John Donahoe

EBay's 'Buy It New' Ads Anger Used Goods Sellers

EBay has come a long way since its days as an Internet flea market. Today, 62% of eBay listings are fixed price, not auctions, and 70% are new. But the website's devoted cadre of loyal used item sellers feels like its recently launched "buy it new" campaign is selling them out.

EBay Earnings Grow, But Forecast Disappoints

Online auctioneer eBay posted 11% higher first-quarter profits, powered by a strong performance in the PayPal electronic payments business. But the stock fell nearly 8% after-hours on the company's weaker-than-expected forecast.