eBay's $59M Settlement, Amazon Breaking Records, eBay Fights for Small Sellers, PayPal Streamlines - This week in Amazon & eCommerce - Feb 7

Pharmaceutical equipment, expensive in more ways than one

1. eBay's $59 Million DOJ Settlement: eBay Inc. has agreed to a $59 million settlement with the Department of Justice, marking the fourth-largest settlement in history related to violations of the Controlled Substances Act (CSA). [Learn more].

2. Amazon’s Record-Breaking Deliveries and Innovations: Amazon announced record-breaking speeds for package deliveries to its Prime customers in 2023, attributing the achievement to enhanced inventory placement, a new regionalization approach, and expanded same-day warehouses. [Learn more].

3. eBay Fights Back Against SHOP SAFE Act: eBay has issued a notice urging sellers to voice their concerns about the reintroduction of the SHOP SAFE Act, which contains provisions that eBay argues could disproportionately impact small sellers. [Learn more].

4. PayPal Announces 9% Workforce Reduction: PayPal CEO Alex Chriss announced a significant 9% reduction in the company's workforce in 2024. This change will impact approximately 2,500 jobs, and is to be executed through layoffs and the elimination of open positions. [Learn more].

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