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eBay Inc

EBay to slash about 1,000 roles, or 9% of full-time employees

by Edgar Davis
EBay to slash about 1,000 roles, or 9% of full-time employees

eBay’s headquarters in San Jose, California, U.S. Bloomberg |  Getty Images EBay said Tuesday that it plans to lay off 9% of the company’s workforce, equal to about 1,000 full-time …

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Mark Zuckerberg indicates Meta is spending billions on Nvidia AI chips

by Edgar Davis
Mark Zuckerberg indicates Meta is spending billions on Nvidia AI chips

Meta founder and CEO Mark Zuckerberg speaks during the Meta Connect event at Meta headquarters in Menlo Park, California, on Sept. 27, 2023. Josh Edelson | AFP | Getty Images …

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Feds charge eBay over employees who sent live spiders and cockroaches to couple; company to pay $3M

by Walter Watson
Feds charge eBay over employees who sent live spiders and cockroaches to couple; company to pay M

eBay’s headquarters in San Jose, California, U.S. Bloomberg |  Getty Images Online retailer eBay Inc. will pay a $3 million fine to resolve criminal charges over a harassment campaign waged by employees …

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Amazon courts sellers at China summit as Temu and Shein gain momentum

by Walter Watson
Amazon courts sellers at China summit as Temu and Shein gain momentum

Packages move along a conveyor at an Amazon fulfillment center on Cyber Monday in Robbinsville, New Jersey, U.S., on Monday, Nov. 29, 2021. Michael Nagle | Bloomberg | Getty Images …

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Wall Street tries to push rally next week after strong November start

by Ron Morgan
Wall Street tries to push rally next week after strong November start

Stocks will try to maintain their upward momentum next week after a strong start to November, with Treasury yields falling from their highs and investors betting the Federal Reserve may …

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DOJ sues eBay for ‘rolling coal’ devices; fines could hit $2 billion

by Edgar Davis
DOJ sues eBay for ‘rolling coal’ devices; fines could hit  billion

F-450 coal rolling Courtesy: Salvatore Arnone | Wikipedia CC Ebay could be on the hook for as much as $2 billion in fines for allegedly allowing hundreds of thousands of …

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Fintech giant Wise allowed Russia sanctions target to withdraw money

by Ron Morgan
Fintech giant Wise allowed Russia sanctions target to withdraw money

Wise CEO and co-founder Kristo Kaarmann. Wise British financial technology giant Wise allowed an individual on the Russian sanctions list to withdraw money, a U.K. government body said Thursday.   …

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Walmart tries to grow third-party marketplace with Las Vegas event

by Anas Siddiqui
Walmart tries to grow third-party marketplace with Las Vegas event

Walmart is hosting its first seller summit businesses that are part of its third-party marketplace. The two-day event includes how-to sessions and remarks by the retailer’s top leaders. Melissa Repko …

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Lawmakers eye sale of recalled baby products on Facebook in safety push

by Vera Ward
Lawmakers eye sale of recalled baby products on Facebook in safety push

Jaap Arriens | Nurphoto | Getty Images WASHINGTON — House lawmakers cited the continuing sale of recalled baby products linked to infant deaths on Meta‘s Facebook in a round of …

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Nine states pass laws to crack down on theft

by Anas Siddiqui
Nine states pass laws to crack down on theft

This is the final part of a three-part series on organized retail crime. The stories examine the claims retailers make about how theft is impacting their business and the actions …

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