ebay

The impact from the ongoing credit crisis is finally starting to translate into layoffs for the tech sector.

The folks I'm talking to say that AT&T, Apple, Yahoo, Sun, eBay, Microsoft, Nortel, HP, EDS, and even Google are going to be passing around pink slips with alarming aggressiveness in weeks to come.

Sun looks like its ready to layoff 2,500 employees, Yahoo up to 3,500, Apple about 1,500, and HP will slice off a whopping 25,000 staffers after its buyout of EDS.

Industry statistics say that about 1,417,000 tech staffers are out of work so far this year, and that's just in Silicon Valley...

EBay Inc. said Monday it will cut about 1,000 employees, reducing its work force by about 10 percent.

Joanne Smith, 30, of Chicago made the successful bid for the Saginaw house in an auction on eBay. Reporter Roberto Acosta of The Saginaw News noted that her bid, one of eight, was lower than the cost of a McDonald's value meal.

With a winning bid of just $1.75, a Chicago woman won an auction for an abandoned home in Saginaw, Mich.

She was the top bidder during an auction on eBay, The Saginaw News reported.

Psychology researchers have suggested fear of losing drives up auction prices, not more “rational” economic principles.

So the next time you sense you’re overbidding on eBay, you probably are, not due to any theoretical “price the market will bear,” but instead due to some competitive wiring in your brain that says win at all costs.

TechCrunch is reporting eBay is trying to unload StumbleUpon, citing "sources with knowledge of the sale process." eBay is apparently using Deutsche Bank to find a suitable buyer, and the asking price has not been disclosed.

Tiffany & Co. announced on Monday that it is appealing a recent federal court decision that said eBay is not responsible for policing counterfeit listings on its auction site.

Here's an interesting one for anyone involved in an online trading community. There are increasing moves afoot to make the communities themselves, whether we're talking about eBay, Amazon's second hand scheme or whatever we're thinking about, responsible for what they sell.

In other words, if someone sells a fake Rolex watch on eBay, eBay could be held liable. (Speaking as someone who's only ever going to be able to afford a fake Rolex and probably not even that, I'm a little ambivalent over this).

Now step back and think about it. You're running a business like eBay - check. You suspect...

Amid Zimbabwe's mind-boggling hyper inflation, a new 100 billion dollar bank note has more value as a novelty item on eBay than on the streets of the capital.

The note, launched this week, is worth enough to buy a loaf of bread - if you can find one on Zimbabwe's depleted store shelves.

Meanwhile on eBay, the bill was on offer for nearly US$80.

PayPal is well-know to anyone who has ever bought anything on eBay or at other online vendors, but now the company is eager to take on other merchant processor services.

It denies having designs on this vast market, but industry observers are skeptical. But you be the judge.