The CEO of eBay, Jamie Iannone, says that you just’re seemingly sitting on treasures value hundreds of {dollars}.
On Yahoo Finance’s Opening Bid Unfiltered podcast this week, Iannone mentioned that a median family incorporates not less than $3,000 to $4,000 value of things that might be offered on-line. Collectibles like Pokémon playing cards and buying and selling playing cards, for instance, had been a “large enterprise” that contributed to $10 billion value of merchandise offered yearly.
“The entire thought is to unlock what’s in individuals’s closets and garages and homes,” Iannone mentioned on the podcast. “And so, actually unlocking all of that incredible stock.”
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The net retailer and public sale web site turned 30 years outdated this month and has 134 million lively consumers utilizing the platform throughout the second quarter of the yr, in keeping with the corporate. The corporate’s market worth was over $40 billion on the time of writing, and its inventory was up over 46% year-to-date.
Iannone grew to become eBay’s CEO in 2020. Since then, the corporate’s market capitalization has grown by $7 billion.
eBay CEO Jamie Iannone. Photographer: Victor J. Blue/Bloomberg through Getty Photos
Iannone highlighted that not all sellers on eBay meant to turn into entrepreneurs or create a facet hustle — they had been merely on the lookout for methods to make additional money. Apart from collectibles, secondhand objects are standard on eBay, particularly amongst youthful consumers. Iannone mentioned that almost half of the objects (40%) offered on the location are used or refurbished.
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“We’ve loads of unintended entrepreneurs, individuals that did not intend to construct a enterprise on eBay, they simply wanted cash,” Iannone mentioned on the podcast. “So that they turned to eBay to make a bit more money and turned that right into a facet enterprise.”
In July, eBay reported its second-quarter 2025 outcomes, posting income of $2.7 billion, up 6% from the identical time final yr. Gross merchandise quantity of merchandise offered on eBay was $19.5 billion for the quarter, additionally up 6%.
The CEO of eBay, Jamie Iannone, says that you just’re seemingly sitting on treasures value hundreds of {dollars}.
On Yahoo Finance’s Opening Bid Unfiltered podcast this week, Iannone mentioned that a median family incorporates not less than $3,000 to $4,000 value of things that might be offered on-line. Collectibles like Pokémon playing cards and buying and selling playing cards, for instance, had been a “large enterprise” that contributed to $10 billion value of merchandise offered yearly.
“The entire thought is to unlock what’s in individuals’s closets and garages and homes,” Iannone mentioned on the podcast. “And so, actually unlocking all of that incredible stock.”
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