**eBay Authorizes $3 Billion Stock Repurchase Program**

eBay Inc. (NASDAQ:EBAY) made a significant financial move as disclosed in its recently filed 8-K form with the United States Securities and Exchange Commission. On December 12, 2024, the company’s Board of Directors greenlighted an incremental $3.0 billion under its existing stock repurchase program, adding to the funds previously sanctioned for this purpose.

This stock repurchase program, which now boasts an additional $3.0 billion, has no set expiration date from the authorization day, providing eBay with flexibility in optimizing its capital structure. The program enables eBay to buy back its shares on the open market, a strategic move often aimed at bolstering shareholder value.

It’s pertinent to note that eBay retains the right to limit or cease the stock repurchase initiative at its discretion and without prior notification. The actual quantity of shares repurchased and the timing of these transactions will be determined by a blend of factors, encompassing regulatory requirements, prevailing market conditions, stock prices, and the company’s assessment of optimal cash utilization.

Moreover, in regulatory compliance, eBay emphasized that the information presented in this report is furnished and should not be considered as “filed” or integrated by reference into any future eBay Inc. filings under the Securities Act of 1933 or the Securities Exchange Act of 1934, unless explicitly stated otherwise in such documents.

The authorized stock repurchase underscores eBay’s commitment to efficiently managing its capital allocation strategy, potentially signaling confidence in the company’s financial position and future prospects. Investors will likely keep a close eye on eBay Inc. as the stock repurchase program unfolds in the coming quarters.

The current report was signed on behalf of eBay by Samantha Wellington, the Senior Vice President, Chief Legal Officer, and Secretary, on December 16, 2024.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read eBay’s 8K filing here.

eBay Company Profile

eBay Inc, together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company’s marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.