EBay Growth Ebbs, Sparking Concern Pandemic Boost Is Over

(Bloomberg) — EBay Inc.’s marketplace growth slowed in the third quarter, worrying investors that an online shopping boost from the Covid-19 pandemic isn’t sustainable.



logo: The logo for eBay Inc. is displayed on a laptop computer in an arranged photograph taken in the Brooklyn borough of New York, U.S., on Sunday, May 10, 2020. There has been "a meaningful structural change" in U.S. retail, with more and more money shifting to e-commerce during the pandemic, according to Baird.


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The logo for eBay Inc. is displayed on a laptop computer in an arranged photograph taken in the Brooklyn borough of New York, U.S., on Sunday, May 10, 2020. There has been “a meaningful structural change” in U.S. retail, with more and more money shifting to e-commerce during the pandemic, according to Baird.

Gross merchandise volume, the value of all goods sold on the site, rose 22% in the third quarter, down from 26% growth in the second quarter. International GMV increased 16%, a smaller gain than the previous period.

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“If you look at EBay prior to Covid, they were under-performing other e-commerce companies, and that’s the concern,” said Brian Yarbrough, an analyst at Edward D. Jones & Co. “Do we go

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