‘Elliott Investment Management is building a stake in PayPal’
The investment manager is reportedly pushing the financial tech giant to cut its costs post-pandemic.
This week Bloomberg News reported that Elliott Investment Management is building a stake in PayPal. The investment manager plans to push the fintech giant to ramp up its cost-reduction efforts, ... Read more
Activist shareholder eBay wants a major review of its business operations
Elliott Management, an activist shareholder with a stake of more than four percent in eBay, has written a comprehensive letter to the company's board. In it, Elliott calls on eBay's board to dispose of a number of its activities.
As far as Elliott Management is concerned, it is time for eBay to refo... Read more
eBay makes technology to control head-controlled devices open source available
eBay has unveiled a new technology that allows people with disabilities to control their devices by moving their heads. The technology called HeadGaze uses Apple's ARKit and the iPhone X camera to do so.
HeadGaze follows the movements of the user's head so that it is possible to navigate the screen ... Read more
eBay builds its own servers for its data centers and makes designs open-source
Over the past two years, eBay has been improving its information technology infrastructure. Now the company has reached a milestone. The webshop has finished its own designed servers. At the end of the year the server designs are made open-source.
The plan was to create its own hardware and an artif... Read more