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More on eBay: Company acquires price-forecasting startup

  • uses predictive analytics to guess the future prices of various goods, and thereby allow buyers to make more informed decisions. The startup says its standalone services will be shut down as it focuses on integrating its tech with eBay's (EBAY +2%) marketplaces.
  • eBay has taken several steps to give Marketplaces users a better experience, and thereby prevent Amazon and its burgeoning 3rd-party merchant business (now responsible for 40% of its paid units) from gaining more ground. Recent changes include a new search engine (Cassini) and an image-heavy Web site redesign.
  • Previous: PayPal reportedly held buyout talks with Braintree
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