion Phone Bill

Takes huge write down on overpriced Skype

(Newser) - eBay's $2.6 billion acquisition of phone service Skype looks like a wrong number, with profits on hold indefinitely. The Wall Street Journal reports eBay will take a $1.4 billion write down on Skype, which  accounts for $90 million of eBay's $1.83 billion in revenue in the third... More »

eBay Identity Thefts Raise Fears

Members personal data posted on forum

(Newser) - A sinister incident in which confidential information of 1,200 eBay users was posted on a discussion forum is raising questions about the security of the world's biggest online marketplace. PC World reports that a person eBay called "a malicious fraudster" posted the personal data, visible for an hour... More »

Vick's Talking Points end Up on Ebay

Notes of his speech include apology to dogs, which he forgot

(Newser) - Vick’s next note to self may be “apologize to the dogs next time.” TMZ readers have already seen his private notes from his apology last week and can even bid to own them, because the Humane Society has posted them on ebay. Vick’s list of regrets... More »

She Fought Cancer With eBay—and Found Her Legacy

(Newser) - It was her mother's dying wish: "Take care of my eBay." Katherine Rossman chronicles her mother's four-year battle with cancer, and the concurrent obsession with collecting vintage glass on the Internet that sustained her. Her $25,000 collection of Art Deco bibelots was to become her legacy. More »

Dogs Bite Back at Vick, Cash In

Chewed-up football cards for the Falcons' QB fetch $7,400 on eBay

(Newser) - A Cape Girardeau, Mo., woman let her two dogs loose on her collection of Michael Vick football cards, and sold the resulting mess for $7,400 on eBay, reports the Kansas City Star. The 22 cards were originally worth from $1 to $10 each; Rochelle Steffen says she will donate... More »

Net Startups Go Gaga Over Silly Company Names

New web companies follow Google's example and embrace goofy monikers

(Newser) - Following in the Google tradition of using a goofy name to stand out from the Silicon Valley pack, a new generation of internet startups is sporting wacky monikers that may rile investors and confuse consumers. Young companies resort to names like Tagtooga and Qoosa to carve out unique identities and... More »

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