EBay is banning the sale of air bags and air-bag parts on its website following multiple reports of fatalities involving components believed to be counterfeit and installed in used cars.
EBAY, WHICH CLOSED 12.35% SHORT OF ITS 52-WEEK HIGH OF $119.31 REACHED ON MAY 20, OUTPERFORMED SOME COMPETITORS AS AMAZON FELL 0.80% TO $265.13, WALMART FELL 0.25% TO $115.72 AND TARGET ROSE 0.98% TO $155.51.
eBay has agreed to pay nearly $56 million to a Massachusetts couple who said former employees of the company targeted them with threats and bizarre anonymous deliveries, including live cockroaches and spiders, a funeral wreath and a bloody pig mask.
EBay and three former top executives have agreed to pay $55.7 million to resolve a lawsuit by a Massachusetts couple who fell victim to a bizarre stalking and harassment campaign carried out by several of its employees in retaliation for their coverage of the e-commerce company in a newsletter they publish.
eBay rejects GameStop’s $56B takeover bid, Marathon Digital Holdings shifts focus from mining toward AI infrastructure, and hotter-than-expected inflation data weakens hopes for Fed rate cuts this year.
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eBay has rejected GameStop’s $56 billion offer to buy the company
The board feels the unsolicited bid is not realistic or attractive due to financing uncertainties and harm to eBay’s independent growth plans.
The two companies had no prior talks, and while GameStop had $20 billion in loans lined up, it did not have a clear plan for the rest of the money.