Shift To Online Marketplaces To Help eBay’s Stock?

Despite doubling from its March lows of this year, at the current price near $52, we believe eBay’s stock (NASDAQ: EBAY) is undervalued. eBay’s stock has rallied from $26 to $52 off the recent bottom compared to the S&P 500 which has risen by 50% from its recent bottom. The stock was able to beat the broader market in the last 6 months as the US government announced a string of measures along with stimulus packages announced in other economies to keep businesses afloat. eBay benefited additionally because (1) people were preferring online marketplaces which saw its merchandise volumes grow in double-digits even in April and May, and (2) eBay’s reached a deal to sell its classified business to Adevinta

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Tokio Marine Indonesia Implements Shift Technology To Fight Auto Insurance Fraud

Shift’s Force Fraud Detection Solution to Support Insurer’s Overall Fraud Fighting Initiatives

PARIS and BOSTON, Sept. 29, 2020 /PRNewswire/ — Shift Technology, a provider of AI-native fraud detection and claims automation solutions for the global insurance industry, today announced that PT Asuransi Tokio Marine Indonesia (“Tokio Marine Indonesia”) has deployed Shift Technology’s Force fraud detection solution. As a result, the technology will become a crucial element in the insurance carrier’s overarching fraud prevention strategy.   

Shift Technology (PRNewsfoto/Shift Technology)
Shift Technology (PRNewsfoto/Shift Technology)

Tokio Marine Indonesia is one of the largest general insurers in the country. Guided by its core mission “To be a Good Company” and driven by values that put customer satisfaction as a main priority, the insurer was seeking a solution that could serve a dual purpose and not only spot suspicious claims, but also help give claims professionals more confidence in rapidly processing legitimate claims. Utilising this technology benefits the

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Russia’s Sberbank bets big on strategy shift

By Alexander Marrow

MOSCOW (Reuters) – Sberbank <SBER.MM>, Russia’s dominant lender, is planning one of the biggest reinventions in its 179-year history as it seeks to join the likes of Apple and Google in the global pantheon of Big Tech.

The company, which is dropping the word “bank” from its logo as part of this drive, gave Reuters a preview of the devices it has developed to lead its charge – including a TV streaming box, virtual assistant and smart speaker – ahead of their official unveiling on Thursday.

Sberbank’s Chief Technology Officer David Rafalovsky also said in an interview that it was launching “SmartMarket”, an equivalent to Apple’s AppStore or Google Play.

“It’s a huge investment, not a big investment. Even for a successful company, it’s a huge investment,” he said about the new range of gadgets and tech services, a potentially risky bet in an increasingly competitive market

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FOCUS-‘We’re a tech company’: Russia’s Sberbank bets big on strategy shift

By Alexander Marrow

MOSCOW, Sept 24 (Reuters)Sberbank SBER.MM, Russia’s dominant lender, is planning one of the biggest reinventions in its 179-year history as it seeks to join the likes of Apple and Google in the global pantheon of Big Tech.

The company, which is dropping the word “bank” from its logo as part of this drive, gave Reuters a preview of the devices it has developed to lead its charge – including a TV streaming box, virtual assistant and smart speaker – ahead of their official unveiling on Thursday.

Sberbank’s Chief Technology Officer David Rafalovsky also said in an interview that it was launching “SmartMarket”, an equivalent to Apple’s AppStore or Google Play.

“It’s a huge investment, not a big investment. Even for a successful company, it’s a huge investment,” he said about the new range of gadgets and tech services, a potentially risky bet in

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