In the second quarter ended June 30, eBay continued reviewing its operations portfolio even as it beat a Wall Street earnings estimate.
With activist investor action looming, eBay has responded to a letter from Elliott International, a fund with an interest in the company, suggesting changes in operations and spinoffs of StubHub and the eBay classifieds group.
According to eMarketer, Walmart will overtake Apple to become the third largest e-commerce retailer in the U.S. by the end of the year, with online sales growth outpacing even Amazon.com gains.
In its own take on the holiday, eBay is launching Better than Black Friday deals, giving shoppers early access to discounts by matching or beating competitor Black Friday circular deals ahead of the Thanksgiving weekend.
In a look at the marketplace through the year, eBay has unveiled its 2018 Shopping Report, taking an in-depth look at critical launches, anniversaries and collaborations that arose over the year.
Prime Day has become an event, according to market research firm A.T. Kearney, with 63% of Amazon.com customers planning their participation in the promotion four days before its launch, but that doesn’t mean the e-tailer is the only company that benefited from the occasion.