eBay aims to strengthen focus on core business as competition builds
Share Now on:
eBay is set to sell ticket firm StubHub to the Swiss ticket vendor Viagogo for about $4 billion. For almost a year, eBay has been under pressure from activist investors to focus on its core business in the face of slowing growth. While eBay was once on a par with Amazon, it’s ceded much of its market share to the ecommerce behemoth. Elsewhere, apps for secondhand goods with more user-friendly mobile interfaces, like Poshmark and Mercari, have been able to compete favorably in the online auction space.
Click the audio player above to hear the full story.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.