Ebay, Online Auction | featured news

After a three year investigation and countless complaints, a south Florida man will spend 5 1/2 years behind bars for running one of the largest eBay scams in the history of eBay. The details of the massive operation include, hundreds of auction accounts, multiple identities and constantly changing PO Boxes.

EBay's profit nearly quadrupled on strength in PayPal and the core marketplace business as well as a $1.4 billion gain from the selling a majority stake in Skype.

EBay has put its former chief executive, Meg Whitman, on the witness stand on Monday to make the case that Craigslist unfairly denied the Internet giant a seat on its board.

Internet auction and services company EBay Inc has reached a deal to sell its online telephony unit Skype to a group of private investors, the New York Times said, citing two people briefed on its plans.

GM and eBay will launch a pilot program Tuesday that will allow consumers to place online bids for new vehicles from GM dealers in California.