September 25, 1998 |
Online-auctions pioneer EBay Inc. broke the long, dismal drought in initial public offerings Thursday by tripling its share price from $18 to $53.50 in its first day of trading. After a drop into the low $40s, the stock rebounded and finished the day at $47.38 a share, giving its 31-year-old founder, Pierre Omidyar, a stake worth nearly $275 million. More than 8.1 million shares of the company were traded on the Nasdaq market.
January 14, 2005 |
Some small-business owners who reach most of their customers via EBay Inc. expressed anger at the online auction giant's plan to boost the monthly fee it charges sellers by 60%. EBay outlined the increase in an e-mail Wednesday to all buyers and sellers. "It seems as though the larger EBay becomes, the more greedy they become," said Lynette McDonald of Alton, Ill., who has sold Barbie and baby clothes on EBay since 2001. Starting Feb.
August 14, 2000 |
EBay Inc., the largest Internet auction company, said glitches that have plagued its Web site in the last week might continue as it upgrades computers and software used to run the operations. "The system may be just a little bit unpredictable over the next seven to 10 days as we make improvements to the site," said Kevin Pursglove, an EBay spokesman.
September 6, 2001 |
IBM Corp. will add software and training to the lineup of products it sells on EBay Inc.'s Web site after seeing greater-than-expected sales of personal computers and servers. San Jose-based EBay will also use IBM's WebSphere electronic-commerce software to upgrade its Web site, IBM said. The companies will have links on each other's Web sites. Terms weren't disclosed.
July 28, 2000 |
EBay Inc., the largest Internet auction company, agreed to settle its lawsuit against ReverseAuction.com Inc. over customer privacy issues. EBay agreed to settle for $1.2 million. EBay filed the suit against Washington-based ReverseAuction in January, claiming its rival violated the privacy of EBay customers by compiling e-mail addresses and sending deceptive e-mails urging a switch to ReverseAuction. The suit was filed in a U.S. District Court in San Jose, where EBay is based.
October 25, 2000 |
EBay Inc., the No. 1 Internet auction company, said some features such as a seller search and other functions might experience glitches in the next six to nine days as the company works on software. EBay said the failures might occur briefly as it adjusts its system to work with newly installed Oracle Corp. database software. San Jose, Calif.-based EBay, which posted a notice on its Internet announcement board, said it is also considering changes to policies on how it handles failures.
September 24, 2004 |
EBay Inc. said it would not close Half.com next month as planned because the parent company could not get enough of the unit's users to transfer their business to the main auction site. Half.com, which gained attention four years ago by getting the town of Halfway, Ore., to adopt the company's name for a year, will remain open indefinitely, EBay said. EBay persuaded more than 1,000 of the top 5,000 sellers on Half.com to transfer sales to EBay.
January 24, 2007 |
A federal judge has thrown out an antitrust lawsuit filed by the distributor of Morpheus file-sharing software against Internet phone service provider Skype Technologies, EBay Inc. and other defendants. StreamCast Networks Inc. had sought more than $4.1 billion in unspecified damages and a court order blocking EBay from selling Skype services.
October 18, 2000 |
EBay Inc., the largest Internet auction company, is talking with U.S. television networks about creating a show promoting its Web site. The company hired the William Morris Agency to help develop ideas and has been in talks with several networks, including Walt Disney Co.'s ABC unit, EBay spokesman Kevin Pursglove said. The talks were reported earlier by Inside.com. EBay's Web site helps individuals trade everything from stamps to automobiles and real estate.