eBay plans to grow by thinking small as it prepares for life apart from PayPal. The company says it's focusing on getting more people, as well as small to midsize businesses, to buy and sell items on its popular online marketplace. The effort comes as it attempts to address investor concerns about how it will fare later this year after it spins off its PayPal payments division, which has long been eBay's fastest-growing segment. CEO John Donahoe said Wednesday the company is moving toward the spinoff with "clarity and speed."
eBay won't say it outright, so I'll say it for the company: its same-day delivery experiment is pretty much dead. On yesterday's earnings call with analysts, eBay's CEO John Donahoe was asked for an update on the eBay Now service, which lets shoppers order goods from local big-box stores via an app and get the goods delivered to them that very day. "There's an enormous amount of money that's going to be spent in same-day delivery, and I don't think that's going to be … that's not essential to our core, target consumer," Donahoe said.
In 2009, eBay CEO John Donahoe decided to close eBay Live Auctions, a live-bidding platform and seemingly successful part of its Marketplaces business. On Thursday, eBay announced it will launch a new live-bidding platform in partnership with Invaluable, formerly called Artfact. Gene Cook, eBay Marketplaces general manager of emerging verticals, told EcommerceBytes there won't be a special name for live auctions; rather, the live auctions will be "deeply integrated" into areas of the eBay site. A search on eBay for a collectible will bring up results for live auctions alongside listings for traditional auction and fixed-price listings.