eBay
Transcript: How does eBay make money? eBay's generates revenue from a variety of sources such as advertising, listing and value fees, merchant fees, revenue sharing agreements, contractual service fees and classified and lead referral fees. See our latest quarterly earnings for more information About eBay Inc. http://www.ebayinc.com/content/press_release/ When eBay first launched, the site immediately became a popular channel for auctioning collectibles, but it soon expanded into other markets such as automobiles, business and industrial equipment, and consumer electronics, where the average sales price (ASP) is higher. Boosting the ASP was a critical component of increasing sales for eBay. Why? Because eBay's transaction fees are based on a percentage of sales. The higher the ASP, the more money eBay makes on each of the transactions it facilitates. EBay has pioneered and internationalized automated online person-to-person auctioning. Previously, such commerce was conducted through garage sales, collectibles shows, flea markets, and classified advertisements. An online marketplace facilitates easy perusing for buyers and enables sellers to list an item for sale within minutes of registering. Founded in 1995 in San Jose, Calif., eBay Inc. (NASDAQ:EBAY) connects hundreds of millions of buyers and sellers globally on a daily basis through eBay, the world's largest online marketplace, and PayPal, which enables individuals and businesses to securely, easily and quickly send and receive online payments. We also reach millions through specialized marketplaces such as StubHub, the world's largest ticket marketplace, and eBay Classifieds sites, which together have a presence in more than 1,000 cities around the world Source: http://www.allbusiness.com/sales/internet-ebay/3251-1.html#ixzz1gdJB69ni eBay and PayPal Predict Major Spike in Mobile Shopping on Thanksgiving; eBay Powers “Couch Commerce” with Launch of “Watch with eBay” New Tablet Technology Changes How People Experience Television Programming; Enables Users to Shop for Merchandise Relevant to What They Are Viewing SAN JOSE, Calif.--(BUSINESS WIRE)--eBay, the world’s largest online marketplace and a leader in mobile commerce, and PayPal, a leader in online and mobile payments, are helping people to holiday shop when they want, where they want, anticipating a significant shift in typical Thanksgiving weekend shopping behavior. eBay and PayPal predict that after dinner on Thanksgiving Day, people will head for the couch, and their smartphones and tablets, in what will be the first mobile shopping spike this holiday season. As the new trend of “Couch Commerce” emerges, the company is leveraging technology innovations to deliver a more inspired, convenient holiday shopping experience. “Mobile shopping is mainstream now, and eBay expects this holiday to be the largest mobile shopping season ever” “Mobile shopping is mainstream now, and eBay expects this holiday to be the largest mobile shopping season ever,” said Steve Yankovich, vice president of eBay Mobile. “Shoppers are in the driver’s seat, with mobile technology putting the mall right in your pocket. We’re using our mobile and tablet innovations to empower people to shop - and find the best deals - anytime, anywhere, any way they want - from the comfort of their couch or on the go.”