News Byte

eBay’s Head of Local Jack Abraham Stepping Down

Jack Abraham, eBay’s head of local, has announced he is leaving the company on March 15, the company has confirmed. Abraham was the founder and CEO of Milo, which was acquired by eBay two years ago. Many of eBay’s local features were built on top of Milo’s database of inventory from tens of thousands of U.S. retail stores. Abraham will continue to act as an adviser to eBay going forward while working on an undisclosed “entrepreneurial endeavor.” His departure was first reported by Fortune.

Lot18 Sours on Flash Sales, Lays Off 25 as It Shifts to Wine Subscriptions

The online wine seller hopes the two moves will bring it to profitability.
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Yahoo’s De Castro Begins Reorg of Ad Sales Unit

Can the Henrique Way — that is to say, a version of the Google Way — fix what ails the Silicon Valley Internet giant’s biggest business?
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The $56 Million Man: Yahoo Confirms Hiring of Google’s De Castro as COO

Yes, that’s a lot of dough for the multi-lingual sales exec.
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Good Luck Getting an iPhone 5 Next Friday (Updated)

Apple has already pushed back shipping estimates for iPhone 5 preorders.
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Apple: Inventory Levels Were a Big Factor in Company’s Lower Sales and Outlook

The company added a bunch of iPhones to its inventory last quarter, putting a bit of a dent in this quarter’s sales figures. A similar effect for the iPad could hurt next quarter’s sales.
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Yahoo Hires Google Exec Barrett as Chief Of Revenue, as Big Ad Changes Loom

Get ready for a new Yahoo ad strategy, too.
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Nokia: We’re Building Lumia 900s as Fast as We Can

Nokia says the Lumia 900 inventory situation is primarily due to high demand, and not to the software glitch that once plagued the device.
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BlackBerry Friday: PlayBook at $300 Off

Inventory problems begone!
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Federated Media Buys Lijit Networks

Google, Myspace Finally Land New Ad Deal