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All Posts Term: eBay
3 post(s) found

Andreeseen's EBay Role Causes Icahn To Lash Out

English: Co-founder of , at the Tech Crunch40 ...

English: Co-founder of , at the Tech Crunch40 conference. (Photo credit: Wikipedia)

Marc Andreessen, a well-known venture capitalist from Silicon Valley, recently endured attacks from Carl Icahn. Due to a possible conflict of interest, Icahn asked Andreessen to step down from his respected position as one of EBay's board members.

In a strange turn of events, Icahn attempted to gain support for his nominees by encouraging fellow shareholders to take his side . He was concentrating his efforts on governing the corporate structure of EBay. In short, he is trying to convince this auction giant to spin off PayPal, their successful payments business.

Senate Bill On Internet Taxes Passes First Hurdle

May 07 2013
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The Senate's side of the Capitol Building in DC.

The Senate's side of the Capitol Building in DC. (Photo credit: Wikipedia)

Senate Bill On Internet Taxes Passes First Hurdle

Recently, the United States Senate passed a bill concerning Internet tax collection. Online retailers currently don't have to collect sales tax from every single sale. If a person places an order from a state where that business doesn't have any physical presence, then the company doesn't need to collect taxes. Unfortunately, states lose out on billions of dollars in taxes because of this loophole.

eBay Rises 7% Overnight on Earnings

eBay Rises 7% Overnight on Earnings

The online auction business eBay rose over 7% in after-hours trading on Wednesday after a better than expected earnings report. Profit for the third quarter rose 23% compared to a year ago. The main earnings driver for the company was its online transaction processor PayPal. Current quarter estimates were also increased by the online auction operator which made investors snap up shares quickly.

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