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Wednesday, October 08, 2008 |
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eBay cuts jobs,
buys Bill Me Later, Danish websites |
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Internet giant eBay Inc., which has seen sluggish growth in its online auction business, announced Monday it was cutting its global workforce by about 10 percent.
In a statement released by its San Jose, California headquarters,eBay said it was cutting 1,000 permanent employees and several hundred temporary workers in a bid to streamline its organization.
Separately, it announced it was purchasing online payment service Bill Me Later -- a rival to its market-leading PayPal -- for 820million dollars (606 million euros) in cash and 125 million dollars in employee options.
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O T H E R R E P O R T S
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Facebook co-founder leaves for new venture
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The college roommate who helpedMark Zuckerberg start Facebook is leaving the fast-growing social networking website in a matter of weeks to create a new Internet technology firm.
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Revamped Ask.com searching for more market share
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Internet search engine Ask.com unveiled a revamp on Monday in a bid to increase its share of the market dominated by
Google.
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TECHBYTES
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Etihad scoops website award
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Etihad Airways, a leading carrier for frequent business travelers and thousands of overseas Filipino workers
(OFWs), continues to receive industry-wide praise for its innovative online marketing strategy after winning the "best airline website" accolade at this year's
WebAwards.
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TECHSTUFF
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PowerColor introduces HD4550/HD4350 for ultimate HD experience
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TUL Corporation – a leading manufacturer of AMD graphics cards – introduces value segment
VGAs, HD4550 and HD4350 Series. With all the latest features, the new series delivers superior high-definition experience to a new level at home, work and gaming.
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HARDWARE
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This one’s an idol:The CoolIdol from Titan Tech
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The CoolIdol TTC-NK75TZ from Titan Tech is a
highly capable fansink for AMD and Intel multi-core CPUs. It
features six heat pipes that provide maximum cooling performance;
high- density heat sink fins that significantly increase the surface...
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DIGITALLIFESTYLE
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Lenovo Ideapad S10
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It’s not a surprise anymore that Lenovo jumped
into the netbook bandwagon. Not doing so would be a wrong move as
market analysts are confident that the next growth in the computer
market will be driven by the netbook category.
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