eBay reported a loss of a huge $936m – due to the recent huge write-down of Skype value. However otherwise theu showed some good signs, and some not so good signs.
Good – PayPal made $470m of revenue – up 35%
Not so good: Auctions (marketplaces) listings fell 5%, and GMV (the value of stuff that sells) rose only 14%. That’s a really low figure in this space.
and – signs of panic. eBay USA/Canada is reducing listing fees by 3% from now until November 5th. (50% if strt price is under $1).
This seems to go against their desire to reduce the amount of stagnant listings from huge sellers.
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