eBay said Tuesday that it plans to lay off 9% of the company's workforce, equating to 1,000 full-time employeesJamie Iannone, the president and CEO of eBay, detailed the layoffs on Tuesday in a letter to employees that was published on a corporate blog, adding that the ecommerce firm will also "scale back the number of contracts we have within our alternate workforce over the coming months."This is breaking news. Please check back for updates. ...

ymgerman Introduction When it comes to the market, I'm not necessarily bearish. However, I'm cautious because of two reasons. Stocks are trading at lofty valuations, especially after the market decided to price in six rate cuts for 2024 over the past three months. According to a recent Bloomberg article, a remarkable decade has unfolded for U.S. stocks, rewarding buy-and-hold investors while outperforming other asset classes, as we can see in the chart below. Since 2013, the S&P 500 has returned 11.9% per ...

eBay (NASDAQ:EBAY) stock closed down 1.5% Friday on news that the e-commerce market will have to pay a $3 million criminal penalty for harassment and intimidation on the part of several company executives. Indeed, the executives sent a bloody pig mask, live insects, and a funeral wreath to a Massachusetts couple as recompense for some unkind online coverage of eBay, according to the Department of Justice. “eBay engaged in absolutely horrific, criminal conduct. The company’s employees and contractors involve ...

Online retailer eBay has agreed to pay a $3m (£2.4m) fine to resolve criminal charges over employees who harassed a couple by sending live spiders, cockroaches to their home.David and Ina Steiner also had a funeral wreath, a bloody pig mask, and a book about surviving the loss of a spouse, show up at their door, while their home address was posted online with announcements inviting strangers to yard sales and parties. Mr and Mrs Steiner, who live in Massachusetts, produced an online newsletter called Ecomme ...

Online marketplace eBay has been ordered to cough up $3 million to resolve criminal charges related to a harassment campaign by employees who sent live spiders, cockroaches and other disturbing items to the home of a Massachusetts couple, according to court papers filed Thursday.The Justice Department charged eBay with four counts of corporate stalking — two through interstate travel and two through electronic communications services — as well as witness tampering and obstruction of justice, the federal ag ...

SAN JOSE, Calif., Jan. 11, 2024 /PRNewswire/ -- eBay Inc. (NASDAQ: EBAY) today stated that it has entered into a deferred prosecution agreement with the U.S. Attorney's Office for the District of Massachusetts with respect to actions taken in 2019 by former eBay employees against Ina and David Steiner. As set forth in the agreement, eBay takes responsibility for the misconduct of its former employees. "The company's conduct in 2019 was wrong and reprehensible," said Jamie Iannone, Chief Executive Officer at ...

The online retailer eBay will pay a $3m fine to resolve criminal charges over a harassment campaign waged by employees who sent live spiders, cockroaches and other disturbing items to the home of a Massachusetts couple, according to court papers filed on Thursday.The justice department charged eBay with stalking, witness tampering and obstruction of justice. The employees already were prosecuted in the extensive scheme to intimidate David and Ina Steiner more than three years ago. The couple produced an onl ...

Forget Picasso paintings and Mickey Mantle rookie cards. Could the hottest new collectible be a Valentine’s Day-themed cup sold exclusively at Target TGT, -1.78% ?The “Galentine’s Collection” pink and red cups, made by Stanley, are priced from $20 to $45 at Target, depending on the size. But they’re now going for as much as $200 on eBay EBAY, -0.33%. “Hard to find…Will ship with extra care,” said one eBay seller, who was asking $190 for a pair. The frenzy is such that shoppers have been standing in line out ...

Fool.com contributor Parkev Tatevosian discusses the characteristics that make this one of his favorite dividend stocks to buy for 2024. *Stock prices used were the afternoon prices of Dec. 24, 2023. The video was published on Dec. 26, 2023. ...

eBay Inc. (NASDAQ:EBAY) Q3 2023 Earnings Conference Call November 7, 2023 5:00 PM ET Company Participants Jamie Iannone - Chief Executive Officer Steve Priest - Chief Financial Officer John Egbert - Vice President of Investor Relations Conference Call Participants Colin Sebastian - Baird Ross Sandler - Barclays Nikhil Devnani - Bernstein Thomas Champion - Piper Sandler Lee Horowitz - Deutsche Bank Michael Morton - MoffettNathanson Eric Sheridan - Goldman Sachs Deepak Mathivanan - Wolfe Research Operator Lad ...