eBay News
27 articles
3 Profitable Stocks We Steer Clear Of
The article discusses the challenges faced by three profitable companies: Wix, eBay, and Coty. Wix, known for its AI-driven website creation platform, is struggling with subpar billing growth and high servicing costs, leading to a relatively low gross margin. eBay faces stagnation in active buyers and increased expenses, while Coty is underperforming in its core business with flat sales forecasts. The article suggests that despite their profitability, these companies may not be the best investment opportunities due to their current challenges.
Customers
3 Profitable Stocks We Think Twice About
The article discusses the challenges faced by Wix, a cloud-based platform that enables users to create and manage websites without coding skills. Despite having over 263 million registered users and leveraging AI-driven tools, Wixs average billings growth of 14% over the last year is considered subpar. The company faces high infrastructure costs and weaker unit economics, reflected in a low gross margin of 68.4%. While operating profits have increased due to better cost management, the article suggests caution for potential investors, highlighting the need for Wix to stimulate demand and improve its financial metrics.
Customers
'Most Wealthy Entrepreneurs Are Terrible Investors,' Says Kevin O'Leary. 'They Take Wild Risks, Chasing Gains Like Gamblers'
Kevin O’Leary, known for his role on Shark Tank, advises wealth managers to focus on preserving the wealth of their clients rather than chasing high-risk investments. He criticizes wealthy entrepreneurs for their risky investment behaviors and emphasizes the importance of a stable, less volatile portfolio. O’Leary shares his philosophy of keeping investments boring to ensure long-term wealth preservation. He highlights the pitfalls of emotional investments and stresses the importance of protecting capital, especially for those with significant wealth. The article also mentions Deloittes fastest-growing software company, which offers investment opportunities at a low share price.
eBay is shutting down its operations in Israel; over 200 employees will be laid off.
איביי מעסיקה בארץ כ-200 עובדים שצפויים להיות מפוטרים לקראת סוף השנה ■ המהלך מגיע לאחר תקופה ממושכת של התכווצות בפעילות המקומית
eBay has announced the closure of its development center in Netanya, Israel, by early next year, resulting in the layoff of approximately 200 employees. This decision follows a period of contraction in eBays local operations, which began with a global workforce reduction of 4% in February 2023. The Netanya center, which focuses on data processing technologies, analytics, and research, has seen multiple rounds of layoffs over the past year. eBays decision to close the center aligns with its strategic long-term goals and aims to optimize support for customers and employees. The closure is part of a broader trend of global workforce reductions by eBay.
Layoffs
After years of downsizing, eBay has decided to end its Israeli operations by Q1 2026.
eBay is set to close its operations in Israel by the first quarter of 2026, resulting in the layoff of over 200 employees. This decision follows several previous rounds of layoffs and the winding down of major development activities. The closure includes the research and development center in Netanya, which was established after eBays acquisition of Shopping.com in 2005 for $620 million. eBay has stated that the decision is part of a global strategy to optimize its operational footprint. The company remains committed to supporting its employees during this transition.
Layoffs
Nearly 200 employees at the e-commerce giant's offices in Netanya will lose their jobs.
eBay is closing its R&D center in Netanya, Israel, resulting in nearly 200 employees losing their jobs. This decision comes after several waves of layoffs in Israel, affecting marketing and sales activities. Despite experiencing growth in its share price and user numbers, eBay is still far from its past profitability levels. The company faces stiff competition from Amazon, Walmart, and Chinese companies like Temu and Shein. eBays decision to close the Israeli office is part of a broader strategy to optimize operations and align with long-term strategic goals. The closure is scheduled for the first quarter of 2026.
Layoffs
EBay (EBAY) Q1 Earnings and Revenues Beat Estimates
eBay reported quarterly earnings of $1.38 per share, surpassing the Zacks Consensus Estimate of $1.34 per share, marking a 2.99% earnings surprise. This is an improvement from the previous years earnings of $1.25 per share. The company also reported revenues of $2.59 billion, exceeding the consensus estimate by 1.49%. Over the past four quarters, eBay has consistently surpassed earnings and revenue estimates. The companys stock has risen by 8.5% since the start of the year, outperforming the S&P 500. Despite the positive earnings report, the stock holds a Zacks Rank #3 (Hold), indicating expected performance in line with the market. Future stock movements will depend on managements commentary and earnings outlook.
The shopping giant will lay off a few dozen employees in Israel, with the exact number to be finalized after the hearings.
eBay is set to lay off a few dozen employees in Israel, marking its fourth round of layoffs in the country. This round is expected to be the smallest, affecting around 20 employees out of its 250-person workforce. The layoffs are part of a global restructuring effort by the company. eBays R&D center in Netanya, which began operations in 2005 after acquiring Shopping.com for $620 million, will be impacted. The company has previously conducted layoffs in Israel in February 2023, December 2023, and June 2024.
Layoffs
eBay to lay off dozens of employees in Israel amid global restructuring | CTech
eBay is planning to lay off dozens of its employees in Israel, particularly from the buyer experience department. This marks the third round of layoffs for the company in Israel and the fourth worldwide. The changes are part of eBays global business strategy aimed at providing a more efficient and tailored response to its customers. eBays research and development center in Netanya, which started its operations in 2005, continues to be an integral part of eBays product strategy.
Layoffs
בפעם השנייה תוך פחות משנה: eBay תפטר עשרות עובדים בישראל | כלכליסט
eBay, the giant online trading company, is set to lay off dozens of its employees in Israel as part of a global restructuring effort. This is not related to the situation in Israel, but is part of a global reorganization. The company, which employs about 250 people in Israel, is expected to lay off between 20-30 of its employees. This is the second wave of layoffs the company has undergone globally, the first wave was in February, when about 500 employees were laid off worldwide and several dozen in Israel.
Layoffs
eBay cutting almost 10% of Israeli workforce in second round of layoffs this year | CTech
eBay is laying off approximately 20-25 of its 250 employees in Israel, marking the second round of layoffs at eBay Israel this year. The layoffs are part of a global reorganization and are not connected to the current war in Israel. Earlier in February, eBay announced that it would be laying off 500 employees globally, representing 4% of its total workforce. The cutbacks included dozens of employees at eBay’s R&D center in Israel, which was established in 2005 following the acquisition of shopping.com.
Layoffs
Home Depot Tracked a Crime Ring and Found an Unusual Suspect
eBay laying off dozens of employees in Israel as part of global cutbacks | CTech
E-commerce giant eBay has announced that it will lay off 500 employees globally, representing 4% of its total workforce. The layoffs will include employees at eBays R&D center in Israel. The company stated that the shift will allow them to invest in new technologies, customer innovations, and key markets. This move comes as several other companies, including Goldman Sachs, Alphabet, Zoom, Google, Microsoft, and Salesforce, have also announced layoffs in response to a demand downturn caused by high inflation and rising interest rates.
Layoffs
eBay Israel appoints Amir Di-Nur as new General Manager
eBay Israel has appointed Amir Di-Nur as its new General Manager. Di-Nur joined eBay in 2020 and has held senior management positions at startup companies. The appointment is seen as a positive move for the companys growth. Di-Nur expressed excitement for the opportunity and highlighted eBays confidence in Israeli talent and the extensive growth experienced in the last 18 months. He emphasized the need for e-commerce companies to develop their services and offerings to stay relevant in the rapidly growing field.
Management Changes
1,000 people solve a tech riddle for a chance to work for eBay in Israel
eBays R&D center in Israel posted a technological riddle on their website to recruit developers for 20 open positions. Within a day, 1,000 candidates submitted their solutions and applied for the job. The company has been recruiting new employees since March and has hired over 70 people. In addition to the riddle, a virtual job fair is being organized by the Israeli Hi-Tech Association and the Israeli Innovation Authority, where 500 positions at 21 tech companies will be listed. The fair aims to strengthen the Israeli tech industry during the financial crisis. eBay has also joined the Israeli Employment Service to create a vocational training program for employees to develop new careers while working in a factory.
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eBay Appoints Ishai Froind to Lead Israel Operation
Ishai Froind, eBays senior director of product management and data operations, has been appointed as the general manager of eBay Israel. Froind will succeed Moti Eliav, who served in the role since 2018. This management change is expected to have a positive impact on the growth of the company.
Management Changes
eBay's Chief Scientist in Israel Kira Radinsky Steps Down
Kira Radinsky, eBays chief scientist in Israel and director of data science, has left the company to join Tel Aviv-based medtech startup Diagnostic Robotics as its chief technology officer and chairwoman. The impact on eBay is classified as growth-negative due to the loss of a key executive. The key theme of the article is the career move of Kira Radinsky. The structured issue discussed in the article is management changes. The article does not mention any specific partners, customers, valuation amount, acquisition amount, investment amount, layoffs, or date of the event. Confidence level: 8
Management Changes
EBay Israel Laying Off Dozens of Employees
eBay Israel is laying off dozens of employees as part of a global reorganization strategy. The company had previously announced its intention to hire 100 new employees. The layoffs will mostly impact content-related jobs and not developers. eBay Israels general manager Yuval Matalon stepped down in April and was replaced by Moti Eliav. eBay conducts constant evaluations for its business ventures and investments.
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EBay Executive Appointed General Manager of LivePerson Israel
LivePerson Inc. has appointed Yuval Matalon as the general manager of its Israel branch. Matalon was previously the general manager of eBay Israel. LivePerson develops a cloud-based system for customer engagement.
Management Changes
eBay Israel General Manager Yuval Matalon to Step Down
Yuval Matalon, the general manager of eBay Israel, is stepping down after seven years on the job. He will be replaced by eBay Israels director of product development Moti Eliav. The impact on the company is growth-negative due to the management change. The key theme of the article is the management change at eBay Israel. The structured issue is management changes. The article does not mention any specific partners, customers, valuation amount, acquisition amount, investment amount, layoffs, or date of the event.
Management Changes
eBay Unveils Personalized Fashion Design AI
eBay has developed a new AI algorithm that can automatically design custom-tailored apparel for its shoppers. The algorithm uses deep learning to study clothes sold on eBay and creates images of new ones, as well as identifies trends based on user purchases. Buyers can choose an image and eBay will connect them with potential retailers who can create custom-made items. eBay is also considering creating and marketing clothing collections based on the algorithms output. The company is testing both approaches and plans to launch a controlled pilot in Israel. The algorithm is one of several developments by eBays Israeli research and development center, including predicting delivery times, predicting successful tech products, and generating automatic product descriptions.
Customers
eBay acquires Israeli visual search co Corrigon
eBay has announced its acquisition of Israeli visual search technologies developer Corrigon. The financial details of the deal were not disclosed, but sources say eBay paid $30 million for the Tel Aviv-based startup. Corrigon specializes in identifying objects within images and matching them to corresponding products. eBay plans to use Corrigons technology to enhance its image recognition, classification, and image enhancement capabilities. This acquisition is eBays third in the structured data space this year and will contribute to its efforts in providing deeper inventory insights for sellers and improved user experiences for buyers. Corrigons employees will join eBays structured data organization and be based in eBays Israeli Development Center in Netanya.
Acquisition
eBay acquires predictive analytics startup SalesPredict to boost its machine learning
eBay is acquiring predictive analytics startup SalesPredict to improve its AI, machine learning, and data science efforts. The financial terms of the deal were not disclosed, but some SalesPredict employees will be joining eBays team. SalesPredict specializes in helping businesses grow revenue through analytics that identify potential prospects. The acquisition aligns with eBays goal of becoming more sophisticated in understanding customer behavior and improving conversion rates. SalesPredict had previously raised $5.1 million in venture funding from investors including Yandex, RSL Venture Partners, KGC Capital, and Pitango Venture Capital.
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More than just 'stuff,' eBay peddles a revolution, company says
eBay celebrates its 20th anniversary and highlights its impact on the economy in Israel and worldwide. The company has helped people earn income and has had a significant influence on buying habits. eBay has a strong retail presence in Israel, with direct purchases from independent sellers constituting 80% of purchases on the site. The company also operates a large R&D facility in Israel. Online sales are booming in Israel, with 62% of small-sized businesses selling online. eBay takes pride in the success of Israels online retailers, with 48% of them starting their sales career on eBay. The biggest buying categories in Israel are cellular phones, high-end kitchen equipment, and athletic shoes. eBay is proud to be at the center of the retail revolution brought about by online buying.
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http://www.jpost.com/Business-and-Innovation/Tech/Tech-Talk-eBay-Israel-expands-presence-411835
eBay is expanding its operations in Israel and plans to recruit 50 employees. The company is looking for individuals with relevant experience in the field, technological backgrounds, and foreign language skills. The expansion will focus on big data, data mining, and structured data to improve customer experience. eBay currently has 230 employees in Israel and operates in two main units. The development center specializes in structured data for the international eBay site, while the business unit promotes Israeli businesses and builds up Israeli consumers. The CEO of eBay Israel, Yuval Matalon, stated that the expansion in Israel demonstrates eBays recognition of the countrys capable minds.
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Office Tour: Inside eBay Labs' Creative Israeli Offices
eBay launched a new office in Israel called eBay Labs, which serves as a space for startups focusing on big data. The office features wall decal illustrations created by artist Miki Mottes, emphasizing creativity and fun in launching successful startups. The illustrations were printed on vinyl stickers and applied to the walls. The new office provides inspiration boards and automatic product lists for organizing and saving favorite content. The article showcases 17 images of the office design.
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