Why is no one talking about how eBay's stock has gone down over 6% in just 5 days? It's officially down over FIFTY PERCENT compared to two years ago. We also have third quarter reports due early November. My sales are dead in the water on eBay while I've fully crosslisted everything on Poshmark and have begun getting 2-3 sales a day. So much for the "no one wants your items" shlock that some people on this board like to push.
It used to be that other sites like Mercari/Poshmark weren't worth the time to list because the only interactions I got were from bots and other resellers lowballing for my inventory. Buyers were few and far on those platforms. This year it's flipped: Ebay is the platform where most of my interactions now are resellers hoping to get garage sale prices for my goods and the buyers are all at Poshmark/Mercari!
Regardless, we're about to see big firings happening at eBay soon over this. Funny how all of this could have been avoided by simply FIXING YOUR WEBSITE.
As for potential layoffs, no inside information here but keeping an eye on the eBay careers page for the number of open positions is interesting.
https://jobs.ebayinc.com/us/en
Last year there was a major drop starting in August that showed hiring was slowing significantly if not frozen completely in some orgs and that trend accelerated up until eBay laid off about 500 people in February 2023.
This year the drop is less significant in absolute numbers simply because they never went back up to as high as they were early last year, but just in the last week or so, open positions are noticeably being reduced again.
From April through early October the number of open job positions advertised at any time had remained relatively consistent in the low 200s.
On October 19, it dipped to 196 and eBay was still showing the regional breakout like they usually do.
By October 25, it was down to 167.
Curiously, eBay has once again changed the graphic to no longer show the regional breakout. They previously removed it about a month before announcing layoffs earlier this year, then went back to showing it about a month after the layoffs.
They ended the day yesterday with only 149 open positions, down from 196 in just over a week.
Again to be clear, I'm not saying that actually says anything definitive about potential layoffs or anything else, but it's interesting (to me at least 😉) to track the trend and if I were an investor, I'd certainly be keeping an eye on it.
