We want to clarify that IG International does not have an official Line account at this time. We have not established any official presence on Line messaging platform. Therefore, any accounts claiming to represent IG International on Line are unauthorized and should be considered as fake.
CFDs are complex instruments. 72% of retail client accounts lose money when trading CFDs, with this investment provider. You can lose your money rapidly due to leverage. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money. CFDs are complex instruments. 72% of retail client accounts lose money when trading CFDs, with this investment provider. You can lose your money rapidly due to leverage. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money.

Ebay sues Amazon over ‘poached sellers’ campaign

Ebay has filed a lawsuit against online retailer Amazon over an ‘orchestrated’ campaign to steal sellers from its site.

Aaran Fronda AFronda_IG
Financial writer, London

Publication date : 2018-10-18T15:20:26+0100

eBay

Source: Bloomberg

Online marketplace eBay (NASDAQ:EBAY) has filed a lawsuit with US courts against online retailer Amazon (NASDAQ:AMZN), accusing its rival of using its internal messaging system to lure sellers away from its platform.

According to the filing, Amazon employees allegedly created eBay user accounts and sent sellers on the site messages with the aim to entice to sell their products on Amazon, which eBay claims is a breach of its user agreement.

'Unscrupulous conduct' by Amazon

Ebay labelled its rival's actions an ‘orchestrated, coordinated, worldwide campaign’ to ‘illegally lure eBay sellers to sell on Amazon’.

Amazon has begun an investigation over the allegations made against it.

Ebay was made aware of the issue after one of its sellers contacted the company after receiving messages from an Amazon employee attempting to recruit sellers.

‘We have uncovered an unlawful and troubling scheme on the part of Amazon to solicit eBay sellers to move to Amazon’s platform,’ eBay said in a statement.

‘We have demanded that Amazon end its unlawful activity and we will take the appropriate steps, as needed, to protect eBay.’

This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.

Find articles by writer

The risks of loss from investing in CFDs can be substantial and the value of your investments may fluctuate. 72% of retail client accounts lose money when trading CFDs, with this investment provider. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how this product works, and whether you can afford to take the high risk of losing your money.

CFD Accounts provided by IG International Limited. IG International Limited is licensed to conduct investment business and digital asset business by the Bermuda Monetary Authority.

IG provides an execution-only service. The information in this site does not contain (and should not be construed as containing) investment advice or an investment recommendation, or an offer of or solicitation for transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result.

The information on this site is not directed at residents of the United States and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

IG International Limited is part of the IG Group and its ultimate parent company is IG Group Holdings Plc. IG International Limited receives services from other members of the IG Group including IG Markets Limited.