Auction Site eBay Expects Higher Turnover Due to Corona Crisis

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The auction site eBay is doing good business now that people are buying massively online instead of physically buying during the corona crisis.

 

The company expects revenues of $ 2.8 billion in the second quarter. In a previous forecast, that was still almost $ 2.5 billion.

The site says it has welcomed about 6 million new buyers in April and May.

They are mainly looking for electronics, fashion and auto parts. Tens of thousands of people have also started selling things since March.

In February, the internet merchant sold his ticket seller StubHub to ticket platform Viagogo for $ 4 billion.

eBay would also consider putting its ad branch on sale. This includes the Dutch Marketplace.

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