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Bitcoin exchange owner who helped scam eBay buyers sentenced to 10 years in prison
Rossen G. Iossifov, the Bitcoin Exchange owner who was accused of laundering money for a Romanian gang putting up fake car listings on eBay, has been sentenced to 10 years in prison. According to the Department of Justice, Iossifov was sentenced “for conspiracy to commit a Racketeer Influenced and Corrupt Organizations Act (RICO) offense and conspiracy to commit money laundering.” Based on the evidence submitted to court, Iossifov knowingly assisted the gang of fraudsters in laundering the proceeds of their fraudulent scheme while taking steps to protect himself from criminal liability.
Tech giants call for more content liability protection in the EU
Safeguards would give them more leeway to tackle hate speech, a lobby argued.
eBay makes a dedicated portal for officially refurbished gear
eBay is taking on Amazon Warehouse with a new destination called Certified Refurbished, selling used goods from brands like Lenovo, Microsoft and Makita
eBay will authenticate sneakers from resellers
Experts will verify all US sales over $100 by early 2021.
At 25, eBay is a reminder of a bygone internet
eBay celebrates its quarter-century anniversary this week.
Six former eBay employees charged in a bizarre cyberstalking scheme
The Department of Justice has charged six former eBay employees with conspiracy to commit cyberstalking.
EPA orders Amazon and eBay to remove products posing as coronavirus remedies
eBay and Amazon will face fines if they don't ensure fraudulent 'COVID killing' products are removed from their sites.
It’s hard to make real money selling virtual goods
Can you make a living selling tchotchkes inside video games?
Bipartisan bill would make e-commerce platforms liable for counterfeit goods
Amazon and other e-commerce platforms have a huge fake-goods problem, but courts previously decided that they weren't liable for counterfeit products third-parties sold on their websites. A group of bipartisan lawmakers wants to change that. The group has introduced a bill called the Shop Safe Act of 2020, which would create trademark liability for companies selling counterfeits from China and other countries that pose a risk to consumer health and safety -- counterfeit goods like drugs, medical equipment, baby formula, chargers, car seats and airbags.
Facebook and eBay crack down on fake product reviews after UK warning
Facebook and eBay are taking steps to crack down on fake and misleading product reviews, following an advisory notice from the UK's Competition and Markets Authority (CMA). Both companies have signed agreements to better identify, investigate and respond to fake reviews, resulting in Facebook removing 188 groups and disabling 24 user accounts, and eBay permanently banning 140 users.
eBay is selling StubHub to Viagogo for $4.05 billion
StubHub will soon have a new owner if all goes to plan. Viagogo, another ticket resaler, has agreed to buy it from eBay for $4.05 billion. The sale should close by the end of March, pending regulators' approval and customary closing conditions.
Google’s .new shortcut now works with sites like Spotify and Microsoft
Last year, Google introduced .new shortcuts that made it easier to create a new Google Doc, Sheet, Slide, Site or Form -- simply enter the file type you wish to create into your browser and tack .new onto the end. Last week, Google brought the feature to Calendar, and now it's expanding it to other sites like Spotify. Soon, any company or organization will be able to register a .new domain to help their users start tasks faster.
eBay, Visa and Mastercard pull out of Facebook's Libra cryptocurrency
Stripe and eBay have followed PayPal in backing out of Facebook's cryptocurrency, Libra. They confirmed to the Financial Times that they would pull their support, while Mastercard and Visa have also dropped out.
MegaBots calls it quits, puts battle robots on eBay
The era of giant battle robots appears to be over... although you might have a chance to bring it back. MegaBots has gone bankrupt after once again running out of money, and it's auctioning its 16-foot-tall Eagle Prime robot on eBay as part of the shutdown. It's a fully functional bot that even includes weapon attachments, CAD files and a shipping container full of parts, and the only real damages are its battle scars and some worn-down plastic pads. The real challenges are the support costs, as MegaBots and its co-founder Matt Oehrlein explained.
eBay will offer sellers a complete storage and shipping service
eBay is (at long last) launching its answer to "Fullfillment by Amazon" sometime next year, starting in the US. It's called "Managed Delivery," and it will offer sellers in the country what it says is a cost-effective warehousing and shipping service. Sellers can store their inventory in any of the strategically located eBay-managed warehouses around the country, allowing them to offer faster shipping to customers who'd have to wait a while for their purchases to arrive otherwise.
eBay offers Prime Day discounts even if Amazon doesn’t crash
eBay doesn't want Amazon to get all of the spotlight during Prime Day 2019, and it's taking a dig at the glitch that interrupted the consumer holiday last year to offer a Crash Sale. If Amazon goes down, eBay will release a flood of "too-good-to-be-true" deals. But you don't have to wait around for an Amazon fail to score deals on eBay. Beginning at 8am PT today, eBay is offering savings like $2,000 off an LG OLED 65-inch 4K Smart TV.
Facebook's Calibra cryptocurrency wallet launches in 2020
After months of rumors and speculation, Facebook is finally making its cryptocurrency efforts official. This is Calibra, a digital wallet that will use a new cryptocurrency called Libra. Calibra, which is now a subsidiary of Facebook, is designed to "provide financial services that will enable people to access and participate in the Libra network," a blockchain technology developed by Facebook that's getting support from MasterCard, Visa, PayPal, eBay, Uber, Lyft and Spotify, among others. Facebook says it plans to launch Calibra in 2020, and the service will be available in Messenger and WhatsApp, as well as in a standalone app.
Drake sparks hundreds of fake eBay listings for Steph Curry's hair lint
Aubrey Graham, better known to the world as Drake, is basically a human meme. He has this uncanny ability to make people on the internet want to turn anything he does into viral content. Drake also happens to be an ultimate troll. Last night, during game one of the 2019 NBA Finals between the Golden State Warriors and Toronto Raptors, he exchanged some words with superstar Steph Curry. As that was happening, Drake seemingly took a moment to pull lint out of Curry's hair. That may seem strange, but you should know that Drake has Curry's number tattooed on his arm. Yes, even though he's a Raptors fan. After the game, which the Raptors won, Drake then had an exchange with another Warriors player: Draymond Green, who was on the receiving end of something along the lines of "you're trash."
eBay’s improved AI translation boosts Spanish-language sales
Since eBay added artificial intelligence translations for product listings in 2014, sales from the US to Spanish-speaking Latin American nations increased by almost 11 percent, according to a study. Researchers from MIT and Washington University in St. Louis scraped data from the ecommerce platform, and found that the translations helped buyers and sellers overcome language barriers.
eBay opens QR code-powered shop in the UK
Today, eBay opened a brick and mortar concept store in the UK's Wolverhampton. The month-long retail experiment will offer wares from 40 small, local businesses and will host a series of free, interactive workshops. While eBay has opened pop-ups before, this is the first of its kind in the UK, and it's meant to test how physical and online retail might work together.
