The remainder buy pallets and give you estimated MSRPs and tell you will be rich. You go out to garage sales and flea markets, buy up sub $50 items that you can make $10 on and broadcast from a shed. The rest of that article says that eBay only sustains itself due to the stock buy backs and that at current rates they may not be able to do that much longer - OUCH.Īlot of people here live in a dream world - the same dream world that most eBay Youtubers do. I read it and many others - and they are FRIGHTENING. Nothing positive ever comes out of these meetings - its just more theft, fraud and BS.Ĭan we get the new Walkers lite dinner menu (at least) please? Though a value stock on paper, trading at less than a eBay follows amazon's lead, consolidating & destroying the refurbished marketplace - > "Year to date, shares of eBay have lost 40% of their value. But now in the post-pandemic era, eBay is struggling with a sharp deceleration in marketplace results as well as re-affirming its place in a world dominated by Amazon (AMZN). The internet auction site, one of the earliest internet crazes to spring out of Silicon Valley, saw a brief resurgence during the pandemic when online shopping (particularly for collectibles) spiked. "Very few tech companies have been able to prove that they have an extended shelf life, and unfortunately, it seems that eBay (NASDAQ:EBAY) is not one of them. "eBay has continued to see declining GMV and revenue trends, driven by a drop in consumer spending." "With declining margins and cash flow, the company's capital returns may also have to slow down." "Already down 40% year to date, there are only a few catalysts that can spark a rebound for eBay."Īnd thats not ME speaking - thats Wall Street (since there are people here who think that my goal in life is to pick on eBay)(well its easy they are low hanging fruit and the most open mafiaosos in the biz)(That doesnt let Amazon off the hook AT ALL btw) Pay for Play is strong in San Jose (maybe next quarter they can have a 23 cent dividend and then all the Wall Street monkeys can bang their cups on the bars and call it a Christmas miracle (once again). If you read Iannone's transcript to Wall Street (a few days ago) then you know that the emperor continues to not have new clothes, and will not for the foreseeable future.Īrticles looking at eBay as a company have titles like "eBay: This Story Is Getting Tougher" and "eBay: A Value Trap With Poor Growth" - and changing the figurines category wont change ONE thing - ie it wont increase sales.īuyers cant find what they are looking for because of how eBay shows listed items. At least it doesnt talk about ANYTHING that sellers even remotely care about or asked for. Trying to match the Queens funeral with all its pomp and circumstance, eBay is creating a conference that talks about nothing. It was a funny concept - just have a show where nothing major happens and film it as if it was Blair Witch (that wasnt scary - Texas Chainsaw 2 was). People laughed when Seinfeld and George wanted to make a show about nothing. Tracking eBay Changes Coming Out of Today's Seller Conference
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