eBay’s headquarters in San Jose, California, U.S. Bloomberg | Getty Images EBay said Thursday it is cutting about 800 roles, or 6% of its workforce, in the latest round of layoffs at the e-commerce company. “We are taking steps to reinvest across our business and align our structure with our strategic priorities, which will affect…
The Etsy company logo is seen at its headquarters in New York on Dec. 13, 2023. Michael M. Santiago | Getty Images Etsy shares popped 9% on Thursday after the company said it plans to offload its fashion resale app Depop to eBay for about $1.2 billion in cash. The online marketplace also reported mixed…
The Etsy Inc. headquarters in the Brooklyn borough of New York on June 25, 2024. Victor J. Blue | Bloomberg | Getty Images Etsy shares skyrocketed more than 14% in extended trading on Wednesday after the company announced eBay would acquire its secondhand clothing reseller Depop for about $1.2 billion in cash. The deal comes…
Shoppers near a Nike store in the SoHo neighborhood of New York, Nov. 24, 2025. Michael Nagle | Bloomberg | Getty Images Nike shares rose 3% in Wednesday trading after insiders picked up the stock near the end of a rough year. Apple CEO Tim Cook, who serves as a director at the athletic apparel…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: The S & P 500 flipped between positive and negative Wednesday afternoon after Federal Reserve Chairman Jerome Powell said a December interest rate cut was…
The Etsy NYC headquarters building is seen in New York City. Michael M. Santiago | Getty Images News | Getty Images Etsy CEO Josh Silverman will step down from his position and move to the role of executive chairman at the end of the year, the online marketplace said Wednesday. Kruti Patel Goyal, Etsy’s president…
When Rick Senko started re-selling used items on eBay, he was “flat broke” — a recently unemployed single father who was desperate to earn enough money to support his 5-year-old son. That was 2008, and the first item he sold — a cell phone he bought for $35 on Craigslist and flipped on eBay for…
StubHub CEO Eric Baker said Wednesday that recently introduced federal regulations around transparent ticket pricing will cause a “one-time” hit to its financial results. Revenue is expected to dip year over year as consumers digest the new rules, Baker told CNBC, which require online ticket sellers to prominently show the total cost upfront. “We’ve seen…
Jakub Porzycki | Nurphoto | Getty Images OpenAI has hired Mike Liberatore, former finance chief at Elon Musk’s xAI, to be the artificial intelligence startup’s business finance officer, responsible for overseeing its massive infrastructure spending. Liberatore, who left xAI in July after just three months on the job, begins Tuesday, a company spokesperson told CNBC….
The de minimis exemption, an obscure trade law provision that has simultaneously fueled and eroded businesses across the globe, officially came to an end on Friday following an executive order by President Donald Trump. For nearly a decade, shipments valued under $800 were allowed to enter the country virtually duty-free and with less oversight. Now,…
