eBay Plans to Take On Amazon

eBay Plans to Take On Amazon

EBay and its CEO, Devin Wenig, have a big task ahead for 2016: Proving to investors that the e-commerce site is still growing after its split from payments giant PayPal last year. So far, things aren’t looking good for eBay, which reported disappointing earnings for the important holiday season.

But Wenig has a plan, which he laid out at the Goldman Sachs Technology and Media conference in San Francisco on Wednesday. In an interview on stage, he said that eBay is now thinking more like a retailer instead of a technology site when marketing and selling the 800 million items that are available through the service.

It used to be that eBay’s core business was as an online auction house for hard to find items and antiques, used clothing and cars. But in the past five years, the company has emphasized selling new products like electronics and car parts at a fixed price.

Share this post

Comments (3)

  • Coen Jacobs Reply

    Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nam viverra euismod odio, gravida pellentesque urna varius vitae, gravida pellentesque urna varius vitae. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nam viverra euismod odio, gravida pellentesque urna varius vitae. Sed dui lorem, adipiscing in adipiscing et, interdum nec metus. Mauris ultricies, justo eu convallis placerat, felis enim ornare nisi, vitae mattis nulla ante id dui.

    June 27, 2016 at 12:12 am
    • Dan Reply

      Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nam viverra euismod odio, gravida pellentesque urna varius vitae, gravida pellentesque urna varius vitae.

      June 27, 2016 at 12:13 am
  • James Koster Reply

    Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nam viverra euismod odio, gravida pellentesque urna varius vitae, gravida pellentesque urna varius vitae.

    June 28, 2016 at 12:36 pm

Leave a Reply

Your email address will not be published. Required fields are marked *