Bay has announced plans to acquire Caramel, a startup that helps car sellers and buyers complete the final steps of the transaction.
Last month, online retail giant Amazon started its own “Autos” website for people to buy new vehicles from dealers (only Hyundai models to start). However, Amazon advertises that you can complete the transaction (including a vehicle trade-in) to completion and only need to pick up the car at the dealership.
Well, to you and I, caramel is a confectionery product made by heating a range of sugars. But to eBay, Caramel is a platform that handles all the behind-the-scenes work of vehicle sales, including identity verification, paperwork, ownership transfer, financing, transportation, and more.
Catherine Tsalikis was checking Amazon to see how the launch was going for her new biography of Chrystia Freeland. She noticed something odd: a book right below hers that was a shadow of the real thing.
A former warehouse supervisor was sentenced to prison after officials say he stole $2 million worth of Fitbit devices and sold them on eBay. The 40-year-old man was a supervisor at a third-party distribution center for Amazon in Indianapolis, according to a criminal complaint.
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A ban on knife sales to under-18s has proved far from effective, with authorities finding time and again that “far too many” are being sold illegally.
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Through an internal investigation, Amazon discovered that the missing devices were associated with bulk purchase orders that had moved through a Plainfield warehouse, authorities said.
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