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eBay To Buy GSI Commerce For $2.4 Billion

GSI Commerce, a public company that deals in ecommerce and interactive marketing services, should soon be the property of eBay.  eBay announced this morning that it intends to acquire GSI for a whopping $2.4 billion. GSI has built up an …

Will eBay Buying Habits Predict March Madness Winner?

While the NCAA Men’s Basketball Tournament has hit its second week — Sweet 16, ya’ll — also known as the time the casual fan checks out and mainly the purists are left paying attention, that hasn’t stopped some entities from …

eBay Makes Listings Free For Up To 50 Items
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eBay said today, for the first time, it is making it free to list up to 50 items per month in auctions at any start price, and free to add the “Buy it Now” option to those listings. Starting on …

eBay, Telefonica Agree To Major App Deal

Mobile purchases – which were already becoming much more common – may soon really increase in frequency in the UK.  eBay and Telefonica have struck a two-year deal that will see eBay apps and/or links preloaded on most of the phones O2 sells in the region.

This move’s rather significant.  For starters, eBay’s already one of the first sites many people visit when shopping for something online, and with 22 million customers, O2 is the second-largest mobile telecommunications provider in the UK.

eBay Expects $13 Billion in Revenues in 2013

eBay said it expects double-digit annual revenue and earnings growth over the next three years. The company outlined its growth plans in a meeting yesterday. eBay expects revenues to reach at least $13 billion in 2013 (compared to $9 billion in 2010). 

PayPal Digital Goods Payment Product Released
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Today at eBay’s 2001 Analyst Day, PayPal announced the general availability of its digital goods solution, aptly called PayPal for Digital Goods. 

The product is designed for online publishers. "The solution makes paying for content online convenient and secure for consumers, a long-time challenge for all sorts of digital content providers," a PayPal representative tells WebProNews.

Goodwill Launches Job Training Campaign On eBay

The Goodwill said today it is launching a fundraising campaign on eBay to help people find and keep jobs.

In partnership with eBay Giving Works, eBay’s charity fundraising program, from February 7 to 13, Goodwill will be a featured nonprofit on eBay, offering people the opportunity to buy, sell or donate to support Goodwill’s job training programs. Dress for Success and the National Federation of the Blind will also be featured in February as part of the same campaign.

 

eBay Attracts Employees From Bing, Facebook

eBay lost an important employee last week (the VP of product development at PayPal jumped to Google) but things are now looking up on the personnel front.  The company’s managed to poach one staff member each from Bing and Facebook, and both men have rather impressive resumes.

eBay Buyers And Sellers Donated More Than $50 Million To Nonprofits In 2010

eBay is touting that its buyers and sellers donated a record $54.8 million to U.S. and U.K. Nonprofit organizations in 2010.

 A donation was made every 24 seconds via eBay Giving Works, the company’s nonprofit fundraising program in the U.S., raising more than $91 a minute for nonprofits. Overall, donations were up 7 percent last year, compared to 2009, and nearly 9 million items were listed for sale, with all or a portion of the sale price donated to a nonprofit, more than double the items listed in 2009.

eBay Aims To Improve Display Advertising
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eBay said today it has hired Triad Retail Media to sell and manage all on-site display advertising on its network of websites.

Under the deal, Triad will provide display advertising management to offer more customized ads that will better highlight listings and improve the experience for buyers and sellers on the site.

eBay-Triad Key features of the agreement include:

eBay Delivers Impressive Q4 Earnings Report

The fourth quarter of 2010 – which of course coincided with the all-important holiday shopping season – was a pretty good period for eBay.  The company reported its financial results this afternoon, and managed to come in above analysts’ forecasts.

eBay Pays $200 Million to Acquire Brands4friends [Update]
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Update: eBay just announced that it has completed the acquisition. 

BGC Gives eBay “Buy” Rating

BGC Partners, a firm with roots dating back to 1945, has new confidence in eBay.  Today, BGC upgraded its outlook on eBay’s stock from hold to buy, and raised its price target by 25 percent, as well.

The new price target is $35, up from $28.  That’s not a huge vote of confidence, considering that eBay’s stock is currently trading at $27.77, but at least shows BGC doesn’t think eBay is stagnant.

Is Augmented Reality the Future of E-Commerce?
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eBay has launched a new version of its eBay Fashion iPhone app. This one lets users virtually try on sunglasses by using their phone’s front-facing camera to capture an image of themselves and fit the sunglasses to their faces. 

eBay Mobile Holiday Sales Up 166 Percent
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Earlier this month, eBay released two separate statements saying that mobile sales rose over a very short period.  Now, the company’s opened up a third time on the subject, and it turns out mobile sales for the complete holiday shopping season (defined by eBay as November 25th through December 25th) grew by an impressive 166 percent.

That 166 percent was measured on a worldwide basis year-over-year, and helped eBay record $230 million in gross merchandise volume.  The company may be able to report a pretty profitable fourth quarter as a result.

Paul Allen Refiles Lawsuit Against Top Tech Companies
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Whatever his faults, Microsoft cofounder Paul Allen is at least persistent and ambitious.  Allen proved this yesterday by refiling a patent infringement lawsuit against AOL, Apple, eBay, Facebook, Google, Netflix, Office Depot, OfficeMax, Staples, Yahoo, and YouTube.

eBay Releases 2010 “Top Shopped” Report
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In the past month or so, Google, Yahoo, and Bing all released year-end lists detailing what’s been on their users’ minds.  Now it’s at last eBay’s turn, as the company best known for its auction site has published what it calls the "Top Shopped" report.

Before we paste in the main list, here’s a quick (and perhaps unnecessary) word of explanation: no one’s claiming a soccer event, a football team, or an athlete was sold thousands of times.  Instead, eBay just found that products related to them changed hands quite often.

eBay Acquires Critical Path, Which Has Worked on eBay’s iPhone Apps

eBay announced that it has acquired Critical Path Software, a mobile app developer, which it has been working with for over two years. The company has worked with eBay on creating iPhone apps for eBay, StubHub, eBay Classifieds, and Shopping.com. 

eBay’s Richard Brewer-Hay on the eBay Ink Blog shared the following interview with Steve Romero, Critical Path president and founder, and Steve Yankovich, VP of eBay Mobile:

 

eBay Enjoys “Busiest Mobile Shopping Day Ever”

It apparently took eBay a little while to tally the numbers and write up the press release, but Sunday was a great day for the company.  eBay saw mobile shoppers flock to the site, establishing December 12th as the busiest mobile shopping day ever.

An official statement from the company declared, "In the U.S. mobile gross merchandise volume (GMV) grew 127 percent over the same Sunday last year, generating nearly $5 million in GMV; worldwide, mobile GMV grew 165 percent generating $13 million in GMV."

eBay Adds Milo Shopping Results To RedLaser App

eBay has added local shopping results from Milo, its most recent acquisition, to its RedLaser barcode-scanning application, now available on the iPhone and Android.

With the integration of Milo, shoppers on RedLaser can find out, through a single scan, which local retailers have an item in-stock along with the best price. Shoppers can scan products from 50,000 U.S. stores.

eBay Finds Small Businesses Optimistic About Holiday Sales
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eBay has released the results of its first U.S. Online Business Index (OBI), a new report that focuses on small business owners views across a variety of topics.

More than half (60%) of eBay small business owners surveyed said they are considerably optimistic about the future of their online businesses during the 2010 holiday season.