Osaka Prefectural Police arrested a 44-year-old man for trademark infringement for using logos similar to those registered by US companies on an auction site. The suspect allegedly sold over 5,000 educational software licenses, earning approximately 25.5 million yen.
Costco channels returned, damaged, and unsold appliances through a secret B2B online auction platform called 'Costco Wholesale Liquidation Auctions,' managed by B-Stock Solutions. Only resellers with permits can bid, and items cannot be resold within 5 miles of a Costco store, leading them to online marketplaces or liquidation stores.
The ‘meme stock’ company is remembered for Reddit traders sending its share price into orbit but its move on the auction site looks less likely to take off“Neither credible nor attractive.” No, not a line from a junior minister’s resignation letter on Tuesday. It was eBay’s succinct appraisal of the bizarre $55.5bn (£41bn) takeover offer from video games retailer GameStop, an affair that offers light distraction from the sight of UK 10-year gilt yields at 5%-plus.To recap: GameStop is the “meme stock” company that became famous a few years ago when amateur traders on a Reddit forum piled in furiously in an attempt to burn the short-sellers who were betting on the struggling retailer’s demise. Surprisingly, the Redditers succeeded beyond their wildest dreams. The squeeze drove up GameStop’s share price hundredfold, inflicting hell on serious hedge funds and making the company’s chief executive, Ryan Cohen, an anti-establishment hero. Continue reading...
GameStop's $55.5bn takeover bid for eBay has been rejected as 'neither credible nor attractive' due to concerns over funding and strategy
