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- Is eBay's Next Big Thing Already Here?
eBay bought Depop, a brand popular with younger consumers, for $1.4 billion in cash, closing the deal on July 30, 2026, and management expects it to start adding to adjusted operating profit in 2028. Depop's buyer count rose from about 7 million when the deal was announced to close to 9 million by the end of June, while eBay's consumer-to-consumer GMV grew over 20% in the June quarter, outpacing total GMV growth of 14%. Management expects Depop to add roughly 1 percentage point to eBay's 2026 revenue growth but to hold back adjusted operating income growth by about 2 points against guidance of 10% to 12%. Excluding Depop, management guides third-quarter revenue growth of about 7% to 9%, versus 14% in the June quarter, mainly due to lapping last year's gains. eBay stock returned 30.1% over the past year, compared with 16.5% for the S&P 500.
- Phúc Long hits record revenue after Masan's takeover
Phúc Long Heritage posted third-quarter revenue of VND 589 billion, up more than 14% and its highest since Masan began consolidating it, driven by delivery channels and better store performance. Quarterly EBITDA reached VND 107 billion, up nearly 15%, marking the third straight quarter with EBITDA in the hundreds of billions of dong. For the first nine months, revenue rose more than 24% to VND 1,708 billion, EBITDA climbed nearly 32% to VND 335 billion, and after-tax profit reached VND 207 billion, up 46% and already exceeding the VND 195 billion earned in all of last year. The chain opened 26 stores in the quarter, bringing its standalone total to 239, and 44 in nine months, within its 40-50 target for 2026.
- Stord acquires e-commerce competitor AMS Fulfillment in large deal
Stord, a fast-growing e-commerce logistics provider, has made its largest acquisition since its founding 11 years ago by buying AMS Fulfillment, which processes online orders for more than 150 beauty, wellness and direct-to-consumer brands. The price was not disclosed, but Stord said it was in the nine-figure range. The deal adds 10 warehouses with nearly 1.3 million square feet across Los Angeles, Salt Lake City and Philadelphia, taking Stord's global network to more than 100 own-controlled and partner locations. Stord says it handles more than $15 billion in gross merchandise value annually for over 1,000 e-tailers, and that its revenue has grown 10-fold over four years to approach $1 billion. The company raised $250 million in venture funding in May at a $3 billion valuation and is using the capital to expand its network and invest in robotics and AI.
- eBay Jumps 5% on Takeover Speculation; Etsy Rallies 7%, Shopify Holds Flat
eBay shares rose 5% to $122.87 in midday trading, with traders attributing the move to unconfirmed speculation that GameStop has built a stake in eBay and could pursue a takeover; neither company has confirmed this or announced any transaction. Etsy gained 7% to $89.07, while Shopify slipped 0.2% to $172.20, and the Amplify Online Retail ETF rose 3% to $70.81 while the SPDR S&P 500 ETF was flat at $769.31, showing the rally is concentrated in online marketplaces. Morgan Stanley analyst Nathan Feather named eBay a top pick on October 12, keeping an Overweight rating and raising his price target to $132, citing eBay's live-commerce business. The article notes that the analyst support stands on its own, while the takeover speculation could reverse quickly if denied or if the chatter fades.
- Why Is Kroger (KR) Cutting 3,000 Jobs While Facing A $9 Billion Lawsuit?
Albertsons is suing Kroger for more than US$9 billion in damages over their failed merger, alleging Kroger breached its merger obligations after regulators blocked the deal. The dispute between the two grocers has escalated. Separately, Kroger plans to cut about 3,000 corporate roles over three years as it expands AI-driven operations.
- AI stocks recover some losses ; rest of market shaky | The Arkansas Democrat - Gazette
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Apple's first foldable smartphone, the iPhone Duo, goes on sale Friday at a starting price of $1,999, but supply is tight. Pre-orders sold out almost immediately and delivery times now stretch into late January, while Apple Stores have only limited units for walk-in customers. Scalpers are reselling the phone on sites like eBay for more than $4,000. The iPhone generated $209.58 billion of Apple's $416.16 billion revenue in 2025, well ahead of Services at $109.15 billion.
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Hosts Julie Hyman, Pras Subramanian and Jake Conley discuss California's proposed one-time 5% billionaire wealth tax and its possible impact on Meta CEO Mark Zuckerberg. They note the tax has not passed, but say the uncertainty appears to be weighing on Meta shares. Based on the company's filings, the panel describes how Zuckerberg raised the possibility of leaving California and how the board moved to address it, which they see as evidence the board is not disinterested. They also acknowledge the argument that Zuckerberg's central role in Meta's AI efforts makes his departure a stability risk, while pointing out that Sergey Brin has left California.
- Spotify Jumps 10% as Premium Subscriber Growth Tops Forecasts; Sirius XM Stays Put
Spotify shares rose about 10% to $579.49 after the company reported Q3 2026 Premium subscribers of 306 million, 1 million above its guidance, with 6 million net additions and growth in every region. Management guided to 316 million subscribers and €820 million in operating income for Q4, and credited audiobooks with lifting acquisition and retention. Revenue rose 16.3% to $5.58 billion, but GAAP diluted EPS of $2.79 missed the $2.85 consensus due to higher share-based compensation charges, and operating expenses grew 26%. Sirius XM was roughly flat at $26.85, down 0.4%, reflecting different business models: Spotify relies mainly on streaming subscriptions, while Sirius XM sells radio subscriptions largely through vehicles.
- American Airlines Sinks 4% as Fuel Costs Push Outlook to Full-Year Loss; Delta and United Airlines Drop 3%
American Airlines fell about 4% to $11.72 after reporting record Q3 2026 revenue of $16.34 billion and an adjusted loss of $0.28 per share, smaller than the $0.33 expected. Its outlook worsened, with a full-year adjusted loss now forecast at $1 to $1.60 per share, replacing July guidance that ranged from a $0.65 loss to a $0.65 profit. The Q4 plan assumes jet fuel at $4.70 a gallon, after Q3 jet fuel costs rose 67.5% to $4.63 billion as the average price climbed to $3.85 from $2.37. Premium revenue grew 22.9% and managed corporate sales 27.6%, but the airline carries $29.6 billion in debt and finance leases against a $4.2 billion stockholders' equity deficit. Delta and United Airlines, exposed to the same fuel market, fell about 3%.
- DeepSeek Completes Nearly $15 Billion Funding Round, Largest Ever in China
Chinese AI startup DeepSeek is finalizing a funding round of about 100 billion yuan (US$14.98 billion) from existing and new investors, including Tencent and CATL, according to Reuters citing sources. The round values the company at 500 billion yuan (about $74.9 billion) before the new capital, and its size is double the initial target of 50 billion yuan. Other participants include Midea, Meituan, Geely and GigaDevice, with more than 15 investors in total. The terms and investor list are not final and the deal is expected to close within days, while DeepSeek, CATL and Tencent have not commented. The move follows DeepSeek's hiring of CITIC Securities in September to prepare a potential IPO on China's STAR Market.
- Tesla and SpaceX Held On to All 30,221 Bitcoin in Q3. Is Elon Musk Still Bullish on BTC?
As of September 30, Tesla and SpaceX together held all 30,221 Bitcoin, worth about $2.53 billion, without buying or selling any coins in Q3 2026. Tesla holds 11,509 BTC ($962 million) and SpaceX holds 18,712 BTC (about $1.57 billion). Tesla reported net income of $787 million, down 42.7% from a year earlier, and a roughly $290 million Bitcoin mark-to-market gain on its books accounted for more than a third of that figure. Bitcoin later fell back to about $81,881, roughly 35% below its October 2025 all-time high of $126,080. The article says Tesla's unchanged holdings since 2022 point to inertia rather than renewed conviction, and neither company has announced plans to buy or sell.
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