EBay’s Stock Jumps Thanks to Double-Digit Revenue Gains

EBay easily exceeded expectations in the first quarter, reporting double-digit gains for both revenue and income.
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News Byte

New Yahoo Chief of Staff Comes In, While Previous One Goes to Facebook

New Yahoo CEO Scott Thompson has selected Marta Nichols, who was the Silicon Valley Internet giant’s VP of investor relations, as his new chief of staff. Interestingly, Joel Jones, the chief of staff under Thompson’s predecessor, has moved to Facebook. After CEO Carol Bartz was ousted in the fall, Jones moved to a job as VP of Americas Ad Marketplaces at Yahoo. He’ll be part of the business operations team focused on the ads business at the social networking giant.

It’s Official: Yahoo Lays Off 2,000 Employees — 14 Percent of Workforce

CEO Scott Thompson promises that Yahoo, after staff cuts of 14 percent of the entire workforce, will be “smaller, nimbler, more profitable and better equipped to innovate as fast as our customers and our industry require.”
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Stock Trades Near 52-week High on Message That It's an All "New eBay"

Two years ago, eBay’s CEO John Donahoe promised Wall Street analysts massive changes to improve the company’s e-commerce experience. Today, he says it’s all “new eBay.”

News Byte

Finally, a Quick Way to Check the Codex Sinaiticus on the Go

Here’s a new app that’s sure to class up the reference folder on your phone. The British Library today released Treasures, a mobile multimedia look at more than 100 prized items from its collections, including the original version of “Alice’s Adventures in Wonderland,” the world’s oldest Bible, hand-painted medieval books, Nelson’s battle plan for Trafalgar and doodles by Leonardo. Truly priceless items–and speaking of price, if you act now, this app can be yours for the low, low introductory price of $1.99 for the iPhone and Android versions, and $3.99 for the HD iPad versions, all available in their respective marketplaces.

Classified Provider Becomes BFFs with Facebook

The exclusive provider of classified ads on the Facebook Marketplace is revamping the way it does business to create an even tighter bond with the social network.

Woof: EBay Is Winning Bidder for Milo

EBay has acquired Milo as a way to add physical retail locations into its e-commerce strategy. Milo’s database of products from 50,000 U.S. retail stores, like Best Buy, Sears and Target, will be integrated into the San Jose-based company’s search results to provide local shopping alternatives.

Here an App, There an App, Where’s the App for You?

Katie tests two free tools that offer ways of sorting through hundreds of thousands of apps to show you some you might actually like and some you might find useful.
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Voices

EBay's Marketplace Chief Leaves in Midst of Revamp

Top eBay Inc. executive Lorrie Norrington announced her departure from the Internet company at a critical time in its turnaround effort. Ms. Norrington, who runs eBay’s marketplace business—which accounts for more than half of its revenue—decided to leave for “personal family reasons,” the company said.

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EBay Q4 Revenue, Earnings Per Share Edge Estimates

EBay this afternoon posted slightly better-than-expected Q4 financial results. Revenue for the quarter was $2.37 billion, up 16 percent year over year, and ahead of the Street at $2.29 billion. Non-GAAP EPS of 41 cents beat the Street by a penny.