EBay Q3 earnings report 2024
A sign is posted in front of eBay headquarters in San Jose, California. Justin Sullivan | Getty Images Shares of eBay slumped about 9% in extended trading on Wednesday after …
eBay Inc
Nike CEO John Donahoe is out, replaced by Elliott Hill
John Donahoe, CEO of Nike, attends the annual Allen and Co. Sun Valley Media and Technology Conference at the Sun Valley Resort in Sun Valley, Idaho, U.S., July 10, 2024. …
Temu, Shein soaring popularity could hit Amazon, Meta, eBay earnings
In just 17 days after launch, Temu surpassed Instagram, WhatsApp, Snapchat and Shein on the Apple App Store in the U.S., according to Apptopia data shared with CNBC. Stefani Reynolds …
Ford restores Detroit train station for $950 million campus
Ford Motor is turning an abandoned train station used for decades as an infamous symbol of Detroit’s downfall and blight into a new technology campus for the automaker and mixed-use …
Trustly posts 51% profit jump; CEO says IPO at least 2 years out
Trustly CEO Johan Tjarnberg. Trustly The boss of Swedish financial technology startup Trustly says an initial public offering for the company is still a year or two away from happening, …
Advertisers boost retail media spending as TV dwindles
An M&M’s advertisement seen on a gas pump. Courtesy: GSTV The next frontier for the ad market isn’t on TV — it’s in stores and on your phone. Television had …
StubHub eyes summer IPO, seeks $16.5 billion valuation
StubHub is eyeing a summer initial public offering, a person familiar with the matter told CNBC. The online ticketing service is aiming for a valuation of at least $16.5 billion, …
Ericsson will cut 1,200 jobs in Sweden
Ericsson recently announced it is planning to cut 8,500 jobs as part of its cost-cutting measures. Nurphoto | Nurphoto | Getty Images Ericsson announced on Monday that it will lay …
Laid-off techies struggle to find jobs with cuts at highest since 2001
The Google office in New York on February 2, 2023. Ed Jones | Afp | Getty Images Allison Croisant, a data scientist with about a decade of experience in technology, …
Amazon and other retailers hit by refund fraud costing them billions
A UPS seasonal worker delivers packages on Cyber Monday in New York on Nov. 27, 2023. Stephanie Keith | Bloomberg | Getty Images Just before midnight on May 4, 2023, …