Someone’s trying to sell their iPhone X on eBay at a 5,100 percent markup

October 31, 2017

‘Tis the season… to be scalping! Just hours after Apple’s iPhone X went up for pre-order around the world, some asshole has already listed the hard-to-get-your-hands-on “all-screen” device for a whopping $59,999 on eBay. Screw this guy. But also screw anyone who’s stupid and desperate enough to buy it from him. SEE ALSO: Why foldable phones have no chance at succeeding Look, I take no joy in calling anyone an…


PayPal co-founder Luke Nosek leaving Founders Fund, reportedly for SpaceX-focused fund

July 29, 2017

Founders Fund just lost one of its founders. Luke Nosek, known for starting PayPal with Elon Musk, Peter Thiel, Max Levchin and Ken Howery, is off to start something new. Known as a member of the PayPal Mafia, Nosek has stayed in contact with Musk as a director of SpaceX, the space exploration company. As Axios first reported, hes launching an investment firm called Gigafundthatwill reportedly help Musks SpaceX raise…


Walmart and Amazon are battling for retail’s future. Is anyone else in the running?

June 24, 2017

Image: Getty Images How do you compete with Amazon and Walmart? That’s the question ringing in the ears of everyone who works in U.S. retail. Amazon’s blockbuster $ 13.7 billion batch to buy Whole Foods solid the notion that the retail monster is not material to merely reign ecommerceit’s coming for your real-world places too. Walmart is attacking from the other direction. Already was set up by the dominant U.S….


Ebay accused of failing its sellers as fraudulent buyers manipulate the system

May 22, 2017

A website built on the assertion that most people are honest is struggling. Now at long last there is a promise of more protection, as Anna Tims reports Last November Clive Rose* sold two handmade Japanese swords on eBay, worth a total of 1,940. The purchaser, formerly he had received them, necessitated that the cost of the most expensive sword be lashed. Rose refused to bicker and asked for its…


EBay unveils first-quarter earnings results

April 20, 2017

EBay reported first-quarter results after the bell on Wednesday. The company posted an adjusted 49 cents per share, when Wall Street was forecasting 48 cents. EBay reported revenue of $2.2 billion, when analysts were expecting roughly the same at $2.21 billion. This is up 4 percent from last year. Gross merchandise volume, a measure of the total sales transactions of the platform, came in at $20.9 billion, slightly beneath the…