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05-03-2022 10:07 PM - edited 05-03-2022 10:10 PM
@gutterpunkz05 wrote:Oh Cham, ,,,,,,If 1 = 1000
667000 = DOH !!!! $667M US (not bad for the quarter)
OK I admit I,m very tired at the moment. Currently working on a couple of $ 1,000,000 plus deals of my own so have millions on the brain. ( hence why I,m not here much these days ) I,m also selling off around $40,000 worth of stock that would have gone on ebay as I am reducing my exposure to the platform. ( it will all be gone in around a weeks time ) so the brain fog is starting to set in.
The correct figure was $ 667 million EBIT for THE FULL YEAR of 2021 not a quarter. ( just over half a billion dollars U.S ) Compare that to Australia's Commonwealth bank which made Aust. $ 7.2 billion in 2020 ( no figures I could find for 2021 ) and you can see how pitiful eBays financial performance is for a global internet platform during a pandemic.
Your link also shows ebay lost 9% of its active buyers during the year and 8 % of its active sellers. Gross merchandise volumes ( how much stuff was sold ) was also down 10% for the year.
People can bury their heads in the sand and tell themselves ( and others ) everything's fine on ebay, but the only reliable source of figures ( eBay's reports to the stock exchange ) show the company is in serious decline.
Ebay has got an identity crisis. Is it a giant garage sale ..... not any more. It tried to be a mini me Amazon and that has clearly failed, so now it is trying to target the numpty moron market by being the biggest $2 CHINESE CARP shop in the world. Want proof .... watch their mindless adverts that target hair straightners and noise reducing headphones, all promoted with cheap prices. You dont see Amazon spruking CHEAP CHEAP CHEAP !!! do you.
Ebay has lost direction and doesnt have a clear picture of where its heading or what it is trying to achieve. The result is it is wandering around in the online wilderness and its own figures show both buyers and sellers are leaving the site in droves.