EBay Inc plans to cut its workforce by 10 percent and expects to exceed its third-quarter earnings forecast, the online auction Web site said on Monday as its shares rose nearly 2 percent in pre-market trading.
Tokoni, a community site for "sharing stories," has formally launched after nearly a year of public beta. It has taken investment backing from eBay as well as the auction giant's founder, Pierre Omidyar, and was founded by former eBay executive Mary Lou Song and Alex Kazim, former president of the eBay-owned Skype.
Some people who sell things on eBay are fed up with new rules the company has been imposing in hopes of making the auction site more attractive to online shoppers.
