32.02 0.00 (0.00%)
After hours: 4:33PM EDT
|Bid||31.87 x 800|
|Ask||32.30 x 1200|
|Day's Range||31.50 - 32.37|
|52 Week Range||30.76 - 46.99|
|Beta (3Y Monthly)||1.45|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 30, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||43.87|
EBay.com Inc. on Wednesday filed a lawsuit against Amazon.com Inc. accusing the company of illegally poaching sellers on its marketplace via eBay’s internal messaging system. The lawsuit, filed in Santa Clara County in California, accuses Amazon of having “perpetrated a scheme to infiltrate and exploit eBay’s internal member email system” over the past few years. The alleged scheme was used by dozens of Amazon sales representatives in the U.S. and abroad to recruit high-value eBay sellers to Amazon, the lawsuit said.
eBay (EBAY) has experienced the pressure of activist investors before, and it could relive that experience soon. According to a Bloomberg report, eBay could be on its way to face another activist investor push in the near future. That is because several activist investors are believed to be setting their eyes on the company.
The company has partnered with Red Pocket Mobile to sell wireless plans to people buying secondhand phones from the eBay marketplace. The eBay marketplace is a popular spot among consumers to browse for used phone deals. In the US, for example, a mobile phone is sold on eBay every four seconds.
Mobile payments company PayPal (PYPL) partnered with retail behemoth Walmart (WMT) on October 11 to allow PayPal users to deposit cash as well as withdraw money at a brick-and-mortar store. The companies’ partnership could prove a boon to millions of customers who rely on PayPal for digital cash transactions and Walmart for their everyday needs.
The festive season, during which shopping lasts for several months until Christmas, is currently underway in India. The stage is set for a fierce competition between Amazon (AMZN) and Walmart (WMT) for festive spending in India. Walmart owns Flipkart, one of the leading e-commerce companies in India alongside Amazon.
Toward the end of September, Amazon (AMZN) opened a new store called Amazon 4-star in a New York City neighborhood. The general store stocks an array of goods, including toys and kitchen appliances. It’s dedicated to selling highly rated items, meaning items that Amazon’s online shoppers have rated four stars and above. The opening of Amazon 4-star represents another step in Amazon’s efforts to grow its physical store presence.
Square (SQ) announced earlier this month that it would start extending loans of up to $10,000 consumers as long as they are buying from merchants that use Square products or services. Square’s consumer lending product is called Square Installments. Its launch marks the expansion of the company’s credit business.
Tencent (TCEHY) has recently disclosed that it will invest $180 million for a minority stake in Brazilian financial technology company Nubank, known formally as Nu Pagamentos. Nubank is a provider of digital financial services, including payment processing. Tencent has said that its aim in becoming an investor in Nubank is to help the startup develop into a full-service finance platform for consumers.
Amazon (AMZN) hosts more than 2.0 million sellers on its marketplace, according to FactSet estimates cited by the Wall Street Journal. The company makes money from its sellers by taking a cut of the sales they make through its marketplace. For example, sellers pay to advertise their items on Amazon’s marketplace, and Amazon also earns revenue from processing payments and extending loans to sellers.
I sold a pair of collectable trainers on eBay some nine months ago. The person who bought them from me put in a return request as they found a small mark on one of the shoes.
The loss in value was due to the resignation announcement of the company’s chief financial officer (or CFO), Sarah Friar. On Wednesday, Friar declared that she will step down from the payments company and will join the San-Francisco-based social networking firm Nextdoor in December this year as CEO. In fact, according to a Bloomberg report, the departure of Friar could continue to pressure the stock in the coming months, as she was the face of the company and had served the company for six years.
It looks like a do-or-die situation for Amazon (AMZN) and eBay (EBAY) in their race to attract third-party sellers to their online marketplaces. Earlier this month, eBay accused Amazon of illegally poaching its sellers. According to eBay, a team of Amazon sales representatives has been involved in a scheme in which they send messages to eBay sellers to try to sway them to move to Amazon’s platform.
As much as PayPal (PYPL) is in heated competition with Square (SQ), LendingClub (LC), eBay-backed (EBAY) Adyen, and others for payment and loan customers, there comes a time when the company decides to put its foot down and kick out some customers. This happens when PayPal determines that a customer is in violation of its rules and is promoting hate, which is what happened recently in the case of Infowars. Last month, PayPal decided to terminate its business dealings with Infowars, a far-right American media platform run by controversial radio host Alex Jones.
Amazon (AMZN) is scheduled to release its third-quarter earnings results on October 25. Since Amazon reported revenue of $43.7 billion in the third quarter of 2017, the estimate implies that the company is expected to have grown its revenue 30.7% YoY (year-over-year). Amazon’s revenue rose 33.7% YoY in the third quarter of 2017.
PayPal (PYPL) has come up with a solution to this problem. The company has built a feature called Smart Buttons that lets merchants show customers only the most relevant payment options at the checkout. PayPal’s smart buttons feature also has built-in localization, whereby a shopper in the United Kingdom or Germany can be shown an option to pay with a local service.
The stock of Internet giant eBay (EBAY) has fallen 4.9% this month and 16.8% this year to close at $31.40. The stock has generated absolute returns of 28% in the last three years, 40% in the last five years, and 379% in the last ten years. Earlier this year, eBay disclosed its acquisition of Giosis, an online marketplace firm that primarily operates in Asia.
PayPal (PYPL) has recently introduced its business-focused app, known as PayPal for Business, in India. The move comes a year after PayPal launched domestic operations in India and a few months after Google (GOOGL) expanded its payment business in the country by adding a lending service to its India-focused Google Pay platform. PayPal for Business lets businesses accept payments in a variety of currencies, track sales, and more.
PayPal (PYPL) and Chevron (CVX) have teamed up to launch a new payment service, which is scheduled to launch early next year and will allow drivers to use their PayPal balances to pay for fuel and services, including car washes, at gas stations operated by Chevron. To be able to pay using PayPal balances at Chevron pumps, drivers must download and install a mobile app created by Chevron.
TORONTO, Oct. 11, 2018 /CNW/ - Despite 2018 bringing new challenges and uncertainties to the Canadian small and medium-sized business (SMB) community, eBay Canada's annual SMB Optimism Index report reveals that optimism among small retailers is on an upward climb, hitting 76 points – a consistent one-point-per-year increase since the Index launched two years ago. The report, which explores business growth trends, challenges and opportunities among Canadian retail SMBs, reveals that those who export are among the most optimistic, scoring 79 points on the Index. Nearly half (47%) of exporting retailers project their export sales will increase over the next five years (13% anticipating a significant increase), and they are far more likely than their non-exporting counterparts to believe that there are new market opportunities for their business, both international and domestic (79% vs. 49%, respectively).
Pakistan is one of the international markets in which PayPal (PYPL) is currently not available. There have been talks about PayPal launching in Pakistan for a few years now, but that hasn’t happened. PayPal has described Pakistan as market with great opportunity.
Shares of eBay (EBAY) rest near their 18-month low as we approach the e-commerce firm's third-quarter earnings release. But eBay's growth outlook appears pretty strong, so should investors consider buying eBay stock right now?
EBay (EBAY) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The top stories from last week include new video creation rules in the EU, Chinese hacking allegations, eBay's poaching claims and more.