eBay is an online marketplace that connects a global network of buyers and sellers.
eBay Inc. is an American multinational e-commerce corporation based in San Jose, California that facilitates consumer-to-consumer and business-to-consumer sales through its website. eBay was founded by Pierre Omidyar in the autumn of 1995, and became a notable success story of the dot-com bubble. eBay is a multibillion-dollar business with operations in about 30 countries, as of 2011. The company manages the eBay website, an online auction and shopping website in which people and businesses buy and sell a wide variety of goods and services worldwide. The website is free to use for buyers, but sellers are charged fees for listing items after a limited number of free listings, and again when those items are sold.
In addition to eBay’s original auction-style sales, the website has evolved and expanded to include: instant “Buy It Now” shopping; shopping by Universal Product Code, ISBN, or other kind of SKU number (via Half.com, which was shut down in 2017); online classified advertisements (via Kijiji, or eBay Classifieds); online event ticket trading (via StubHub); and other services. eBay previously offered online money transfers as part of its services (via PayPal, which was a wholly owned subsidiary of eBay from 2002 to 2015).
Reports suggest that eBay is reducing the KnownOrigin team via multiple layoffs, and will fire more of its own core staff.
Microsoft was reported to be in the process of downsizing its gaming sector, affecting approximately 1,900 employees, which is 9% of its gaming division.
Adyen reported net revenue of €1.62 billion for 2023, up 22 percent YoY, fueled by continued growth in the customer base amid an expanding team of employees.