Five At Five: eBay Calls Out Amazon

Welcome to Five at Five, your late look at the day’s payments and commerce news. Today’s coverage includes tension between two big online players, along with a major joint venture dedicated to mobility services. U.S. holiday sales are set for a boost, Facebook faces more hacking fallout and IPOs in the U.K. face significant challenges.

CEO Wants eBay To Become The Anti-Amazon

Online retailer eBay has accused Amazon of illegally targeting its best sellers in an effort to get them over to the eCommerce giant’s site.

Toyota, SoftBank Team To Create New Mobility Services

The companies said they plan to create a joint venture company to be called MONET Technologies Corp. before the end of the fiscal 2018 year.

U.S. Holiday Sales Expected To Get Almost 5 Percent Boost

The National Retail Federation revealed that holiday sales growth will be higher than the average increase of 3.9 percent over the past five years. However, sales will grow at a slower pace than the 5.3 percent growth the retail market saw one year ago.

EU Regulator Opens Facebook Cyberattack Investigation

Under GDPR, companies that fail to safeguard their users’ data could face a maximum fine of €20 million ($23 million), or 4 percent of a firm’s global annual revenue for the prior year, whichever is higher.

UK IPO Market Could Dry Up For Remainder Of The Year

Aston Martin and Funding Circle, two high-profile companies that went public in London, aren’t faring well as public companies — which bankers in the U.K. warned could hurt future IPOs for the remainder of this year.


Latest Insights: 

Facebook is a giant in the ad game, with 2.3 billion active monthly users and $16.6 billion in quarterly advertising revenue. However, its omnipresence makes it a honeypot for fraudsters. In this month’s Digital Fraud Report, PYMNTS talks with Rob Leathern, Facebook’s director of product management, on how the site deploys automated systems and thorough advertiser vetting to close the lid on fraudster attempts.


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