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TameBay (Free subscription) | 01/10/2008
John Donahoe with President George W. Bush Originally uploaded by ebayink eBay President John Donahoe met US President George W Bush yesterday at a ceremony at the White House in which eBay was awarded the National Medal of Technology and Innovation. President Bush cited eBay’s pioneering technology which supported online trade and encouraged global entrepreneurship. eBay...
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FT.com (Free subscription) | yesterday
John Donahoe, the new chief executive of Ebay, sought to stamp his mark on the e-commerce company by cutting 10 per cent of the workforce and making two acquisitions for $1.3bn
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TameBay (Free subscription) | yesterday
eBay have announced that they are reducing their global workforce by around 10%, affecting approximately 1,000 employees worldwide, as well as several hundred temporary workers. eBay’s CEO John Donahoe said “while never an easy decision to make, these reductions will help improve our operations and strengthen our ability to continue investing in growth.” There is [...]
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DealBook (Free subscription) | yesterday
John Donahoe, the new chief executive of eBay, just hit the “Buy It Now” button in a big way. The online auction site agreed to buy Bill Me Later, an online payment provider, as well as two Danish classified sites for a total of $1.3 billion. The moves will further diversify eBay’s revenue stream from [...]
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Market Watch (Free subscription) | yesterday
EBay chief executive John Donahoe is seeking new revenue sources at eBay, the online auction pioneer, and his plans to buy Bill Me Later are clearly aimed at giving consumers additional flexibility to buy more goods. But will the move turn out to be a bad bet in a souring credit market?
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WebPro News (Free subscription) | yesterday
- Mon, 10/06/2008 - 10:55am. Cuts workforce by 10%eBay said today it is purchasing U.S. based online payments business Bill Me Later for approximately $820 million in cash and $125 million in outstanding options.The company is also buying Denmark based online classified site dba.dk and vehicles site bilbasen.dk for $390 million in cash.John Donahoe"We are making aggressive moves to strengthen...
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atHome Top Story (Free subscription) | 9 hours ago
About 1,000 full-time employees will be gone, while eBay will achieve the rest of the cuts by letting temporary and part-time workers go and leaving open positions unfilled. It is eBay's largest round of dismissals ever. Chief executive John Donahoe said the cuts – which will come across the company and around the world – will make eBay "more responsive and nimble," and give it an opportunity...
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Red Orbit (Free subscription) | 7 hours ago
... eBay's largest staff reduction. The rest will come from temporary and part-time workers. EBay CEO John Donahoe said the company is "creating efficiency" in areas that require it, but he did not elaborate on which jobs would be cut. A weak economy and the effects of the strengthening dollar are "affecting our businesses," Donahoe said. Still, eBay expects its third-quarter results...
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The Eagle Business (Free subscription) | 14 hours ago
... cut, other than to say they will come across the company and around the world.EBay Chief Executive John Donahoe said in an interview that the cuts were not a reaction to the weak economy. Investors were still disheartened, sending eBay shares to a 51/2-year low.Donahoe, who took over as CEO from Meg Whitman in March, said eBay's leadership had been thinking about making the...
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Women's Wear Daily (Free subscription) | 14 hours ago
... position our company for long-term growth,” eBay president and chief executive officer John Donahoe said.Alternative payment systems, such as PayPal, which eBay also owns, have been growing as online retailers look for new...
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Boston Globe (Free subscription) | 14 hours ago
... the slowest pace since 1998 and met the "low end" of its third-quarter forecast. Chief executive John Donahoe's purchase of Bill Me Later indicates an increasing reliance on payment services to boost revenue as it competes with .com."EBay is largely a virtual business and it doesn't have a lot of customer-service operations, it probably had too many people," Jeffrey Lindsay, an analyst...
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Baltimore Sun (Free subscription) | 14 hours ago
... year. The company had about $90 million in sales last year and estimates $130million this year.John Donahoe, eBay's president and chief executive, characterized Bill Me Later as a "natural extension" to the auctioneer's businesses and a complement to PayPal, the industry's No. 1 online payment provider.The two companies have little consumer overlap, Donahoe said. PayPal's customer...
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Baltimore Sun (Free subscription) | 14 hours ago
... year. The company had about $90 million in sales last year and estimates $130million this year.John Donahoe, eBay's president and chief executive, characterized Bill Me Later as a "natural extension" to the auctioneer's businesses and a complement to PayPal, the industry's No. 1 online payment provider.The two companies have little consumer overlap, Donahoe said. PayPal's customer...
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Baltimore Sun (Free subscription) | 14 hours ago
... year. The company had about $90 million in sales last year and estimates $130million this year. John Donahoe, eBay's president and chief executive, characterized Bill Me Later as a "natural extension" to the auctioneer's businesses and a complement to PayPal, the industry's No. 1 online payment provider. The two companies have little consumer overlap, Donahoe said. PayPal's...
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Before I Forget... (Free subscription) | 15 hours ago
... total payment volume reached $15 billion in the third quarter, eBay President and CEO John Donahoe said in the conference call. Its payment volume will soon exceed that of eBay’s, with more than half of its transactions off eBay’s site, he said. This year, Bill Me Later’s total payment volume should reach $1 billion, the companies said in a presentation to investors. The Danish classifieds...
