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EBay will pay $59 million settlement over pill presses sold online as US undergoes overdose epidemic

EBay will pay $59 million settlement over pill presses sold online as US undergoes overdose epidemic

Thu, Feb 01, 2024

The machines can be used to manufacture counterfeit pills that look just like prescription pills but instead can be laced with substances like fentanyl, a synthetic opioid drug that is largely fueling the deadliest overdose crisis in U.S. history.

eBay layoffs 2023: E-commerce giant to cut 500 jobs

eBay layoffs 2023: E-commerce giant to cut 500 jobs

Wed, Feb 08, 2023

Video communication app Zoom is also laying off about 1,300 people, or 15 per cent of its workforce, its CEO Eric Yuan has announced.

eBay is back! E-commerce biggie to buy 5.5% stake in Paytm Mall; Vijay Shekhar Sharma reacts

eBay is back! E-commerce biggie to buy 5.5% stake in Paytm Mall; Vijay Shekhar Sharma reacts

Thu, Jul 18, 2019

Popular e-commerce giant, eBay is back and it has agreed to pick up a 5.5% stake in online marketplace Paytm Mall - the the alliance aims to compete in the extremely challenging online retail trade in India.

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Google Pay listed as payment option on eBay

Google Pay listed as payment option on eBay

Fri, Mar 22, 2019

US-based e-commerce platform eBay has added Google Pay as a payment option to its Android app to further increase customer choice in its new "managed payments" plan.

eBay India has a 'mafia' all its own? Check out these movers and shakers

eBay India has a 'mafia' all its own? Check out these movers and shakers

Mon, Aug 06, 2018

Despite its success in over 30 countries, eBay, whose India arm was bought out by Flipkart a year ago, has shut down its India operations. The company, though, has inspired a bunch of employees to start up - and a few of them have become prominent names in the Indian startup ecosystem.

Flipkart to shut eBay in India, launch new platform for refurbished goods

Flipkart to shut eBay in India, launch new platform for refurbished goods

Tue, Jul 24, 2018

E-commerce major Flipkart will shut down eBay.In next month and launch a new platform for refurbished goods as it attempts to tap into a large market segment that is predominantly unorganised.

eBay to sell Flipkart stake for about $1.1 bn; relaunch eBay India

eBay to sell Flipkart stake for about $1.1 bn; relaunch eBay India

Thu, May 10, 2018

In exchange of an equity stake in Flipkart, eBay had made a cash investment of USD 500 million and sold its eBay.In business to the Bengaluru-based e-commerce major.

Flipkart sale may be a snap deal for Walmart; here is how

Flipkart sale may be a snap deal for Walmart; here is how

Fri, Apr 13, 2018

A deal with Flipkart would step up Walmart’s battle with Amazon.com for a bigger share of India’s fledgeling e-commerce market, which Morgan Stanley estimates will be worth $200 billion in a decade. As per media reports, Amazon is exploring a possible counter offer for Flipkart.

Instagram drops its Apple Watch app

Instagram drops its Apple Watch app

Tue, Apr 03, 2018

According to 9to5mac, "there is no mention of the Apple Watch app being pulled in the release notes which only mentions the typical bug fixes and improvements, but updating to version 39.0 on iPhone removes Instagram for Apple Watch when paired". The report noted that the development was likely because of a new restriction that Apple was enforcing.

JioPhone available on Amazon, eBay, though at a cost

JioPhone available on Amazon, eBay, though at a cost

Tue, Jan 02, 2018

After being launched as the 'effectively zero' priced phone, the phone is being sold online

Now Flipkart goes global as Amazon extends reach to India

Now Flipkart goes global as Amazon extends reach to India

Mon, Aug 21, 2017

Flipkart has opened a 'global' store to take on Amazon.

Flipkart now valued at $11.6 billion after Softbank's $2.4 billion

Flipkart now valued at $11.6 billion after Softbank's $2.4 billion

Thu, Aug 10, 2017

SoftBank Vision Fund is now the largest shareholder in Flipkart after its latest round of funding.

eBay.in is now part of Flipkart

eBay.in is now part of Flipkart

Tue, Aug 01, 2017

Flipkart said, "Effective immediately, Flipkart will own and operate eBay.in, which will remain an independent entity as a part of Flipkart. Additionally, both companies are also partnering to leverage opportunities in cross-border trade."

Japan's SoftBank plans to increase stakes in India's e-commerce biz; looks to play consolidator in online shake-up

Japan's SoftBank plans to increase stakes in India's e-commerce biz; looks to play consolidator in online shake-up

Sun, May 07, 2017

Japan's SoftBank is seeking to secure a piece of India`s industry leaders in everything from payment systems to online shopping and groceries, in a series of deals that would shake up the $65 billion sector, cited the sources with direct knowledge of the matter.

EBay's second-quarter profit forecast falls short of estimates

EBay's second-quarter profit forecast falls short of estimates

Thu, Apr 20, 2017

EBay Inc on Wednesday forecast second-quarter profit that fell short of analysts` estimates, as it spends heavily on revamping and marketing its e-commerce platform amid stiff competition from much larger rival Amazon.com Inc .

To compete with Uber, Ola raises over Rs 1,600 crore in fresh funding from SoftBank

To compete with Uber, Ola raises over Rs 1,600 crore in fresh funding from SoftBank

Fri, Apr 14, 2017

Ola has raised about Rs 1,675 crore in a fresh funding round from Japan's SoftBank in order to compete with its rival taxi aggregator Uber in India.

Flipkart Vs Amazon: What's in cart for discount-seekers?

Flipkart Vs Amazon: What's in cart for discount-seekers?

Tue, Apr 11, 2017

The sale of eBay's India business to Flipkart means further consolidation in the e-commerce market and the growing dominance of the No 1 e-commerce company in India.

Flipkart to spend $1.4 billion investment after careful cost considerations, says Binny Bansal

Flipkart to spend $1.4 billion investment after careful cost considerations, says Binny Bansal

Tue, Apr 11, 2017

Flipkart on Monday raised $500 million from eBay as it invested in the company and sold its Indian unit to the Indian e-commerce company.

eBay invests $500 million in Flipkart; sells its India unit

eBay invests $500 million in Flipkart; sells its India unit

Mon, Apr 10, 2017

Global marketplace giant eBay has invested $500 million in Indian e-commerce giant Flipkart. Ebay has backed Flipkart with an investment of $500 million for it to battle Amazon in India, according to a Reuters report. In addition eBay will sell its business to Flipkart.

Samsung Galaxy S8, S8+ already being sold for Rs 90,000 on eBay India

Samsung Galaxy S8, S8+ already being sold for Rs 90,000 on eBay India

Thu, Mar 30, 2017

Samsung on Wednesday launched its flagship phones Samsung Galaxy S8 and S8 Plus. Although the company did not divulge when the phones will be available in India and and what price, sellers are already taking orders for the phone.

Flipkart raises $1 billion, tries hard to sustain its over-valuation

Flipkart raises $1 billion, tries hard to sustain its over-valuation

Tue, Mar 21, 2017

Recently, Morgan Stanley Institutional Fund Trust – a mutual fund arm of Morgan Stanley revised value of its each share in Flipkart at $50.51 per share as of December 2016, down 3.10% from $52.13 per share of September 2016.

Flipkart in discussions with Microsoft, Tencent Holdings, eBay, others to raise $1.5 billion funding

Flipkart in discussions with Microsoft, Tencent Holdings, eBay, others to raise $1.5 billion funding

Wed, Feb 22, 2017

Flipkart is in talks with Microsoft, Tencent Holdings, eBay and PayPal Holdings to raise $1.5 billion at a valuation of $10-12 billion.

Muslim Ban: Here's a list of 14 CEOs against Trump's immigration ban and their letters, Tweets

Muslim Ban: Here's a list of 14 CEOs against Trump's immigration ban and their letters, Tweets

Mon, Jan 30, 2017

The executive order signed by President Donald Trump on Friday banning immigrants from several countries and temporarily shunning green card holders coming from those places received mass ridicule from many chief executive officers (CEOs).

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