eBay Inc. (NASDAQ:EBAY): Initiatives For Live Online Auctions And Increasing Presence On Mobile


Dallas, Texas 05/09/2014 (FINANCIALSTRENDS) – eBay Inc. (NASDAQ:EBAY) recently announced a partnership with Invaluable’s software solutions which are regarded as the leader in online live auctions especially for fine art and collectibles. In another announcement, eBay informed mobile partnerships with Samsung (SSNLF) and Deutsche Telecom (DTEGY)to tap into the growing mobile commerce market.

Online Live Auctions:

eBay Inc. (NASDAQ:EBAY)’s partnership with Invaluable will allow buyers to participate in live auctions through real time online bidding at auction houses across the globe. This partnership will allow Invaluable’s partner auction houses to auction over $4 billion worth of inventory through the global eBay platform. It will allow Invaluable’s live bidding platforms to reach out to eBay’s 145 million active buyers. In the following months, eBay will launch a specifically tailored destination for customers who might be interested to participate in the auction of premium art and collectibles.

General Manager – Emerging Verticals for eBay, Gene Cook noted, “Invaluable works with many of the premier brick-and-mortar auction houses around the globe, and they were the natural partner for us to work with to bring live auctions back to the eBay platform. We’re excited to bring Invaluable’s incredible selection of unique, high-end artwork, antiques and collectibles to eBay’s global community.”

Mobile Commerce Market:

eBay Inc. (NASDAQ:EBAY) recently announced that Paypal will soon enable fingerprint authentication for payments on the Samsung Galaxy S5 smartphone and will be the first global payment company to do so. It will also allow 144 million Deutsche Telecom customers to make purchases to their smart phone account with PayPal. eBay’s management reaffirmed that the company will continue to invest in the technology platform, in mobile as well as to re-platform PayPal technology platform.

Yesterday, the stock of eBay Inc. closed at $50.26, losing 0.61% from its previous close. The stock has delivered close to 7% negative returns, year to date.

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