EBay has apparently taken a big loss on its recent sale of StumbleUpon. The company bought StumbleUpon less than two years ago in May 2007 for $75 million. But the sale price was only $29 million.
StumbleUpon wasn’t generating enough money to justify EBay’s k
EBay traffic is down, Amazon is up. That’s the quick take away from Nielsen’s results for March.
EBay had a 5.2 percent decline in unique visitors in March 2009 compared to the same month last year, and its page views were down 27 percent. Amazon, by contrast, showed a 17 percent increase in
EBay said it will buy South Korea's largest online marketplace, Gmarket.
EBay said it made a cash offer of $24 per share for Gmarket Inc. If all outstanding shares are tendered, the full purchase price would be about $1.2 billion. EBay said it already had agreements for about 67 percent of the shares. That includes a 10 percent stake now held by Yahoo: In a separate announcement, Yahoo s
EBay plans Skype IPO for 2010
It was a head-scratcher when EBay bought Internet phone service Skype for $2.6 billion. Five years later, the marketplace company has concluded that Skype never quite meshed with EBay's other businesses, so it's planning to float it in 2010.
It's too early for EBay to say how much it hopes to raise in an initial public offering. The target price and t
After the move in Denmark two months ago with the acquisitions of the two classified sites Dba.dk and Bilbasen.dk, EBay is now targeting Norway. The company recently la
We used to talk about “Craig and Meg” --- Newmark, founder of Craigslist, and Whitman, former CEO of EBay --- as major players in the classified advertising field. Obviously, with EBay's launch of Kijiji (and its subsequent growth), the lawsuits and countersuits between Craigslist and EBay, etc., they’re certainly “frienemies” now. But more enemies t
J.P. Morgan analyst Imran Kahn has been busy lately. On Sunday, we reported that he cut the Wall Street firm’s outlook for online ad spending. Now he’s added his prediction how consumers will be spending this holiday season. The not surprising answer: dow
Three online classified advertising sites made it into ComScore Media Metrix’s Top 50 U.S. Web properties. The report for October 2008 put Craigslist at No. 18 with 36 million unique visitors a month, and Monster and CareerBuilder nearly tied for positions 38 and 39 with about 23 million each. SuperPages.com also cracked the top 50 at No. 26.
Other notable Web sites we track: G
The German subsidiary of EBay announced in Berlin today that Frerk-Malte Feller, currently head of the auctions division, will take over as CEO of EBay in Germany from current CEO Stefan Gross-Selbeck, who resigned to take up the position of CEO of business network Xing.com on January 15 next year. Before taking up the position of head of auctions on March 1 this year, Feller was head of the Ge
Stefan Gross-Selbeck, CEO of EBay in Germany for the past four years, will take over from Lars Hinrichs, the founder and current CEO of business network Xing, on 15 January next year, the company announced today