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  • Politics
    Bloomberg

    YouTube Extends Trump Suspension Ahead of Biden’s Inauguration

    (Bloomberg) -- YouTube extended U.S. President Donald Trump’s temporary suspension for another week, citing the possibility he could incite violence during the transition of power to President-Elect Joe Biden.“In light of concerns about the ongoing potential for violence, the Donald J. Trump channel will be prevented from uploading new videos or livestreams for an additional minimum of seven days,” a spokesman wrote in an email. “As we shared previously, comments will continue to be indefinitely disabled under videos from the channel.” CNBC reported the extension earlier.Unlike other major U.S. social media platforms, YouTube, owned by Alphabet Inc.’s Google, has not banned the outgoing president’s channel. Instead, he won’t be able to post videos for a limited time after a “strike,” or violation of YouTube’s rules. Users with three strikes in a 90-day period are kicked off the service.Trump on Tuesday posted a farewell address on the official White House YouTube channel. In the remarks, he tried to bolster his economic legacy and denounced political violence.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • EBay Explores Strategic Alternatives for Marketplace in Korea
    Business
    Bloomberg

    EBay Explores Strategic Alternatives for Marketplace in Korea

    (Bloomberg) -- EBay Inc. is exploring a potential sale of its online marketplace in South Korea, the latest step in a reorganization that has already hived off several units from the main U.S. e-commerce business.The San Jose, California-based company said it has “initiated a process to explore, review, and evaluate a range of strategic alternatives for its Korea business. The company is considering options that would maximize value for its shareholders and create future growth opportunities for the business.”EBay enjoyed a boost during the pandemic as shoppers flocked online, but it continued to grow at a slower pace than rivals, including Amazon.com Inc. EBay has 183 million active buyers and about 11% of its annual revenue comes from South Korea.Chief Executive Officer Jamie Iannone, who took the helm in April, is still trying to show that a slimmed-down EBay can lure customers and get them to spend more on the site. Under pressure from activist investors, EBay last year sold its event-tickets marketplace StubHub to Viagogo for $4.05 billion and its classifieds business to Norway’s Adevinta ASA in a cash-and-stock deal worth $9.2 billion that left EBay with a 44.4% stake in the company.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.