Tesla announced a round of layoffs on Monday, joining Alphabet Amazon and UPS among major companies to cut jobs in recent months. The layoffs this year suggest that companies are cutting in more targeted areas—even as some of the biggest tech companies have continued to grow, adding more jobs than they’ve cut. The company had about 22,000 employees as of the end of last year, according to its annual report.

Consumer spending made up 68% of US GDP (Gross Domestic Product) in the first quarter of 2024, according to the US Bureau of Economic Analysis, with small businesses accounting for just less than half of economic activity. As part of Yahoo Finance's Small Business: Big Opportunities special this week, Citizens JMP Equity Research Analyst Nick Jones and BTIG Director Marvin Fong discuss the companies and platforms that small business owners are operating through, such as Etsy (ETSY), Fiverr Inter...

eBay Inc. (NASDAQ:EBAY) Q1 2024 Earnings Call Transcript May 1, 2024 eBay Inc. beats earnings expectations. Reported EPS is $1.25, expectations were $1.03. eBay Inc. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good afternoon, and welcome to eBay’s First […]

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...

eBay ( NASDAQ:EBAY ) First Quarter 2024 Results Key Financial Results Revenue: US$2.56b (up 1.8% from 1Q 2023). Net...

Shopping on online marketplaces such as eBay and Etsy or even secondhand clothing seller ThredUp can feel like treasure hunting at a giant flea market, except even more daunting as there are millions of unique listings to sort through. The technology has the potential to behave like a ChatGPT version of a personal shopper, acting on sentence commands to come up with relevant results and digging up products the consumer might not even have known existed on the platform. Earlier this year,...

Insightful Analysis of eBay's Financial Health and Strategic Position

Shares of online marketplace eBay (NASDAQ:EBAY) fell 9.5% in the pre-market session after the company reported first quarter results. However, revenue growth was quite weak. Notably, revenue in the US fell below expectations, partly driven by unfavourable weather conditions. Adding to the bad news is the fact that both the company's revenue and EPS guidance for next quarter missed analysts' expectations. The company called out a challenging macro environment with FX volatility remaining a headwi

Shares of Etsy (ETSY) and eBay (EBAY) are both sliding Thursday morning after both companies posted their first-quarter earnings results, revealing signs of weakening spending in the consumer discretionary category. At Etsy, merchandise sales were down 3.7% year-over-year with habitual buyers down 2.9% year-over-year. Yahoo Finance's Madison Mills joins Wealth! to break down the consumer pressures afflicting these e-commerce platforms. For more expert insight and the latest market action, click ...

Etsy stock was on pace to have its worst day since 2020 after the e-commerce retailer posted lower-than-expected gross merchandise sales for the first quarter. GMS of $2.99 billion was below the FactSet consensus of $3.03 billion and lower than the $3.1 billion reported in the same period last year. The results have led to concerns among Wall Street analysts over what the current state of the consumer means for the company’s top-line.