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Mcommerce to show notable growth in both eBay and PayPal

10/15/2012 Jorge Gonzalez

Third quarter earnings in both giants have increased significantly over Q2. Though the first and second quarters showed notable mcommerce achievements for eBay, this did not hold the company back from experiencing yet another important period of growth during the third. The revenue growth seen by eBay in the first half of the fiscal year ended with a 23 percent Q2 rise. This growth is being credited primarily to PayPal, which increased its active member base by approximately one million per month in the second quarter. The Total Payment Volume…

eBay mobile payments lead to solid Q1 2012

04/20/201204/20/2012 Jennifer Goula

eBay has reported double digit increases to its mobile payment income through Marketplace and PayPal. Leader in global commerce and mobile payments, eBay Inc. has announced that its first quarter revenue for 2012 was $3.3 billion, which is an increase of 29 percent when compared to the same time last year. The eBay first quarter report indicated that the company saw a GAAP net income of $570 million, which translates to $0.44 per diluted share. It also stated that its non-GAAP net income was about $0.55 per share, at $725…

eBay acquires Hunch to add its custom recommendation technology to its services for shoppers

11/24/201111/24/2011 Jesse Collins

The largest online marketplace in the world, eBay Inc., has announced the acquisition of Hunch, which will allow it to include product and service recommendation technology so that it can offer greater value to its customers. The actual details of the purchase weren’t disclosed. Hunch.com was first launched in 2009, and provides users with customized suggestions based on their unique preferences and tastes. It makes its determinations based on data gleaned from other websites and social networks. According to eBay, Hunch will help the company to improve the selling and…

eBay claims that m-commerce success requires stronger foundation

11/14/2011 Julie Campbell

eBay has led a group of retailers, trade bodies, and network operators from across several industries and has used a “Mobile Manifesto” to announce to the UK government that m-commerce will only take off if a better network infrastructure is prioritized. According to eBay research, almost 50 percent of smartphone users in the United Kingdom are unable to take part in mobile shopping activities due to limitations in their mobile internet speeds. eBay worked along with Populus, a research agency, to determine that 45 percent of smartphone users did not…

Facebook and eBay announce partnership for e-commerce

10/14/2011 Julie Campbell

Board member at eBay and executive at Facebook, Katie Mitic, announced a partnership between those two organizations, which was created in order to form a new series of e-commerce apps with features for social networking. Mitic explained that the Open Graph on Facebook – that is, its connections map among its users and their “friends” – will undergo a seamless integration with eBay service apps. It is eBay’s hope that outside developers will come up with apps that will work with its e-commerce platform so that it will build more…