EBay Inc (NASDAQ:EBAY) Says “Sorry” For Putting Up Holocaust’s Memorabilia Items On Sale

Posted by Peter Lauro November 6, 2013 0 Comment 1347 views

EBay Inc (NASDAQ:EBAY), one of the leading online retailer, has reportedly apologized for putting up Nazi Holocaust’s memorabilia for sale on its site. Following several reports that said some of the concentration camp victim’s items are on sale on eBay, the e-commerce company removed approximately 30 items from its listings related to Holocaust’s memorabilia.

Most of the items that are removed from the site include clothes of concentration camp victims. Items included a suitcase and shoes from camp prisoners, a uniform of a Polish baker who died, and Star of David armbands that Jews were forcefully asked to wear.

EBay announced that it had delisted 30 items from its website and donated approximately 25,000 pounds to a charity.

In a statement, eBay said, “We are very sorry these items have been listed on eBay and we are removing them. We don’t allow listings of this nature, and dedicate thousands of staff to policing our site and use the latest technology to detect items that shouldn’t be for sale. We very much regret that we didn’t live up to our own standards. We have made a donation to charity to reflect our concern.”

On Wednesday, eBay Inc.’s shares crossed above their 200 day moving average of $53.71, going as high as $53.82 per share.

eBay Inc is a global online selling platform commerce through three segments,

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including Marketplaces, Payments, and GSI. The company provides online platforms, tools and services to help merchants engage in online and mobile commerce and payments, and eBay

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can facilitate transactions. The company’s source of revenue also comes from marketing services, classifieds and advertising. On September 6, 2013, eBay bought Decide Inc. and on October 22, 2013, the company purchased Shutl Ltd.

EBay’s developer community includes more than 800,000 members. Recently, rival Amazon.com, Inc. (NASDAQ:AMZN) in order to enhance its mobile developers community added two more services Analytics and A/B Testing services — a cross-platform that enable developers run tests to optimize their applications and games across Android, iOS, and Fire OS.

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