Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : eBay - Superb Internet Business Model -- Ignore unavailable to you. Want to Upgrade?

To: Urlman who wrote (6649)	10/27/2000 11:29:51 PM
From: Harvey Allen	Respond to of 7772

This story says they're falling: Doomed by eBay I quit my job to become an online auctioneer, but the success of millions turned out to be a disaster. - - - - - - - - - - - - By Claudia O'Keefe But it's not just the profusion of small-time sellers like me who are flooding the market. Approach the problem of success for the mom and pop eBay seller from a different angle, and the conclusions are still foggy and undrawable. Last year, the value of all goods sold on eBay's site leapt by 83 percent to $1.4 billion. During the third quarter, the company hosted 68.5 million auctions. This is up 89 percent from the 36.2 million auctions run in the third quarter of 1999. On the surface this suggests that winning bids almost kept pace with the increase in items listed. But much of the value of those winning bids is actually concentrated in big-ticket items sold by professionals. During the past year eBay has added its Great Collections auctions, and significantly expanded eBay Motors. For the price of a 2001 Ram Dodge pickup and a couple of A. Blanchard Paris street scenes, you could win almost every one of the 9,000 romance fiction auctions running at any time. salon.com