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?

tools* · ‎02-23-2022

It's a stock. eBay stocks would be where they put sellers who behave badly.

wildpitchsports · ‎02-23-2022

I've been saying this out here for months. The new $600 1099-K reporting trigger for U.S. sellers will make them leave the market.

This Youtube video has over 400 sellers stating they are leaving:

ebay Talk - Will Sellers Leave Due to IRS changes in 2022?

That's just on ONE YOUTUBE VIDEO!!!

The fees are just going to keep increasing the more sellers leave. Not even eBay's fault.

eBay & Paypal - best two stocks to short in 2022 and 2023. Period.

fairdeal*lb · ‎02-23-2022

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.

Have a confidential tip for our reporters?

Get in touch

Before it's here, it's on the

Bloomberg Terminal

Learn more

fairdeal*lb · ‎02-23-2022

BARRON'S:

eBay Shares Tumble as Sales Outlook Misses Estimates

By

Eric J. Savitz

Feb. 23, 2022 4:49 pm ET

Order Reprints
Print Article

eBay shares are heading sharply lower in late trading Wednesday after the online retail marketplace provided disappointing financial guidance for both the March quarter and all of 2022. eBay sees flat revenue growth for this year.

In the after-hours session, eBay (ticker: EBAY) is off 11%, to $48.60.

theteamsetguy · ‎02-23-2022

It is not eBay stock falling the last couple of days. The stock price of Etsy is at a 52 week low dropping from over $300 to $115. The stock of Home Depot dropped by more than $30.00 since earnings release on Tuesday.

Most of the stay at home stocks like EBay, Etsy, Home Depot, Docusign, Peloton, and many others have dropped like a rock.

wildpitchsports · ‎02-23-2022

Etsy is in the same boat as eBay in regards to the 2022 1099-k $600 tax triggers for U.S. sellers so sure, they will fall right along side eBay.

Home depot down ? Of course, no one can afford a piece of **bleep** wood.

whiteyswrecking · ‎02-23-2022

YES , they will ,

glasser · ‎02-23-2022

It's the drop in GMV and monthly users that are the big red flags. I don't buy the post pandemic change in behavior as being the sole reason. eBay's interface is outdated. Finding is difficult. And for many would be buyers, there may be too many items to wade through.

"Chief Executive Officer Jamie Iannone maintains the company’s advertising and payments businesses can boost profits even if total spending on the site falls." Both these income streams are tied to increasing costs for sellers through promoted listings and higher FVF fees (and including sales tax in the mix).

When your business model moves from growth to get more from existing customers, that is a very bad thing and the start of a hard to correct downward spiral.

collectfest · ‎02-23-2022

October 22, 2021, stock price was 80.59

February 23, 2022 stock price was 54.59

after hours trading not included.

source google finance Nasdaq.

decline about 25%.

wildpitchsports · ‎02-23-2022

Yup and all those sellers leaving all online platforms in the U.S (not just eBay) are also taking their purchasing dollars with them. Especially in hobbies.

tsme35 · ‎02-23-2022

Yep, going to be another huge hit in April when USPS adds a $4 surcharge for packages over 22" and $15 on packages over 30", will cut 50% of my inventory for sure

tools* · ‎02-23-2022

@tsme35 wrote:
Yep, going to be another huge hit in April when USPS adds a $4 surcharge for packages over 22" and $15 on packages over 30", will cut 50% of my inventory for sure

That's when I'll use UPS Ground, even if it takes 7 business days.

fairdeal*lb · ‎02-23-2022

@glasser wrote:

"Chief Executive Officer Jamie Iannone maintains the company’s advertising and payments businesses can boost profits even if total spending on the site falls." Both these income streams are tied to increasing costs for sellers through promoted listings and higher FVF fees (and including sales tax in the mix).

When your business model moves from growth to get more from existing customers, that is a very bad thing and the start of a hard to correct downward spiral.

More of the same ( Just pass it on the sellers )