Value Added Resource Week In Review 10-9-22

Liz Morton ~ Founder
Liz Morton ~ Founder


Welcome to the Value Added Resource ecommerce news week in review!

We'll kick things off with two stories that gained major media coverage this week.

PayPal came under intense fire across social media regarding updates to their Acceptable Use Policy that explicitly prohibit "the sending, posting, or publication of any messages, content, or materials" that PayPal deems harmful or objectionable, raising some serious free speech concerns.

PayPal Updates Acceptable Use Policy Raising Cancel Culture Concerns
PayPal updates Acceptable Use Policy in reaction to recent account closures that some call “cancel culture.”

And in other major news, Poshmark has been acquired by Korean internet company Naver in $1.6B deal to take the company private.

Korean Internet Company Naver to Acquire Poshmark for $1.6B
Korean Internet Company Naver to Acquire Poshmark for $1.6B

eBay News

eBay upset some sellers this week with the sudden announcement they are discontinuing the free native Shopify app. Sellers who used it to cross post and sync items from their Shopify stores to eBay will now have to do the work manually or pay for alternative 3rd party apps.

eBay Is Shutting Down Shopify App
eBay is shutting down their native Shopify app effective Dec 31, 2022.

Changes are coming to how Promoted Listings ads display in search results according to Pravesh Katyal, Director of Product, Search Ads in his presentation at eBay Open 2022.

eBay Promoted Listings Search Placement Changes On Horizon
Change is coming to how eBay displays Promoted Listings ads in search - presentation at eBay Open 2022.

Director of Trading Cards Bob Means and Director Product Management Collectibles Rick Ung hosted a Reddit AMA this week about the future of The Hobby.

eBay Collectibles Hosting Reddit AMA About Trading Cards
eBay to host Reddit AMA Ask Me Anything with Dir Trading Cards Bob Means & Dir Product Management Collectibles Rick Ung.

eBay snagged two new VPs from Facebook this week. Aaron Carámbula makes his eBay debut as VP User Experience Design and Gene Cooke, the new Vice President Collectibles, is a boomerang rehire who previously worked at eBay from 2003 - 2015.

eBay Snags VPs For Collectibles & UX Design From Facebook
eBay snags new VPs from Facebook - Gene Cooke for Collectibles & Aaron Carámbula for UX Design

Other Ecommerce News

Amazon is walking back controversial extended holiday returns policy that was set to take effect this week in response to seller feedback.

Amazon Walks Back Extended Holiday Returns
Amazon walks back extended holiday return policy in response to seller feedback.

In corporate news, Amazon instituted a hiring freeze for its corporate retail operations through the end of the year - the latest tech company to undergo some belt tightening as the pandemic-fueled ecommerce boom wanes.

Amazon Institutes Hiring Freeze Through End Of Year
Amazon is the latest tech company to pull back on hiring as pandemic-fueled ecommerce boom wanes.

Etsy faced criticism from sellers wondering why Canadians impacted by Hurricane Fiona were not given the same protection and consideration as Floridians impacted by Hurricane Ian.

Etsy Offers Help For FL Sellers, But Not Canadians Impacted By Storms
Etsy defers billing & freezes Star Seller ratings for FL sellers due to Hurricane Ian, but what about others?

And finally, StockX had a major leaked coupon snafu causing them to cancel over 50,000 orders rather than face an estimated $5 Million loss. 🤯

StockX Cancels 50,000 Orders Due To Leaked Discount Code
Sneaker marketplace StockX is in hot water after cancelling over 50,000 sales due to a leaked discount debacle.

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Week In Review