EBay Posts Significant Profit Increase

Posted: Apr 17 2008, 10:53am CDT | by , Updated: Aug 11 2010, 7:28am CDT, in News | Other Stuff

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Auction site eBay took a PR beating over its price increases that it attempted to hide inside of supposed discounts on the front end. The net difference of the changes was a significant operating expense increase to sellers, resulting in boycotts by some sellers on the site.

Despite the bad press and the boycotts eBay posted its financial and showed a 22% increase in quarterly profits compared to last year. The Guardian reports that listings increased by 10%. Net profit for eBay was $459.7 million and sales totaled $2.19 billion.

Many eBay users pay the fees because they must if they want to sell online. There is simply no alternative. Someday a viable alternative to eBay will show up and eBay will reap what it sows.

Via The Guardian

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<a href="/latest_stories/all/all/3" rel="author">Shane McGlaun</a>
Tech and Car expert Shane McGlaun (Google) reports about what's new in these two sectors. His extensive experience in testing cars, computer hardware and consumer electronics enable him to effectively qualify new products and trends. If you want us review your product, please contact Shane.
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