April 20, 2016 |
After five years as eBay Enterprise, the $1 billion-in-annual-sales, King of Prussia-based, 7,500-worker retail-logistics company founded as GSI Commerce is back as an independent firm with a new name, Radial. "We were the smallest business unit in a big public company. Now, commerce technology and commerce operations is the only thing we do," Radial chief executive Tobias Hartmann said before Tuesday's planned unveiling of the new name at the company's headquarters. Hartmann said that the firm has grown beyond taking clients' customer orders and shipping products from its warehouses in Southern states, Canada, and Europe.
October 2, 2015 |
BMWs were sold but never shipped. A vintage 1971 Rolex Submariner watch turned out to be fake. The Montgomery County man behind a string of eBay scams pleaded guilty Wednesday to creating a series of deceptive auctions that pitched luxury cars and expensive jewelry to unsuspecting buyers. Kareem Cameron, 50, of Wyncote, was sentenced in federal court to 50 months in prison, far above typical guidelines. Cameron, along with his wife, Alecia Susan Brown, 39, operated out of their Cheltenham Township home for nearly a year, targeting wealthier buyers with bogus auctions.
May 12, 2015 |
Her arms draped in Hermes Birkin handbags that retail for $13,000 each, a laughing Linda Lightman had to confess: She doesn't own a single one herself. "But they're coveted by many," she added with considerable appreciation. Such longing will translate into $25 million in sales this year for Linda's Stuff, the online luxury-consignment business Lightman started 15 years ago. At eBay, where a projected $83 billion in gross merchandise value was transacted last year, Linda's Stuff is considered a superstar.
October 3, 2014 |
A former eBay executive was sentenced Wednesday to 15 months in federal prison for insider trading tied to the Internet auction site's 2011 acquisition of a King of Prussia-based e-commerce firm. Christopher Saridakis, 45, of Wilmington, pleaded guilty in May, admitting he tipped off friends and relatives to a pending $2.4 billion deal between San Jose, Calif.-based eBay and GSI Commerce, where he worked as a marketing director. Saridakis was named a senior vice president at eBay after GSI's purchase.
October 3, 2014 |
A FEDERAL JUDGE struggled yesterday with what sentence to give Christopher Saridakis - a former eBay and Gannett executive - who pleaded guilty to insider trading. On the one hand, Saridakis, 46, "a bright guy who's hugely successful in business," is - aside from his one conviction - a law-abiding citizen, U.S. District Judge Stewart Dalzell noted. On the other hand, the judge said he had to hand down a sentence that would deter others from insider trading and he had to avoid sentencing disparities.
September 17, 2014 |
REMEMBER THE big hubbub last week over LeSean McCoy leaving a 20-cent tip at an eatery in Northern Liberties? The receipt for $61.76 showing the tip and McCoy's autograph is up for bid on eBay. As of 7:52 last night, there were 143 bids, with the highest one for the bad-service/bad-party tab hitting $100,000. Apparently, someone has nothing better to do with 100 grand. For that kind of cash, one can pay the median annual salary of a Philadelphia area college admissions director (salary.com)
September 9, 2014 |
If you're thinking of gambling on the coming Alibaba Group IPO, hear out this tech bull and growth-company fan. He's not buying. The Chinese version of eBay, Alibaba promises explosive growth and has filed to raise between $21 billion and $25 billion in its initial public offering. Paul Meeks, director of institutional investing at Saturna Capital and portfolio manager of the Sextant Growth Fund (symbol:SSGFX), isn't comfortable with the online retailer's accounting, or the fact that the China tech darling has several times rewritten its offering documents.
August 22, 2014 |
YOU GOTTA love Mo'ne Davis. Told yesterday that a baseball she had signed was going for $500 on eBay, the Taney Little League star said, "Really? I've gotta get that. " Davis was kidding, of course. But not everyone thought the idea of selling signed Little League memorabilia was a laughing matter. "I think it's ridiculous. That's absurd," said Steve Keener, CEO of Little League Inc. "[But] I don't know how you would ever control it. "We supervise the teams while they're here, but we're not with them every minute.
May 25, 2014 |
Can any password ever be strong enough? About 233 million people - somewhere between the populations of Brazil and Indonesia - may well be asking that question right now. That's the number who have accounts on eBay, the world-beating DIY auction site. Their question tells much about this fascinating moment in the history of e-commerce. This week, it emerged that hackers had compromised a big cache of eBay accounts. eBay said no financial information had been compromised - but it strongly suggested everybody change his or her passwords anyway.
May 11, 2014 |
A former eBay executive faces up to 20 years in prison and $5 million in fines after pleading guilty Friday to insider-trading violations tied to the auction website's 2011 acquisition of a King of Prussia-based e-commerce firm. Christopher Saridakis, 45, of Greenville, Del., then head of marketing solutions at GSI Commerce, tipped off two friends and two relatives to the pending $2.4 billion deal and urged them to buy stock in advance of the sale. When the acquisition was announced in June 2011, GSI's stock price jumped more than 50 percent, leading to more than $300,000 in illegal profits for the traders.