Value Added Resource Week In Review 2-4-24

Liz Morton

Published: Feb 4 2024 Updated: Feb 4 2024

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

eBay News

eBay has agreed to pay $59 Million to settle DEA allegations regarding pill presses sold on the site, in historic controlled substances act settlement.

How will enhanced compliance and reporting impact sellers on the site? Here's what you need to know about new policies coming soon as part of this DEA settlement.

eBay appears to be testing "Find Similar" for search in both desktop and mobile app experiences, but curiously this new feature seems to be based on simple text search queries, not eBay's "magical" computer vision image recognition tech.

Sellers spotted another change to eBay's feedback pages, now showing "Verified Purchase" for transactions that received feedback, but how does eBay decide which purchases are "verified"?

An eBay 1099-K snafu caused panic this week for sellers in Missouri.

We've confirmed 25 of the layoffs in Nevada were related to eBay's authentication operations - 16 warehouse workers, 8 authenticators, and an authentication specialist.

Director Global Strategy and Operations Jonathan Gunawan has been promoted to General Manager Global Sneakers at eBay.

eBay will report Q4 2023 earnings results on February 27 at 5:00 PM Eastern.

Etsy News

Etsy is getting a new board member this month as Marc Steinberg is set to join on February 5, 2024 and Elliott Management takes a sizeable 13% investment in the company.

The cat is out of the bag on Etsy's big surprise and they're pulling out all the star-studded stops with a debut Super Bowl ad and Drew Barrymore as first Chief Gift Officer.

VP Brand Marketing Brad Minor has revealed Etsy's marketing campaign for Gift Mode with a sneak peek of their big Super Bowl ad.

Etsy is also promoting a special treat for sellers to go along with the "big game" initiative with 0% in selling fee commission on orders made through Share & Save social media sharing tool from February 1-15!

Other Ecommerce News

Bonanza sellers reported being hit with unexpected fees after purchasing shipping label via approved API shipping partners, kicking off another communication crisis and further eroding seller trust in the platform.

As Bonanza founder sues current owner for failure to make payments & shipping fee shenanigans ensue - should sellers be concerned?

Amazon buyers will soon have a new way to shop in app with Rufus, an AI-powered conversational shopping assistant.

Shopify has released Editions Winter 2024 with over 100 new features and tools and a heavy focus on using AI to enhance both buyer and seller experiences.

Never miss a headline - follow Value Added Resource on Google News to keep track of all the important ecommerce marketplace news! 📰

Week In Review

Liz Morton Twitter Facebook LinkedIn

Liz Morton is a seasoned ecommerce pro with 17 years of online marketplace sales experience, providing commentary, analysis & news about eBay, Etsy, Amazon, Shopify & more at Value Added Resource!