Carl Ichan just tore into EBay with an open letter February 24, 2014 Activist investor Carl Icahn has just put out a new letter, and his target is EBay, which he accuses as having "multiple lapses in corporate governance." Icahn says that he has "recently accumulated a significant position in EBay" as "there is great long-term value in the business." But things aren't all that rosy at the [...]
Ebay and Argos to trial click and collect service September 24, 2013 ONLINE auction giant Ebay announced yesterday that it has entered into a national trial with Argos to let customers pick up goods bought on Ebay in Argos stores. The collection service will initially be trialled at 150 Argos stores for six months and will include goods bought from 50 of Ebay’s sellers. Ebay did not [...]
eBay beats the street as sales jump upwards January 16, 2013 EBAY yesterday reported quarterly results that just beat Wall Street expectations, but the e-commerce giant also gave a cautious forecast for the year ahead. Fourth-quarter revenue jumped 18 per cent to $3.99bn (£2.49bn). Profit came in at $927m, or 70 cents a share in the period. That compares with profit of $789m, or 60 cents [...]
eBay shares fall despite sales hike October 21, 2005 eBay has grown even bigger in the last three months with sales now topping $1.1bn (£621m), it said yesterday. Shares still fell, however, as the online auction company had to defend itself over its $4.1bn (£2.26bn) purchase of Skype Technologies, the internet telephony company. eBay, which has taken the world by storm with its service [...]