{
}
Dan Neary, Meta’s Asia-Pacific head, is stepping down after 12 years with the company for personal reasons, with plans to stay on for a few months to ensure a smooth transition. Neary joined in 2013 and played a key role in expanding Meta's presence in Australia, Greater China, and Southeast Asia, significantly boosting user bases and ad revenue in the region. His departure coincides with Meta's increased focus on AI investments under CEO Mark Zuckerberg, and a successor has yet to be named.
Matthew Hiller, who creates anti-Musk bumper stickers, has seen his business, MadPufferStickers, soar to $100,000 in monthly sales, driven by Tesla owners wanting to distance themselves from Elon Musk's controversial actions. Following Musk's political endorsements, daily sales jumped from 300 to 500. Meanwhile, Tesla shareholders are divided on Musk's leadership, with some calling for a new CEO as the company's stock has dropped 24% this year.
MaxIQ, an AI-driven revenue solutions platform for B2B SaaS companies, has appointed Sastry Malladi as its new chief technology officer. With over 30 years of experience, Malladi will enhance the platform's capabilities, focusing on sales forecasting, customer onboarding, and revenue management. This announcement follows a recent $7.8 million seed funding round led by Dell Technologies Capital and Intel Capital.
J.P. Morgan Payments has expanded its services through partnerships with Walmart and Affirm, enhancing its embedded finance solutions for Walmart Marketplace sellers. This integration allows businesses to manage payments seamlessly while Affirm's pay-over-time options will be available to U.S. merchants using J.P. Morgan's platform, offering consumers flexible repayment plans. These moves position J.P. Morgan and its partners to compete effectively in the evolving retail and BNPL markets.
StubHub has filed for an IPO on the New York Stock Exchange under the ticker symbol “STUB,” following a delay due to unfavorable market conditions. The company reported a net loss of $2.8 million on $1.77 billion in revenue for 2024, contrasting sharply with a $405 million profit on $1.37 billion in revenue in 2023. Founded in 2000 and acquired by eBay in 2007, StubHub was repurchased by co-founder Eric Baker in 2020 for $4 billion.
Barclays has raised its price target on eBay Inc. to $72 from $64 while maintaining an overweight rating. eBay, a leading online marketplace, facilitates transactions for goods and services through various platforms, with significant sales coming from the U.S. (50.2%), the U.K. (15.9%), and China (10.2%).
UBS has raised its price target on eBay Inc. to $72 from $66 while maintaining a neutral rating. eBay operates a leading online marketplace, facilitating transactions for goods and services through various platforms, with significant sales coming from the U.S. (50.2%), U.K. (15.9%), and China (10.2%).
Elon Musk's social media platform, X, formerly Twitter, is partnering with Visa to launch "X Money Account," a digital wallet for real-time payments in the U.S. This initiative is a significant step towards Musk's vision of an "everything app," akin to China's WeChat, allowing users to link debit cards for peer-to-peer transactions. The collaboration marks X's entry into financial services, with further expansions and features anticipated throughout the year.
Asian stocks mostly declined amid renewed concerns over potential trade friction with President-elect Donald Trump. Japan's Nikkei fell 0.9% following strong wage growth data, while the Shanghai Composite dropped 0.6% as inflation signals pointed to weak demand. In the U.S., markets were steady, with the S&P 500 recovering slightly after previous losses, as investors awaited key economic reports.
Asian stocks mostly declined as concerns over persistent inflation and interest rates grew following mixed U.S. market performance. The Nikkei 225 fell 1.4% after strong wage growth data, while the S&P 500 rose 0.2% amid hopes for future rate cuts. U.S. markets will be closed for a National Day of Mourning for former President Jimmy Carter.
eBay Inc.
Companies
| Symbol | EBAY |
| Name | eBay Inc. |
| Currency | USD |
| Sector | Consumer Discretionary |
| IndustryGroup | Retailing |
| Industry | Internet & Direct Marketing Retail |
| Market | NASDAQ Global Select |
| Country | United States |
| State | CA |
| City | San Jose |
| Zipcode | 95125 |
| Website | http://www.ebayinc.com |
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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