EBay to Discontinue Accepting American Express Cards, Sparks Industry Speculation
EBay Inc.’s decision to discontinue accepting American Express cards has sparked speculation in the payments industry. Some experts question if this move is a strategic tactic to negotiate lower interchange fees. The disparity in acceptance costs between AmEx, Visa, and Mastercard is a concern, with AmEx fees being notably higher. EBay cites high AmEx fees as the reason for the change, aiming for a more competitive payment processing landscape. The company has informed customers in advance, allowing time for transition to other payment methods. Merchant advocates see this as a response to rising discontent over card acceptance costs. American Express expresses disappointment but remains committed to providing payment solutions. The industry trend shows merchants seeking ways to reduce financial burden from card transactions.
After-Hours Trading Sees Significant Movements with eBay, Qualcomm, DoorDash, and Carvana Stocks
Discover the latest after-hours trading movements of companies like eBay, Qualcomm, DoorDash, and Carvana. eBay’s stock surged, Qualcomm’s activity reflected tech sector interest, DoorDash showed volatility, and Carvana attracted attention. Gain insights into market dynamics and investor sentiment towards specific companies for informed decision-making.
Chunks of SpaceX’s Exploded Starship Selling for Thousands on eBay
Chunks of SpaceX’s exploded Starship are being sold for thousands of dollars each on eBay, with recovered ceramic heat shield tiles becoming a lucrative secondary market for unique souvenirs. Lucky individuals have stumbled upon perfectly preserved heat shield tiles on the beaches near SpaceX’s testing facilities in Boca Chica, Texas, and are capitalizing on the opportunity by selling them for prices ranging from $30 for a broken tile to well over $2,000 for a mostly intact one. With one tile listed for a whopping $7,500 on eBay, the potential profits are attracting sellers eager to cash in on these unique space artifacts.
EBay reports strong fiscal fourth-quarter results
EBay Inc. reported fiscal fourth-quarter results, with net income reaching $728 million and revenue climbing to $2.56 billion. The company’s strong performance and guidance have instilled confidence in its ability to navigate through the competitive e-commerce landscape and economic challenges.
EBAY CEO Announces Significant Workforce Changes
EBAY CEO, Jamie Iannone, has announced significant changes to the company’s workforce in an effort to ensure long-term, sustainable growth. In a note to eBay’s internal workforce, Iannone outlined the need for organizational changes to better position the company for…