Most people would agree that sex trafficking is abhorrent.
When a group of Senators proposed a new bipartisan bill called Stop Enabling Sex Traffickers Act it sounded like a noble piece of legislation that people would get behind. It would hold companies liable if they “knowingly facilitate” sex trafficking on their online platforms. But tech industry associations and internet-rights advocates are concerned about protections of free-speech platforms.
The bill, introduced on Tuesday, comes after a two-year Senate investigation into online sex trafficking on the classified ads site Backpage.com. The investigation, led by bill co-sponsors Senators Rob Portman and Claire McCaskill, found that Backpage.com knowingly aided criminal sex trafficking of women and young girls, simply scrubbing terms from ads such as “Lolita,” “teenage,” “rape,” “amber alert,” and publishing them on its site. After the investigation was published in January, Backpage.com shut down its adult ads section.
retirement investment: eBay Inc.(EBAY)
- [By Paul Ausick]
Both Wal-Mart Stores Inc. (NYSE: WMT) and Amazon.com Inc. (NASDAQ: AMZN) promoted Cyber Monday prices beginning on Black Friday. And many other retailers have also posted online flyers advertising their Cyber Monday specials. BFAds.net noted that there were fewer ad flyers this year. Dell Inc., eBay Inc. (NASDAQ: EBAY), and Toys R Us, among others, have announced special deals for Cyber Monday.
- [By Chris Lange]
eBay Inc. (NASDAQ: EBAY) released its most recent quarterly earnings report after the markets closed on Wednesday. The online auctioneer said that it had $0.49 in earnings per share (EPS) and $2.22 billion in revenue. There are consensus estimates from Thomson Reuters that called for $0.48 in EPS and $2.21 billion in revenue. The first-quarter from last year had $0.47 in EPS and $2.14 billion in revenue.
- [By Casey Wilson]
In fact, just last week, even online retailer eBay Inc. (Nasdaq: EBAY) announced that brand-new items on its deals page will qualify for a price-match guarantee.
- [By James E. Brumley]
To say eBay Inc (NASDAQ:EBAY) is a big e-commerce outfit would be a significant understatement. It’s a giant, generating $8.9 billion worth of revenue for itself over the course of the past twelve months. That’s not the head-turner though. See, that’s just the cut eBay takes for itself, which is only a nominal percentage of the total amount of business in transacts. During the same twelve months, eBay facilitated sales of $83.3 billion worth of goods. Point being, while eBay is doing well, it’s sellers are doing even better. In some cases, eBay offers a game-changing opportunity for some companies to be in business.
Up-and-coming star Namaste Technologies (OTCMKTS:NXTTF, CNSX:N) isn’t one of those companies that needs eBay on an existential basis, but now that it’s able to list its goods at the online auction site, don’t be surprised if NXTTF (or N, for investors in Canada) sees a skyrocketing top line.
Namaste Technologies sells electronic vaporizers, which are more commonly categorized as electronic cigarettes (or e-cigs). Though initially intended as a means of avoiding tobacco smoke without giving up nicotine, it was only a matter of time before the idea was adapted and new technologies were developed to vaporize whatever it is people choose to smoke. Marijuana was an obvious good-fit candidate for the idea, and Namaste Technologies is simply capitalizing on that growing opportunity. The end result: Namaste now operates more than 30 e-commerce retail stores (with monthly traffic of over 550,000 visitors) in 20 countries targeting both medical and recreational users.
Those who know the story of the advent of marijuana’s legalization and/or those who know eBay inside and out will know that eBay doesn’t allow listings of such paraphernalia… or at least didn’t. That changed in October, when eBay opened up its doors – selectively – while opening up a whole new product category called “Vape Pens, E-Cigarettes & Accessories.”