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Report: EBay resets passwords; will sell auto services


San Jose, Calif. – EBay has had success with the password reset it launched in May 2014, following the public revelation of a February 2014 security breach that may have exposed user information. According to Bloomberg, more than half of EBay’s existing 149 million customers have returned since the rest, and the company has also experienced 10-15% growth in new customers since that time.

In addition, EBay reportedly plans to start testing the sale of auto mechanic services in a couple of unspecified U.S, cities in fall 2014. EBay executives also told Bloomberg that the company expects consolidation among e-commerce companies and may pursue strategic acquisitions as a result.

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