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After years of waffling, saw that eBay stock UP 6.1% yesterday. Read a couple of articles, and it looks like some financial firm is trying to advocate for the value of the marketplace and distancing from the stub hub / classifieds business.
Caveat – do not have a firm grasp of the difference between classifieds and marketplace ( which is small businesses selling piles of old crap?) nor a firm grasp on the machinations of investment firms and their machinations.
But it is interesting to see eBay have a positive move – anyone here on top of this.
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“Marketplace” is us, yes. Elliot has a big stake and wants eBay to sell off StubHub and Classifieds to increase eBay’s value, sort of like when Carl Icahn wanted eBay to sell off Paypal, which it eventually did. This big investors like it when a company concentrates on its core business.
Classifieds is this weird (for eBay) hybrid they started on Gumtree in the UK, Australia, and South Africa, Kleinanzeigen in Germany, and Kijiji in Canada. I think it is available in select categories in the US, but I have not been able to find out how to do it. Seller creates a listing with price, buyer contacts seller, and transaction is finalized off eBay. See https://www.ebayinc.com/stories/news/integrating-ebay-inventory-on-classified-sites-for-consumers-globally/
I think one of these investors someday will want eBay to shed our used junk categories because it doesn’t make as much money for the corporation as the new stuff from China. That could be a good thing if someone who likes junk kept it going. Just think: no more catalog pages, UPC requirements, etc.; all that crap that makes selling used stuff harder.
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I just found this: https://blog.hubspot.com/sales/ebay-classifieds
I haven’t tried it to see if it works in the US. This page says there’s a flat $9.95 insertion fee. Guess I’d just use Craigslist for free.
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Kijiji is HUGE in Canada – it is basically a clean and nicer version of Craigslist and completely free to list on. I use it to sell large items locally, and use it daily to look at stuff and source items.
I can see it being sold off – it really isn’t the same as “eBay marketplace”. It’s been a real hassle for them – always in the news that someone got ripped off on Kijiji, and even people have been murdered trying to do Kijiji deals.
I see some people cross post on Kijiji and eBay, but not many.
Other platforms eBay owns like Stubhub are becoming a hassle – try and get a NFL ticket this year using Stubhub – the NFL has locked down re-sale tickets on their own platforms, and you must use their app to get in the stadium (or pick-up your paper tickets from the team ticket office). No more transferable tickets without going through a hassle. I can see this happening with other sports, concerts, etc. that will lock out Stubhub – eBay should sell it while it has value.
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Tiki, I believe they will get bought out by Amazon (if ebay doesn’t kill itself first). ebay still has a huge share of the online shopping market. I also believe Amazon will be 10k per share value in about 5-10 years. Online shopping and services will keep growing. Feed the Amazon beast. I am a longtail shareholder of both of these companies.
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