eBay's Trading Volume Surges 49.69% to $465 Million, Ranks 185th Despite Stock Price Dip

On May 28, 2025, eBay's trading volume reached $465 million, marking a significant 49.69% increase from the previous day. This surge placed eBay at the 185th position in the day's stock market rankings. However, despite this impressive volume, eBay's stock price experienced a slight decline, falling by 0.06%.

eBay has announced significant job cuts at TCGplayer, its card authentication center in Syracuse, New York. The company is laying off 220 workers, citing a consolidation move to Kentucky. This decision has sparked controversy, with the TCGplayer union accusing eBay of union-busting tactics. The move is expected to impact over 200 employees, who will lose their jobs as a result of the consolidation.

In addition to the job cuts at TCGplayer, eBay has also announced the phased shutdown of its Research and Development operations in Israel. This decision will result in the loss of over 200 jobs by the first quarter of 2026. The shutdown is part of a broader restructuring effort by eBay, which has already laid off employees in Israel in previous years. In 2023, eBay laid off 30 employees, and in early 2024, another 20 employees were let go. These job cuts are part of eBay's ongoing efforts to streamline its operations and reduce costs.