Ebay shares jump 2.4% as it raises buyback plan by $3 billion
Ebay has expanded its share buyback plan by $3 billion (£2.3 billion) while raising its outlook for current quarter as it closed its sale of StubHub. StubHub’s sale to rival…
Alibaba shares drop as analysts warn virus’ “impact is more significant than everyone expected”
Alibaba’s shares have dropped more than two per cent in morning trading as analysts warn virus’ “impact is more significant than everyone expected”. The Chinese ecommerce giant revealed a healthy…
Millions of Amazon sellers facing stock shortage as coronavirus keeps factories shut
Millions of Amazon sellers are in danger of running out of stock as the coronavirus outbreak keeps Chinese factories shut down until. Amazon’s third-party sellers, which accounted for 58 per…
Valentine’s Day online shopping to peak today says Ebay
“Valentine’s Day” online shopping searches are set to peak today as shoppers scramble to get last minute gifts delivered in time. Searches for “Valentine’s” on February 10 last year spiked…
Selfridges launches Hurr fashion rental pop-up
Hurr Collective, the fashion rental app, has launched its first ever physical pop-up in Selfridges as it secures investment from New Look’s founder. Selfridges today launched its Hurr pop-up, set…
Amazon forced to remove face mask listings for implying they prevent coronavirus spread
Amazon has been forced to remove a number face masks from its site after sellers wrongly advertised them as offering protection against the deadly coronavirus. A Yahoo News UK investigation…
Ebay’s shares jump 9% after New York Stock Exchange owner eyes takeover bid
Ebay’s shares have jumped around nine per cent after the owner of the New York Stock Exchange reportedly made a takeover bid for the company. Intercontinental Exchange (ICE) is understood…
Amazon “betraying the trust millions” by allowing its ‘Amazon Choice’ badge to be gamed
Amazon’s ‘Choice’ rating label is being manipulated by traders to boost sales of mediocre or even dangerous items according to consumer watchdog Which? According to the online retail giant its…
Amazon to offer sellers small business loans with Goldman Sachs
Amazon is set to begin offering its customers small business loans as it closes in on a deal with banking giant Goldman Sachs. Small and medium sized business loans could…
Amazon reports 400% surge in face mask sales despite doubts over their ability to prevent infection
Amazon has seen medical face mask sales in the UK skyrocket 400 per cent over the past 24 hours as coronavirus fears spread. Disposable face masks have become the fastest…