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eBay Inc (EBAY.OQ)

EBAY.OQ on NASDAQ Stock Exchange Global Select Market

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22 Aug 2019
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Latest Key Developments (Source: Significant Developments)

Soros Fund Management Takes Stake in Symantec and eBay, Dissolves in Marvell Technology
Wednesday, 14 Aug 2019 

Aug 14 (Reuters) - Soros Fund Management::SOROS FUND MANAGEMENT TAKES SHARE STAKE OF 1.1 MILLION SHARES IN EBAY INC - SEC FILING.SOROS FUND MANAGEMENT DISSOLVES SHARE STAKE IN MARVELL TECHNOLOGY.SOROS FUND MANAGEMENT TAKES SHARE STAKE OF 1.9 MILLION SHARES IN SYMANTEC CORP.SOROS FUND MANAGEMENT LLC UPS SHARE STAKE IN DENBURY RESOURCES INC TO 6.5 MILLION SHARES FROM 2.5 MILLION SHARES.SOROS FUND MANAGEMENT LLC UPS SHARE STAKE IN ALTABA INC BY 4.7% TO 2.5 MILLION SHARES.SOROS FUND MANAGEMENT LLC - CHANGE IN HOLDINGS ARE AS OF JUNE 30, 2019 AND COMPARED WITH THE PREVIOUS QUARTER ENDED AS OF MARCH 31, 2019.  Full Article

UK's CMA Urges Facebook, EBay To Act To Stop Sale Of Fake Reviews Through Their Sites
Friday, 21 Jun 2019 

June 21 (Reuters) - UK's CMA::EXPECTS FACEBOOK AND EBAY TO TACKLE SALE OF FAKE REVIEWS.SAYS HAS URGED FACEBOOK AND EBAY TO ACT TO STOP THE SALE OF FAKE REVIEWS THROUGH THEIR SITES.SAYS HAS FOUND TROUBLING EVIDENCE THAT THERE IS A THRIVING MARKETPLACE FOR FAKE AND MISLEADING ONLINE REVIEWS..AFTER WEB SWEEPS PERFORMED IN NOVEMBER 2018 TO JUNE 2019, THE CMA WAS CONCERNED ABOUT OVER 100 EBAY LISTINGS OFFERING FAKE REVIEWS FOR SALE.FACEBOOK, EBAY HAVE INDICATED THAT THEY WILL COOPERATE AND FACEBOOK HAS INFORMED THE CMA THAT MOST OF THE 26 GROUPS HAVE BEEN REMOVED.DURING NOV TO JUNE, IDENTIFIED 26 FB GROUPS WHERE PEOPLE OFFERED TO WRITE FAKE REVIEWS/BUSINESSES RECRUITED PEOPLE TO WRITE FAKE REVIEWS.EXPECTS FACEBOOK, EBAY TO PUT MEASURES IN PLACE TO ENSURE THAT ALL THE IDENTIFIED CONTENT IS REMOVED AND TO STOP IT FROM REAPPEARING.IS NOT ALLEGING THAT FACEBOOK OR EBAY ARE INTENTIONALLY ALLOWING FAKE REVIEWS TO APPEAR ON THEIR WEBSITES.WANT FACEBOOK AND EBAY TO CONDUCT AN URGENT REVIEW OF THEIR SITES TO PREVENT FAKE AND MISLEADING ONLINE REVIEWS FROM BEING BOUGHT AND SOLD.  Full Article

EBay Says Chief Technology Officer Steve Fisher Is Stepping Down
Wednesday, 15 May 2019 

May 15 (Reuters) - eBay Inc ::EBAY INC - STEVE FISHER, SENIOR VICE PRESIDENT, CHIEF TECHNOLOGY OFFICER, IS STEPPING DOWN EFFECTIVE MAY 17, 2019.  Full Article

eBay Says To Begin Rolling Out Google Pay On Marketplace Platform
Thursday, 21 Mar 2019 

March 21 (Reuters) - eBay Inc ::EBAY SAYS TO BEGIN ROLLING OUT GOOGLE PAY ON ITS MARKETPLACE PLATFORM.EBAY SAYS GOOGLE PAY USERS WILL BE ABLE TO COMPLETE PURCHASES ON EBAY VIA APP, MOBILE WEB AND DESKTOP.EBAY SAYS GOOGLE PAY WILL BE AVAILABLE TO ANDROID USERS STARTING IN EARLY APRIL.EBAY SAYS CUSTOMERS WHO HAVE GOOGLE PAY DIGITAL WALLET WILL BE ABLE TO COMPLETE PURCHASES ON DESKTOP, REGARDLESS OF OPERATING SYSTEM OR DEVICE.  Full Article

Springer Mulling To Buy Ebay's Classifieds Business - Capital
Thursday, 21 Mar 2019 

March 21 (Reuters) - German business monthly Capital: :AXEL SPRINGER SE SPRGN.DE IS MULLING A TAKEOVER OF THE GERMAN CLASSIFIED ADVERTISING BUSINESS OF EBAY - CAPITAL MAGAZINE.  Full Article

UK's CMA To Not Refer Ebay's Acqusition Of Motors.Co.UK To Phase 2 Investigation
Tuesday, 12 Feb 2019 

Feb 12 (Reuters) - UK's CMA::UK'S CMA- DECIDED NOT TO REFER ACQUSITION BY EBAY INC OF MOTORS.CO.UK TO A PHASE 2 INVESTIGATION.  Full Article

Starboard Value LP Has Large eBay Position Of Less Than 4 Pct -WSJ
Tuesday, 22 Jan 2019 

Jan 22 (Reuters) - :STARBOARD VALUE LP HAS LARGE EBAY POSITION OF LESS THAN 4% -WSJ, CITING SOURCE.STARBOARD WANTS EBAY TO IMPROVE OPERATIONS AND CONSIDER SEPARATING STUBHUB AND CLASSIFIEDS - WSJ.  Full Article

Elliott Management Sends Letter To Board Of Directors Of Ebay
Tuesday, 22 Jan 2019 

Jan 22 (Reuters) - ELLIOTT MANAGEMENT ::ELLIOTT MANAGEMENT SENDS LETTER TO BOARD OF DIRECTORS OF EBAY.ELLIOTT MANAGEMENT - "OUTLINES UNIQUE VALUE-CREATION OPPORTUNITY, PATH TO $55-$63 PER SHARE" FOR EBAY INC.ELLIOTT MANAGEMENT SAYS RECOMMENDS PORTFOLIO REVIEW FOR EBAY, RENEWED FOCUS ON CORE MARKETPLACE AND IMPROVED OPERATIONAL EXECUTION.ELLIOTT MANAGEMENT - ELLIOTT URGES EBAY'S BOARD TO ADOPT A FIVE-STEP PLAN.ELLIOTT MANAGEMENT SAYS "EBAY AS A PUBLIC-COMPANY INVESTMENT HAS UNDERPERFORMED BOTH ITS PEERS AND MARKET FOR A PROLONGED PERIOD OF TIME".ELLIOTT MANAGEMENT SAYS MANAGES FUNDS THAT BENEFICIALLY OWN MORE THAN 4 PERCENT OF EBAY INC.ELLIOTT MANAGEMENT SAYS EBAY "MANAGEMENT SHOULD TURN ITS SINGULAR ATTENTION TO GROWING AND STRENGTHENING MARKETPLACE".ELLIOTT MANAGEMENT SAYS "EBAY IS FAR FROM BROKEN, AND ITS FUTURE SHOULD BE BRIGHT".ELLIOTT MANAGEMENT SAYS "AS A MORE FOCUSED AND EFFICIENTLY RUN BUSINESS, WE BELIEVE EBAY CAN ACHIEVE A VALUE OF $55 TO $63+ PER SHARE BY END OF 2020".ELLIOTT MANAGEMENT- EBAY CLASSIFIEDS GROUP, STUBHUB BOTH STRATEGIC ASSETS, BELIEVE SUBSTANTIAL VALUE CAN BE CREATED BY SEPARATING THEM FROM CORE MARKETPLACE.ELLIOTT MANAGEMENT, IN LETTER TO EBAY, SAYS REQUEST A MEETING WITH BOARD IN NEAR TERM.ELLIOTT MANAGEMENT SAYS CONFIDENT EBAY CLASSIFIEDS GROUP CAN REALIZE SIGNIFICANT VALUE VIA SEVERAL ALTERNATIVE TRANSACTIONS, INCLUDING SALE OR SPIN.ELLIOTT MANAGEMENT SAYS BELIEVE THAT EBAY CLASSIFIEDS GROUP REPRESENTS $8 BILLION - $12 BILLION OF VALUE.  Full Article

Ebay Qtrly Non-Gaap EPS Per Diluted Share Of $0.56
Tuesday, 30 Oct 2018 

Oct 30 (Reuters) - eBay Inc ::REPORTS THIRD QUARTER 2018 RESULTS.Q3 REVENUE $2.6 BILLION VERSUS I/B/E/S VIEW $2.65 BILLION.QTRLY GAAP AND NON-GAAP EPS PER DILUTED SHARE OF $0.73 AND $0.56, RESPECTIVELY.IN Q3, EBAY GREW ACTIVE BUYERS BY 4% ACROSS ITS PLATFORMS, FOR A TOTAL OF 177 MILLION GLOBAL ACTIVE BUYERS.GAAP OPERATING MARGIN DECREASED TO 21.0% FOR Q3 OF 2018, COMPARED TO 23.0% FOR SAME PERIOD LAST YEAR.SEES Q4 NET REVENUE BETWEEN $2.85 BILLION AND $2.89 BILLION.NON-GAAP OPERATING MARGIN DECREASED TO 26.4% IN Q3 OF 2018, COMPARED TO 28.4% FOR SAME PERIOD LAST YEAR.UNDERLYING TOTAL EBAY INC PERFORMANCE, MARKETPLACE PLATFORMS DELIVERED $2.1 BILLION OF REVENUE AND $21.5 BILLION OF GMV IN QUARTER.SEES FULL YEAR 2018 NET REVENUE BETWEEN $10.72 BILLION AND $10.76 BILLION.SEES FULL YEAR 2018 GAAP EARNINGS PER DILUTED SHARE FROM CONTINUING OPERATIONS IN RANGE OF $2.62 - $2.67.STUBHUB DROVE REVENUE OF $291 MILLION, UP 7% ON BOTH AN AS-REPORTED AND FX-NEUTRAL BASIS IN QUARTER.SEES FULL YEAR 2018 NON-GAAP EARNINGS PER DILUTED SHARE FROM CONTINUING OPERATIONS IN RANGE OF $2.29 - $2.31.FY2018 EARNINGS PER SHARE VIEW $2.27, REVENUE VIEW $10.77 BILLION -- THOMSON REUTERS I/B/E/S.Q3 EARNINGS PER SHARE VIEW $0.54 -- THOMSON REUTERS I/B/E/S.COMPANY REMAINS FOCUSED ON ITS GROWTH OPPORTUNITIES IN PAYMENTS AND ADVERTISING.  Full Article

Ebay Reports Qtrly Gaap And Non-Gaap Eps Per Diluted Share Of $0.64 And $0.53, Respectively
Wednesday, 18 Jul 2018 

July 18 (Reuters) - eBay Inc ::. REPORTS SECOND QUARTER 2018 RESULTS.Q2 REVENUE $2.6 BILLION VERSUS I/B/E/S VIEW $2.66 BILLION.QTRLY GAAP AND NON-GAAP EPS PER DILUTED SHARE OF $0.64 AND $0.53, RESPECTIVELY, ON A CONTINUING OPERATIONS BASIS.GAAP OPERATING MARGIN DECREASED TO 15.4% FOR Q2 OF 2018, COMPARED TO 19.8% FOR SAME PERIOD LAST YEAR.SEES Q3 NET REVENUE BETWEEN $2.64 BILLION AND $2.69 BILLION.NON-GAAP OPERATING MARGIN DECREASED TO 25.2% IN Q2 OF 2018, COMPARED TO 26.4% FOR SAME PERIOD LAST YEAR.IN Q2, EBAY GREW ACTIVE BUYERS BY 4% ACROSS ITS PLATFORMS, FOR A TOTAL OF 175 MILLION GLOBAL ACTIVE BUYERS.SEES Q3 GAAP EARNINGS PER DILUTED SHARE FROM CONTINUING OPERATIONS IN RANGE OF $0.37 - $0.41.SEES Q3 NON-GAAP EARNINGS PER DILUTED SHARE FROM CONTINUING OPERATIONS IN RANGE OF $0.54 - $0.56.UNDERLYING TOTAL EBAY INC. PERFORMANCE, MARKETPLACE PLATFORMS DELIVERED $2.1 BILLION OF REVENUE AND $22.6 BILLION OF GMV IN QUARTER.SEES FULL YEAR 2018 NET REVENUE BETWEEN $10.75 BILLION AND $10.85 BILLION.SEES FULL YEAR 2018 GAAP EARNINGS PER DILUTED SHARE FROM CONTINUING OPERATIONS IN RANGE OF $1.91 - $2.01.SEES FULL YEAR 2018 NON-GAAP EARNINGS PER DILUTED SHARE FROM CONTINUING OPERATIONS IN RANGE OF $2.28 - $2.32.Q3 EARNINGS PER SHARE VIEW $0.56, REVENUE VIEW $2.73 BILLION -- THOMSON REUTERS I/B/E/S.FY2018 EARNINGS PER SHARE VIEW $2.27, REVENUE VIEW $10.95 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

UPDATE 3-Overstock shares surge after CEO Patrick Byrne quits

Aug 22 Overstock.com's stock surged 9% on Thursday after Chief Executive Officer Patrick Byrne resigned, saying distraction and fallout related to his involvement in a Federal Bureau of Investigation Russian espionage probe made it difficult for him to lead the online retailer.