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At the end of the first day

Posted: Sat Dec 28, 2024 9:02 am
by sumaiyakhatun29
of trading, the stock price had risen to $53.50, which gave the company a market capitalization of over $2 billion; eBay’s IPO was considered a success, not just because of the high initial valuation. However, it indicated that the market was open to e-commerce businesses. At the time, many investors were skeptical of the potential the Internet had as a viable business platform; Following the success of eBay’s initial public offering, its founder, Pierre Omidyar, became a billionaire almost overnight.


What’s more, it attracted the attention of other investors and tech buy cameroon whatsapp number database startups. And this paved the way for the dot-com boom of the late 1990s. eBay Revenue and Usage Statistics: In 2023, eBay’s revenue was $10.1 billion, an increase from $9.79 billion in 2022 — the company’s net income in 2023 was $2.767 billion; During the second quarter of 2024, eBay’s global active users were 132 million; The company’s gross merchandise volume in 2023 was $73 billion.


This amount is representative of the overall value of goods traded through the platform; In 2023, eBay’s top-selling categories were garden and home products, crafts, fashion, and electronics; eBay had 667.72 million visitors in the United States only in September 2024, and this made the e-commerce site the 2nd most visited marketplace website in the country; eBay has a solid global presence. Moreover, the company has localized websites in more than 20 countries.