The CEO of eBay, Jamie Iannone, says that you simply’re doubtless sitting on treasures value hundreds of {dollars}.
On Yahoo Finance’s Opening Bid Unfiltered podcast this week, Iannone stated that a mean family incorporates at the least $3,000 to $4,000 value of things that could possibly be bought on-line. Collectibles like Pokémon playing cards and buying and selling playing cards, for instance, have been a “large enterprise” that contributed to $10 billion value of merchandise bought yearly.
“The entire thought is to unlock what’s in folks’s closets and garages and homes,” Iannone stated on the podcast. “And so, actually unlocking all of that incredible stock.”
The web retailer and public sale website turned 30 years outdated this month and has 134 million energetic consumers utilizing the platform in the course of the second quarter of the yr, in accordance with the corporate.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 turned 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 change into entrepreneurs or create a aspect hustle — they have been merely searching for methods to make further money. In addition to collectibles, secondhand objects are fashionable on eBay, particularly amongst youthful consumers. Iannone stated that just about half of the objects (40%) bought on the positioning are used or refurbished.
“Now we have a number of unintentional entrepreneurs, folks that did not intend to construct a enterprise on eBay, they only wanted cash,” Iannone stated on the podcast. “So that they turned to eBay to make a bit of more money and turned that right into a aspect 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 bought on eBay was $19.5 billion for the quarter, additionally up 6%.
The CEO of eBay, Jamie Iannone, says that you simply’re doubtless sitting on treasures value hundreds of {dollars}.
On Yahoo Finance’s Opening Bid Unfiltered podcast this week, Iannone stated that a mean family incorporates at the least $3,000 to $4,000 value of things that could possibly be bought on-line. Collectibles like Pokémon playing cards and buying and selling playing cards, for instance, have been a “large enterprise” that contributed to $10 billion value of merchandise bought yearly.
“The entire thought is to unlock what’s in folks’s closets and garages and homes,” Iannone stated on the podcast. “And so, actually unlocking all of that incredible stock.”
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