Home › Forums › Random Thoughts › Amazon stock is up 55% Year to date and Ebay is down..
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07/20/2018 at 9:14 pm #45867
https://finance.yahoo.com/news/ebay-survive-age-amazon-220410124.html
An interesting read. Ebay’s recent earnings and guidance caused the stock to drop 10% on 7/19/18.
It’s not earth shattering news, but maybe gives a backdrop to what we are seeing on the site.
Amazon stock is up 55% year to date and the market value recently surpassed 900 Billion dollars.
I guess internet shopping is here to stay.
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07/20/2018 at 9:41 pm #45869
Yeah, Amazon is so much more than just online shopping. Amazon Studios, Amazon Streaming Music, Amazon Web Services, Whole Foods, and they just bought an online pharmacy.
eBay just keeps trying to change what they already have. Maybe they just consider branching out some.
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07/20/2018 at 11:39 pm #45877
I agree. Ebay needs to make a lot of changes to be in the same value and earnings category as Amazon.
I wonder, in the long run if Ebay is going to have room for the small seller of vintage one of a kind items.
The rare one of a kind items are great for window dressing, but in total, is it worth it to them? It’s like a Chevy dealer who has a mint condition 1965 Corvette in the showroom. Sure, they’ll sell it, but they really want to sell you a new car.
Also, I imagine the cost to maintain customer service for the small sellers is much higher than the guys selling all the commodity items.
It will surely be interesting to see how Ebay progresses.
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07/21/2018 at 4:25 pm #45892
I don’t think ebay has any intention (at least, at this point) of ever branching out the way Amazon has. They are having enough trouble just trying to maintain and incrementally increase their market share. I suspect (but of course don’t know) that they are way behind schedule on the product search stuff, and maybe they are finally beginning to realize just how complicated that is going to be. And the problem is, they are racing against time, because they really need that yesterday.
As far as small sellers of vintage, etc?
I think ebay wants to keep us, and recognizes our value in terms of adding selection to the site. But I also think ebay’s priority right now, and for quite a long time past, has been how to compete with new merchandise. That stuff is that lion’s share of eBay’s revenue, so it makes sense that it is a priority.
And for a long time, I don’t think there’s been a very serious threat to ebay’s vintage seller base. Even if sellers sell elsewhere, many are multi channel, and continue to sell on eBay.
My concern is that ebay doesn’t really recognize the threat posed by Facebook, Poshmark etc. And by the time they wake up to it, it will be too late. ebay has lots of “teams”, but as far as I know, they don’t have a team really focused on sellers like us.
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07/21/2018 at 4:35 pm #45893
Agreed. For years, unhappy eBay sellers have been screaming for an alternative to eBay. All those alternatives have been half-baked.
I think we are getting to a tipping point where maybe there won’t be just one site to compete against eBay, but where multiple websites and mobile apps will eat away at eBay’s share of the used and vintage market.
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07/21/2018 at 5:09 pm #45894
jay, Of course, what unhappy ebayers have wanted is ONE site that replaces ebay. That was the stated goal of Bonanza when it started….and Lord knows Ina Steiner tried to push Bonanza when it first got started. But at this point, I don’t see any one site replacing ebay. More like a death by a thousand cuts.
And that might be OK for niche sellers, for whom one site might work. But for those of us who are the equivalent of a vintage/used five and dime variety store, with a little of this and a little of that, it is likely to just make things more complicated. To me, that’s been the beauty of ebay….I can list all sorts of long tail stuff on one site, and if I wait long enough, it’ll find a buyer.
I’ve looked over the agenda for ebay Open, and I see absolutely nothing that makes me think there will be any sort of announcement or change aimed at improving ebay for sellers like us. I hope I’m proven wrong, but I doubt I will be.
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