Ebay Inc. Stock Price, News & Analysis

eBay has launched its week-long 'Vinyl Obsession' event from September 28 to October 4, 2020, showcasing a wide selection of rare and trending vinyl records from independent stores. The event aims to celebrate music culture and support small businesses, featuring staff picks, collectible titles, and a charity auction benefiting MusiCares. Shoppers can also receive a free three-month Tidal subscription with select purchases. With over 1.5 billion listings and 182 million active buyers, eBay continues to be a vibrant marketplace.

eBay Inc. (Nasdaq: EBAY) has announced the appointment of Carol Hayles and Mohak Shroff to its Board of Directors, enhancing its leadership at a crucial time for the company's tech-driven transformation. Jesse Cohn is resigning immediately, while founder Pierre Omidyar steps back to a Director Emeritus role. Hayles brings substantial financial expertise, while Shroff adds significant technology leadership. The board now comprises 13 directors, of which 12 are independent. These changes aim to drive growth and long-term shareholder value.

eBay is expanding its managed payments system to France, Italy, and Spain in Q1 2021, enhancing the marketplace experience by offering buyers more payment options like Apple Pay and Google Pay. This follows its initial launch in the U.S. in 2018, with subsequent expansions to several countries. By the end of July, eBay enrolled over 255,000 sellers in its managed payments globally, processing $4.7 billion in GMV. The company aims for managed payments to generate $2 billion in revenue and $500 million in operating income in 2022.

eBay partners with Maccarone Gallery and artist Grimes for an exclusive art sale benefiting Carbon180. The sale runs from September 9 to December 18, featuring art, apparel, and a unique coloring book. Three drops will showcase limited-edition prints and sustainable apparel inspired by Grimes' decade-long artistic journey. Proceeds will support Carbon180's climate change initiatives. eBay aims to enhance its art marketplace, engaging 182 million buyers worldwide. This collaboration supports artists and democratizes art access.

eBay has introduced its new "Authenticity Guarantee" service for watches priced at $2,000 or more, aimed at enhancing buyer confidence through independent verification. This move reaffirms eBay's leadership in the luxury watch market, where it sold over 2 million watches in 2019 alone. New features include escrow payment services for watches costing $10,000 or more, and a 35% reduction in seller fees for active managed payments on sales above $1,000. These changes are designed to boost trust and ease transactions for buyers and sellers alike.

eBay has announced a new collaboration with UPS to enhance shipping options on its global marketplace. Starting later this week, eBay sellers will be able to utilize UPS as an integrated shipping service, with a full rollout expected by the end of September. This partnership aims to provide sellers with discounts of up to 48% on UPS Ground shipments and 62% on UPS 2nd Day Air service. Moreover, sellers will benefit from over 85,000 drop-off locations, flexible shipping options, and improved customer satisfaction through automated updates and tracking.

eBay has partnered with visual artist Beau Dunn to launch an exclusive art collection benefiting UNICEF USA's COVID-19 response. From September 2 to October 2, collectors can purchase limited edition neon sculptures at ebay.com/beaudunn. Each artwork reflects 2020 challenges, with 20% of sales supporting UNICEF's efforts for children affected by the pandemic. Dunn's pieces explore contemporary consumer needs with messages like 'NEED MONEY FOR FACE MASKS.'

eBay has partnered with Record Store Day (RSD) to support independent record stores during challenging times, launching a series of vinyl drops from August to October 2020. This collaboration aims to help small businesses transition to online sales amid the COVID-19 pandemic. With nearly 400 vinyl titles from renowned artists such as Billie Eilish and David Bowie, eBay's platform connects 182 million active buyers with small businesses. The initiative also coincides with eBay's Vinyl Week starting September 28, promoting exclusive collections and benefiting charities.

eBay has partnered with street artist Buff Monster to launch an exclusive pack of collectible cards called "Melty Misfits." Only 350 editions are available, each containing seven vintage-style trading cards. The collaboration includes a video featuring Buff discussing his inspiration from Garbage Pail Kids (GPK). Buff Monster will also sell items from his personal collection. eBay aims to engage collectors through this unique offering, enhancing its marketplace appeal.