eBay

fairdeal*lb · ‎02-23-2022

CNBC contributor just said "bleak futures versus box stores along eBay international failing".. I have to ask- will eBay continue to go after sellers with even more fees to cover another round of corporate failures?

espresso_warehouse · ‎02-23-2022

@chapeau-noir wrote:
eBay has had a contracting platform for a while for all sorts of reasons, many of them organic (competition, changes in supply, demographics, infrastructure etc.). I don't see the piece of paper we're getting to help pay our taxes having much of an effect, because I actually doubt that the impact of these sellers bailing, if they bail, is going to make that big of a difference. The US only comprises 25% of eBay's market as it is.

Etsy's demise was predicted when they dropped free-standing Paypal shops in favour of going 100% for Etsy Payments. 50,000 shops closed. Nobody even noticed.

What's happening to eBay is a lot bigger than some sellers who don't want to have to pay taxes, or are moving or quitting anyway, and it has been on a trajectory (interrupted by the pandemic) for some years now.

This site has problems a lot bigger than bits of paper. This: Chief Executive Officer Jamie Iannone maintains the company’s advertising and payments businesses can boost profits even if total spending on the site falls. Being one of them. Cannibalizing the site isn't going to last long.

Etsy's stock is down over 70%.

It's safe to say someone noticed. People predicted things before and were wrong. That doesn't mean predictions will be wrong forever.

It's worth noting that pointing out current problems isn't a prediction, either. There is trouble in the here and now. Do we really think it's going to get better for eBay? The thing is, I hope it does.

coolections · ‎02-23-2022

@espresso_warehouse

Now is the time to buy. You should know that as an investor. If I where you I would purchase at a minimum $50 K.

espresso_warehouse · ‎02-23-2022

@coolections wrote:
@espresso_warehouse
Now is the time to buy. You should know that as an investor. If I where you I would purchase at a minimum $50 K.

I genuinely do not think you should do that. You are just gambling.

eBay doesn't have a viable forward plan. All they are doing is milking sellers who haven't left yet. There are far better investments.

skatefool · ‎02-23-2022

@coolections wrote:
@espresso_warehouse
Now is the time to buy. You should know that as an investor. If I where you I would purchase at a minimum $50 K.

Sure... just like Sears, whose champions thought Eddie Lampert was a genius all the way down to $0 -

tsme35 · ‎02-23-2022

Only thing that kept ebay alive was the virus, it was spiraling back in 2019, their not fixing the site, just adding more useless programs after another. I always thought for the last 15+ yrs it be ebay that would kill my business, constant changes but have roll with all the punches, in all honesty its the USPS that will be the last nail. Come April my inventory will be cut down to 30% of what I could have sold 5 yrs ago. I'll keep going as long as I can, I don't have a choice being disabled, my next step is SSI

divwido · ‎02-23-2022

Russia is invading Ukraine. Everything is tanking. War does that.

Good Moms let you lick the Beaters.

Great Moms turn them off first.

dbfolks166mt · ‎02-23-2022

The fourth quarter report and the stock price drop are a little bit separate from the Russia invasion. The tank is in response to the release of the 4th quarter report. Everything has dropped a bit since the Russian invasion but that is only one factor that is impacting the markets. For the year the DJIA is still up 5% YOY and about 60% over the last 5. Market corrections happen all the time and it is generally a longer term investment. It does carry more risk but it also has the potential for some high returns.

magicjohnsonsvariety · ‎02-23-2022

@fairdeal*lb wrote:
eBay Warns Investors It’s Still Losing Customers

eBay headquarters in San Jose, California.
Photographer: David Paul Morris/Bloomberg
By
Spencer Soper
February 23, 2022, 4:29 PM EST

Follow the authors
@spencersoper
+ Get alerts for Spencer Soper

EBay Inc. warned investors that first-quarter sales will miss estimates as shoppers return to pre-pandemic spending habits.
The shares fell about 12% in extended trading.

Sales will be $2.43 billion to $2.48 billion in the period ending in March, the San Jose, California-based company said Wednesday in a statement. Analysts, on average, estimated $2.6 billion, according to data compiled by Bloomberg. Earnings, excluding some items, will be $1.01 to $1.05 per share, missing estimates of $1.07.
The momentum EBay gained during the pandemic when people abandoned stores for websites has been fading as shoppers return to in-person browsing and buying. Chief Executive Officer Jamie Iannone maintains the company’s advertising and payments businesses can boost profits even if total spending on the site falls.

The shares fell to a low of $47.72 in extended trading after closing at $54.59 in New York. The stock has dropped more than 11% over the past 12 months.

EBay ended the quarter with 147 million active buyers, down 9% from a year earlier. Gross merchandise volume, which is the value of all goods sold on the site, fell 10% to $20.73 billion in the period ended Dec. 31.
EBay has been divesting pieces of itself to appease activist investors discouraged by slow growth. In November, EBay said it completed the sale of just more than 80% of its South Korean online marketplace to local retailer E-Mart Inc. for $3 billion.

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Shut down a whole category (Adult) and ebay wonders why they've lost customers??...

Pair this with the new 1099k reporting along with most likely the worst customer service in the world and this stock crash was as predictable as turkey on Thanksgiving.

gracieallen01 · ‎02-23-2022

Does anyone know if ebay got it's option to buy up to 5% of stock in Adyen (it was in their original contract, if they met the tranches)?

Not saying 'NO' doesn't mean 'YES'.

The foolishness of one's actions or words is determined by the number of witnesses.

Perhaps if Brains were described as an APP, many people would use them more often.

Respect, like money, is only of 'worth' when it is earned - with all due respect, it can not be ordained, legislated or coerced. Anonymous

dbfolks166mt · ‎02-23-2022

You also have to look at the continually growing list of things you cannot sell on eBay. The influx of all the counterfeit items flowing out of China and Russia some of which get stopped along with a lot of genuine products that are getting incorrectly flagged as counterfeit. The marginal success of the authentication programs the continual number of "glitches" in their IT systems and one has to wonder how they have done as well as they have. If their IT systems cannot correctly handle the Federal and State mandated 1099 reporting requirements in a competent manner what chance does the rest of their configuration management have of minimizing impacts to the sellers and buyers.

One thing that has become increasingly popular in my area is the online sales companies will allow an individual to utilize the site to setup and run their own auction loading up the site with the items, descriptions, pricing, etc. The company charges a minimal fee for the use of the site and processing the financial transactions but the individual seller handles all the setup and logistics associated with the actual sale. There are few if any restrictions on what you can sell as long as it is legal.

chapeau-noir · ‎02-23-2022

@espresso_warehouse wrote:
@chapeau-noir wrote:
eBay has had a contracting platform for a while for all sorts of reasons, many of them organic (competition, changes in supply, demographics, infrastructure etc.). I don't see the piece of paper we're getting to help pay our taxes having much of an effect, because I actually doubt that the impact of these sellers bailing, if they bail, is going to make that big of a difference. The US only comprises 25% of eBay's market as it is.

Etsy's demise was predicted when they dropped free-standing Paypal shops in favour of going 100% for Etsy Payments. 50,000 shops closed. Nobody even noticed.

What's happening to eBay is a lot bigger than some sellers who don't want to have to pay taxes, or are moving or quitting anyway, and it has been on a trajectory (interrupted by the pandemic) for some years now.

This site has problems a lot bigger than bits of paper. This: Chief Executive Officer Jamie Iannone maintains the company’s advertising and payments businesses can boost profits even if total spending on the site falls. Being one of them. Cannibalizing the site isn't going to last long.
Etsy's stock is down over 70%.

It's safe to say someone noticed. People predicted things before and were wrong. That doesn't mean predictions will be wrong forever.

It's worth noting that pointing out current problems isn't a prediction, either. There is trouble in the here and now. Do we really think it's going to get better for eBay? The thing is, I hope it does.

From its pandemic high. We need to be realistic here. Etsy's earnings boomed during the pandemic, then predictably fell, but are still significantly higher now than they were just pre-pandemic. How quickly people got used to this temporary bounce - surely no one could think it would last. But that had nothing to do with their payment systems. I don't even LIKE Etsy - I sell there but I hate the way it's run and can't wait to dump all of my vintage and get out, but even I can see that the contraction is only relative.

Amazon dropped significantly and is now back to the step increase it was before. Same with eBay, though I think eBay has a darker future. But it won't because of bits of paper, it will be because of poor focus and direction.

“The illegal we do immediately, the unconstitutional takes a little longer.” - Henry Kissinger

"Do not obey in advance." Timothy Snyder "On Tyranny"

mjjb_56 · ‎02-23-2022

Yep, it is the New $600 tax trigger. The Governments Build back Better bill has really done the opposite.

Wife closed down her ID. I will do the same once I reach $600. If I wanted to go into business I would have. This place had always been the go to to sell off things from your home.

There are plenty on here that put down the small seller as not reporting their taxes. But the True small seller is selling things they had in their home for years. It's not a business, it more of a online Yard sale.

I have my kids old toys like fisher price from the 80's waiting to be sold. My mother did lots of crafts and gave my wife everything before she died. I have so many kits to part with . If I was a business I would have receipts for what the item cost when it was bought. But I have no proof of items from the 70's on up.

People are going to leave in droves. Sad but Ebay should have fought this harder.

onlinecentral · ‎02-23-2022

The credit card industry operates at 2.9% percent, approximately.

eBay operates at more than triple, with 10% FVFs, more fees on shipping and sales tax.
Compared to any business or industry, there are no expenses, except stock buy backs.
Unlike a credit card, there are no monthly statements, envelopes or postage costs.
No purchasing
No inventory
No warehouse rent
No warehouse utilities
No warehouse workers
No towmotor lease

No shoplifting
The list just goes on, and on...

mjjb_56 · ‎02-23-2022

Hey, my daughter works for the Postal Service delivery rural. She is just 6 months in. She uses her own car to deliver the mail. They had been promised new vans but Biden put a stop to that because he wants the Postal Vehicles to go Green. That won't work out in the middle of the country when you have no time to charge a car as your are suppose to be delivering mail.