Comments on: eBay Sales Down 10% in Third Quarter, Revenue Rises 11%

By: Stoned11

Stoned11 — Fri, 29 Oct 2021 03:13:29 +0000

U.S. Data released today…..
The U.S. economy grew at a 2% rate in the third quarter, its slowest gain of the pandemic-era recovery, as supply chain issues and a marked deceleration in consumer spending stunted the expansion, the Commerce Department reported today (Thursday).

Etsy reports earnings next week and I suspect it will be more of the same. I follow many Etsy jewelers and it’s been very slow for many, while it’s been difficult to find quality minerals/stones as mining explorations came to a screeching halt, due to Covid. It was the Delta variant that caused the economy to take another hit. However, it’s expected that consumers will spend heavy for the holiday season. Time will tell…

By: Mazdaman

Mazdaman — Thu, 28 Oct 2021 19:58:32 +0000

I suspect a big part of what appears to be a lopsided sales-to-revenue number is due to the fact that eBay continues to lay off “non-essential” employees. As customer services has gotten slower (those “One Minute” callbacks have resulted in “75 minute waits”, for example), and fewer U.S.-based CS reps available for for Top-Rated Sellers as was promised, eBay’s expenditures have decreased. This has maximize eBay’s profit while frustrating those who must deal with their “management” or nearly-nonexistent support.

Ebay has been skilled at making the company look good to Wall Street over the years, even while sellers are leaving the venue and sales have been down, as they are now.

In another story, Ira mentions that eBay is raising fees for the “holiday season”, which of course isnt really announced to sellers, as seller might then raise their prices – something eBay abhors, especially during the holidays.

We decided to branch out to other venues (as well as having our own website) years ago, shortly after Donahoe’s debacle, and we’re still so glad we did!

By: The End

The End — Thu, 28 Oct 2021 14:11:53 +0000

Ebay doesn’t sell anything.