Company Research Report: eBay Inc.
1. Company Overview
- Company Name: eBay Inc.
- Mission of the Company: eBay's mission is to connect people and build communities to create economic opportunity for all by providing pathways that empower millions of sellers and buyers in over 190 markets around the world.
- Founded: September 1995
- Founder: Pierre Omidyar
- Key People:
- Jamie Iannone: President and Chief Executive Officer
- Cornelius Boone: SVP, Chief People Officer
- Eddie Garcia: SVP, Chief Product Officer
- Julie Loeger: SVP, Chief Growth Officer
- Steve Priest: SVP, Chief Financial Officer
- Mazen Rawashdeh: SVP & Chief Technology Officer
- Jordan Sweetnam: SVP, Global Markets
- Samantha Wellington: SVP, Chief Legal Officer, General Counsel & Secretary
- Headquarters: San Jose, California, USA
- Number of Employees: No information is available.
- Revenue of the Company: Q3 2024 Revenue was reported at $2.6 billion.
- What the Company is Known for: eBay is widely recognized as an ecommerce platform that enables consumer-to-consumer and business-to-consumer sales through its website. It is renowned for providing a robust online marketplace where users can buy and sell new and used goods, including a variety of niche collectible items.
2. Products
- What Products Do They Offer: eBay offers a vast marketplace platform for buying and selling items online. The company caters to a diverse selection of categories including electronics, fashion, home & garden, parts and accessories, and collectibles among others.
- High-level Description of the Products:
- eBay provides an ecommerce interface that lets users participate in online auctions or buy items instantly. It hosts consumer goods ranging from everyday household items to rare collectibles.
- Key Features of Each of the Products:
- eBay Marketplace: Known for its auction-style sales and 'Buy It Now' options, allowing immediate purchase.
- eBay Motors: Dedicated platform for buying and selling vehicles and automotive parts.
- Global Shipping Program: Facilitates smooth international shipping for sellers and buyers.
- eBay Stores: Provide a customizable storefront for sellers seeking a more permanent presence.
- eBay Authenticate: A feature that verifies the authenticity of high-value items like luxury handbags, watches, and trading cards.
- eBay Vault: A secure storage and marketplace solution for trading cards.
3. Recent Developments
- What Are the Recent Developments in the Company:
- Nov 6, 2024: Partnered in hosting an 8th Celebrity Auction with Homes For Our Troops to benefit injured veterans.
- Nov 4, 2024: Introduced a flexible new payment option, allowing buyers to "Buy Now, Pay by the Middle of the Next Month in One Invoice."
- Oct 30, 2024: Reported third-quarter financial results with a revenue of $2.6 billion.
- Oct 22, 2024: Launching a rare basketball trading cards auction curated by Candace Parker.
- What Are the New Products Launched: No new products were specifically mentioned in the data.
- What Are the New Features Added to the Existing Products:
- Expanded the 'Buy Now, Pay Later' option to support customer flexibility in payments.
- Any New Partnerships:
- Partnered with NBA analyst and former WNBA MVP Candace Parker for the trading cards auction series.
Conclusion
This report provides a comprehensive overview of eBay Inc., including its fundamental mission, milestone achievements, and recent initiatives. eBay continues to be a leading force in online commerce, as seen with its innovative products and services tailor-made for its global user base. The company's focus on sustainability and inclusivity highlights its commitment to broader social and environmental goals.
