The CEO of eBay, Jamie Iannone, says that you just’re probably sitting on treasures value 1000’s of {dollars}.
On Yahoo Finance’s Opening Bid Unfiltered podcast this week, Iannone stated that a median family accommodates at the very least $3,000 to $4,000 value of things that might be bought on-line. Collectibles like Pokémon playing cards and buying and selling playing cards, for instance, have been a “large enterprise” that contributed to $10 billion value of merchandise bought yearly.
“The entire thought is to unlock what’s in folks’s closets and garages and homes,” Iannone stated on the podcast. “And so, actually unlocking all of that incredible stock.”
The web retailer and public sale website turned 30 years previous this month and has 134 million energetic patrons utilizing the platform through the second quarter of the 12 months, based on the corporate. The corporate’s market worth was over $40 billion on the time of writing, and its inventory was up over 46% year-to-date.
Iannone grew to become eBay’s CEO in 2020. Since then, the corporate’s market capitalization has grown by $7 billion.
eBay CEO Jamie Iannone. Photographer: Victor J. Blue/Bloomberg by way of Getty Pictures
Iannone highlighted that not all sellers on eBay meant to grow to be entrepreneurs or create a facet hustle — they have been merely on the lookout for methods to make additional money. Moreover collectibles, secondhand gadgets are widespread on eBay, particularly amongst youthful patrons. Iannone stated that just about half of the gadgets (40%) bought on the positioning are used or refurbished.
“We have now lots of unintended entrepreneurs, folks that did not intend to construct a enterprise on eBay, they only wanted cash,” Iannone stated on the podcast. “So that they turned to eBay to make a bit of more money and turned that right into a facet enterprise.”
In July, eBay reported its second-quarter 2025 outcomes, posting income of $2.7 billion, up 6% from the identical time final 12 months. Gross merchandise quantity of merchandise bought on eBay was $19.5 billion for the quarter, additionally up 6%.
The CEO of eBay, Jamie Iannone, says that you just’re probably sitting on treasures value 1000’s of {dollars}.
On Yahoo Finance’s Opening Bid Unfiltered podcast this week, Iannone stated that a median family accommodates at the very least $3,000 to $4,000 value of things that might be bought on-line. Collectibles like Pokémon playing cards and buying and selling playing cards, for instance, have been a “large enterprise” that contributed to $10 billion value of merchandise bought yearly.
“The entire thought is to unlock what’s in folks’s closets and garages and homes,” Iannone stated on the podcast. “And so, actually unlocking all of that incredible stock.”
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