eBay aims to strengthen focus on core business as competition builds

Meghan McCarty Carino Nov 26, 2019
Share Now on:
HTML EMBED:
COPY
The eBay headquarters in San Jose, California in 2014. Justin Sullivan/Getty Images

eBay aims to strengthen focus on core business as competition builds

Meghan McCarty Carino Nov 26, 2019
The eBay headquarters in San Jose, California in 2014. Justin Sullivan/Getty Images
Share Now on:
HTML EMBED:
COPY

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.

As a nonprofit news organization, our future depends on listeners like you who believe in the power of public service journalism.

Your investment in Marketplace helps us remain paywall-free and ensures everyone has access to trustworthy, unbiased news and information, regardless of their ability to pay.

Donate today — in any amount — to become a Marketplace Investor. Now more than ever, your commitment makes a difference.