The board finally gives into the demands by activist investor Carl Icahn.
Ebay will cut around 2,400 jobs this quarter in a bid to improve business efficiencies.
EBay spokeswoman Amanda Miller told Reuters those passwords were encrypted and that the company had no reason to believe the hackers had broken the code that scrambled them.
US major lost its first mover advantage, now wants to secure its investments in the country.
eBay and PayPal will be sharper and stronger, and more focused and competitive as leading, standalone companies in their respective markets.
In a top-order rejig at eBay Inc, Meg Whitman has resigned as its CEO, and would be replaced by John Donahoe while the world's largest Internet auction firm has brought in India-origin former finance head Rajiv Dutta to the board. In a late night announcement on Wednesday, eBay said that Whitman would step down as its president and CEO on March 31, currently head of its core auction business.
While many Americans view growing Chinese and Indian economies as a threat to their jobs, major US firms have reported a sharp rise in earnings, mainly due to their foreign operations.
eBay Inc said on Monday that it will acquire Internet communications company Skype Technologies SA for about $2.6 billion in up-front cash and eBay stock.
America's largest online auction firm eBay Inc has entered into an agreement to acquire majority stake in South Korea's Gmarket for up to $1.2 billion, a move which will help in expanding its Asian operations.
E-commerce platform Snapdeal is looking at filing its Draft Red Herring Prospectus (DRHP) in the next few weeks to launch an initial public offering in first half of next year, according to sources. Sources close to the development said the company is looking at a $250 million (around Rs 1,870 crore) IPO that could value Snapdeal at about $1.5-1.7 billion. Snapdeal is looking at filing the DRHP in December-January time frame, and launch the IPO in the first half of 2022 after the necessary approvals, they added. One of the sources said the founders will not be selling shares as part of the IPO, and major shareholders are also expected to hold onto their shares.
San Jose-based eBay Inc. said it is 'outraged' at the arrest of Avnish Bajaj, the chief executive officer of the company's Baazee.com subsidiary in India.
Ebay India MD Latif Nathani says that Indian ecommerce has a long way to go before catching up with the Chinese market.
Indian companies are gearing up to Valentine's Day with offers and gifts for the customers.
E-commerce platform Snapdeal has filed preliminary documents with markets regulator Sebi to raise funds through an initial public offer (IPO), joining the league of internet-led businesses looking to list on domestic stock exchanges. The public issue comprises fresh issuance of equity shares worth Rs 1,250 crore and an offer for sale (OFS) of 3.07 crore equity shares, according to the draft red herring prospectus (DRHP). According to market sources, potential listing could value Snapdeal at about $1.5-1.7 billion.
Yahoo Inc has named Scott Thompson, who runs eBay's online payment unit PayPal, as its new CEO.
Key events that rocked India Inc in 2014 and one of them is Vishal Sikka taking over reins at Infosys.
Online search-engine leader Google Inc. is preparing to introduce an electronic payment system later this year in a move that would pose a financial threat to one of its biggest advertisers, Internet auctioneer eBay Inc.\n\n
Indian online retailers have been raising funds to expand and compete with bigger rival Amazon.com Inc as more Indians shop on the Internet.
Google Inc. founder-director Kavitark Ram Shriram and Bose Corporation Chairman Amar Gopal Bose have both moved up the rankings in the list of Forbes' 400 Richest Americans.
New government should consider reforming taxation rules.
India could allow global online retailers such as Amazon.com Inc to sell their own products as early as next month, removing restrictions that could boost competition in one of the world's biggest, and most price-sensitive, retail markets.
As many as 44 shareholders of Flipkart sold their holdings to Walmart. The income tax law requires the buyer to withhold tax while making payment to the sellers, in case they are not exempted from levy of capital gains tax.
Snapdeal to acquire GoJavas for Rs 200 cr, say sources.
Snapdeal, which has raised about $400 million since its inception, has invested about $100 million in logistics and operations to expand its presence in the $3 billion Indian eCommerce market.
It see modest improvements such as a fingerprint sensor.
Sachin Bansal, who had co-founded Flipkart with Binny Bansal in 2007, would exit the company
Software developers who tried on an Apple Watch for the first time on Friday predicted a rush of new apps over the next few months.
Alibaba in talks to invest up to $700 million in Snapdeal
Snapdeal has been on the deal street for raising fresh funds in order to muscle up for the growing competition in e-commerce.
RupeePower aims to become the No 1 originator of financial products.
These workers have been asked to undergo a 30-day performance improvement plan.
Many app makers have stopped work on their projects or abandoned them, mostly because of the lack of customers or limitations of the device.
Customers may have to wait three to four weeks to get their hands on Apple Inc's iPhone 6 Plus, after a record number of orders for the company's latest smartphones strained available supply.
The big story is that IntraSoft is a remarkable proxy of the American e-commerce market.
An Indian American Silicon Valley entrepreneur has launched a unique initiative designed to get techies to volunteer their time to develop software and applications that will benefit people in India and other developing countries.
Vikramank Singh looks back at the year gone by!
The youngest winners of the thriving tech economy, many of whom came of age during the last financial crisis, aren't often interested in the ideas that attracted clients in the past.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances