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eBay (NASDAQ:EBAY) partners with FedEx Corporation (NYSE:FDX) to enable merchants to print FedEx labels at home at rates discounted up to 37 percent. The company is also working with Pitney Bowes (NYSE:PBI) to supply world tracking and duty rate estimates. Some 40 percent of sellers on eBay already employ its label-printing services and 50 percent of its third quarter sales involved free shipping. Any savings in costs for such deals increase a seller’s bottom line. Additionally, eBay’s third quarter sold items rose by 19 percent year-over-year due to growing mobile activity.
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Yelp (NYSE:YELP) shares jumped on Wednesday on word of its Qype purchase, along with Facebook’s (NASDAQ:FB) third quarter results, but are going the other way on Thursday. There exists a number of likely reasons including the announcement by Blue Calypso that it is suing Yelp, which is only one of its several targets. Also, a few insiders own the majority of outstanding shares, short interest in the shares is heavy, and third quarter figures are due on November 1st.
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