eBay to Double Mobile Sales to $4B in 2011

eBay predicted its mobile business will double mobile gross merchandise volume (GMV), or the value of products being sold, from $2 billion in 2010 to $4 billion in 2011 while announcing its financial results for Q1 2011. "eBay Mobile is continuing to see very strong growth," says John Donahoe, president and CEO of eBay. "Once again, while other retailers are formulating their mobile plans, consumers are actively buying and selling through the eBay Mobile app. We see strong accelerating momentum across multiple devices in almost every geographic market around the world. We're on track to double eBay's mobile GMV