Business
eBay Acquires 3PM Shield to Bring Advanced Marketplace Compliance Technology In-House
3PM Shield's monitoring technology will simplify policy compliance for sellers, and keep eBay a trusted marketplace SAN JOSE, Calif., Feb. 13, 2023
About this update from Ebay Inc.
[{"type":"text","content":"3PM Shield's monitoring technology will simplify policy compliance for sellers, and keep eBay a trusted marketplace \nSAN JOSE, Calif., Feb. 13, 2023 /PRNewswire/ -- eBay Inc. (Nasdaq: EBAY), a global commerce leader that connects millions of sellers and buyers around the world, and 3PM Shield LLC, a provider of advanced AI-based marketplace compliance solutions, today announced that eBay has acquired 3PM Shield.\n\n \n \n \n \n \n \n\n \nThis further enhances eBay's world-class monitoring solutions with new technologies designed to prevent the sale of counterfeit items, unsafe products and illegal goods.\nBringing 3PM Shield to eBay is part of eBay's ongoing commitment to provide sellers and buyers with a safe and trusted platform enabled by technology. 3PM Shield enhances eBay's ability to address suspicious or harmful seller behavior, and potentially problematic items.\n\"It is a top priority to help ensure that eBay remains a safe and trusted environment for our global community of sellers and buyers, particularly to prevent counterfeits and unsafe or illegal products,\" said Zhi Zhou, Chief Risk Officer at eBay. \"3PM Shield has been a valued and effective external partner in helping eBay tackle these challenges and we look forward to unlocking additional capabilities as we bring their technologies in-house.\"\n\"3PM Shield was founded to provide next-generation eCommerce monitoring to protect trust in the buyer and seller relationship,\" said Robert Dunkel, founder and CEO, 3PM Shield. \"We're proud to partner with eBay, and I am excited that eBay's investment will help us accelerate the impact of our cutting edge technology to combat counterfeits, unsafe products and illegal items.\"\nDetails on the TransactioneBay has acquired 3PM Shield LLC, also known as 3PM Solutions, and the deal has closed as of February 9, 2023. Further details were not disclosed.\nAbout eBayeBay Inc. (Nasdaq: EBAY) is a global commerce leader that connects people and builds communities to create economic opportunity for all. Our technology empowers millions of buyers and sellers in more than 190 markets around the world, providing everyone the opportunity to grow and thrive. Founded in 1995 in San Jose, California, eBay is one of the world's largest and most vibrant marketplaces for discovering great value and unique selection. In 2021, eBay enabl...