Global auction service eBay was hacked. The company began sending alerts to its users to change their passwords. The attack compromised the personal data of eBay users - names, (encrypted) passwords, email addresses, and phone numbers. However, the company assures that the financial information of users are safe, and there is no indication that the PayPal was hacked too.

The famous eBay just bought startup company Decide based in the Seattle for an unknown amount. Decide offers users market research services to help them decide what is the best buy option before the purchase.

After eBay CEO, John Donahoe, announced that the company will use mobile technology to be more involved in the "offline" business, eBay has introduced a project with four physical shop window in which they present a fashion collection by Kate Spade.

According to Reuters, the United Kingdom and Germany have reportedly lost billions of dollars in revenue from taxes because of sales on eBay. The reason for the loss is that eBay chose Luxembourg as its headquarters for operations in Europe.

Almost everyone is familiar with eBay, the online auction/retail site where consumers can go to bid on or purchase almost anything, ranging from paperclips and toast that looks like Elvis to houses and cars. Ebay offers a place to sell collectables, odds and ends, and various one of a kind products that are nigh impossible to come by elsewhere. A key feature of eBay is its close integration with PayPal, which offers buyers an added level of protection against fraud.

It looks like none of the big companies can avoid the trend of releasing their workers. Now it's PayPal's turn and they intend to cut around 3% of the workforce, making it up to 400 jobs. This is an idea coming from PayPal's president David Marcus in the hope that it will help reorganize the payment company and cut additional costs. The cuts will have the biggest impact on the product and technology groups and will be taking place in the next few weeks. PayPal currently has around 13,000 employees.

As they have experienced a lot of problems with their users, PayPal decided to put an end to it. Many PayPal users get annoyed and sue them for holding funds under review for no reason even making changes to user accounts without their permission. A few days ago PayPal decided to change that and updated their policy, so now users must mail in an “opt out” form if they want to keep the ability to sue PayPal in case something goes wrong.

After seventeen years the famous shopping website has decided that they should change their old logo and replace it with a new, more professional one. The old logo has been here since 1995 when the company was founded as a set-time auction shopping site. Up until now they have had their 4 color letters overlapping one another and in different sizes, but the new logo looks a lot more linear and pretty modern I would say. It represents “a global online marketplace that offers a cleaner, more contemporary and consistent experience, with innovation that makes buying and selling easier and more enjoyable.” according to eBay Global Marketplaces President, Devin Wenig.

Today if you want to buy something, you can be almost 100% you will find it on ebay. But from August 30th you wont be able to find anything that is declared as “magic“, “psychic readings“, or “prayers“. Right now you are probably thinking who would even want to buy stuff like this, but there are all sorts of people, and obviously there are some that are exploiting that. So this is the last month you will be able to buy items like “advice“, “spells“, “curses“, “hexing“, “conjuring“, “blessing services“, “magic potions“ etc. Even though all of these sound a lot Skyrimish they can be found all over eBay at the moment.

A while ago we posted an article describing the alleged Xbox 720 “Durango” developer’s console, and the efforts being made by a certain person to sell the console on the Assemblers Game Forum. Last night someone did in fact sell the console to a very fortunate soul on EBay for a final price of $20,100 USD. The question is; how likely is it that this is the actual console and not some opportunistic scam?