Finance – Archives
Interpark in discussions to sell Shares in Gmarket to eBay
Wednesday, August 13th, 2008
It’s obviously early in the discussions but it appears that Interpark and Interpark’s Chairman, Ki Hyung Lee, are discussing the possibility of selling their shares in Gmarket to eBay. No one is confirming anything beyond the fact that a preliminary filing has been made with the Korean Fair Trade Commission.
Tiffany Appeals Court Decision
Monday, August 11th, 2008
Today, Tiffany & Co. announced that it is appealing the July 14, 2008 decision by a U.S. District Court Judge for the Southern District of New York that ruled eBay acted reasonably and responsibly to identify and expose the sale of counterfeit goods on the site.
Tiffany announced its intention to appeal the court’s ruling [...]
Online Sellers Officially on IRS Radar
Wednesday, August 6th, 2008
I saw a WSJ article last week breaking down how the new housing reform bill would include a provision that would require PayPal and other processors of online payments to report annual gross receipts to the IRS.
Ken Swab, senior federal government relations officer at PayPal, has since written about it on the PayPal blog.
Happy Birthday PayPal!
Monday, August 4th, 2008
PayPal is celebrating its 10-year anniversary this year and has created a website dedicated to the milestone at www.paypal-10.com. PayPal president, Scott Thompson, talks more about the anniversary over on the PayPal Blog
With a 10-year proven legacy, outlasting now-defunct online payment services such as C2IT, bitpass (even eBay’s own Billpoint) it’s going to be [...]
SEC Boards the Blogging Bandwagon
Thursday, July 31st, 2008
The Securities and Exchange Commission (SEC) voted unanimously yesterday to provide new guidance to public companies about how to comply with the securities laws via websites and blogs.
“The last time the SEC issued guidance in this area, the idea of ’social networks’ hadn’t yet been developed, and creating a social network where shareholders could [...]
UPDATED: eBay Inc Reports Second Quarter 2008 Results
Wednesday, July 16th, 2008
eBay reported second quarter 2008 earnings results a few minutes ago. The company posted second quarter revenue of $2.20 billion, up $361 million from the same period last year. Net income on a GAAP basis was $460 million, or $0.35 per diluted share, and non-GAAP net income was $568 million, or $0.43 per diluted share. [...]
UPDATED: eBay Wins Tiffany Court Case
Monday, July 14th, 2008
It appears that the court has rejected Tiffany’s lawsuit against eBay. Tiffany had argued in the lawsuit that eBay should be held liable for trademark infringement on the basis that significant volumes of silver jewelry merchandise that Tiffany contends are counterfeit have been made available for sale on eBay’s website. As a matter [...]
Stranded
Wednesday, July 9th, 2008
The Points of Light eStore has been closed due to irregularities discovered in the fulfillment of travel packages. As a result, fulfillment of travel originating after July 15, 2008 was suspended. The store was run by an independent contractor.
In discussions with internal sources, I learned that the management of Points of Light Institute, a nonprofit [...]
No Phishing Allowed
Tuesday, July 8th, 2008
eBay, PayPal and Google have partnered together to ensure that Google’s Gmail (https://mail.google.com) service will automatically detect PayPal and eBay phishing e-mails and prevent them from reaching your Gmail inbox.
“We’re very excited that Google has taken this step and is working with us to help protect your online safety,” said Michael Barrett, the chief information [...]
eBay, ChoDienTu Team Up in Vietnam
Wednesday, June 25th, 2008
I missed this one while I was out of the office last week…eBay partnered with ChoDienTu.vn , a Vietnamese online marketplace.
As I understand it, ChoDienTu.vn will evolve into an eBay co-branded site where individuals and businesses in Vietnam can participate in local trade as well as international trade via eBay’s global websites. The new joint [...]
