Coronavirus has given eBay a rare growth bright spot with increased online shopping. Second-quarter gross merchandise value, or GMV, sold on eBay platforms worldwide rose 29% to $27.1 billion, the company said late Tuesday. The growth rate, the best eBay has seen in 15 years, followed at least five quarters of either flat or declining rates. Under pressure from activist investors to focus on its core online marketplace business, eBay, the former parent of PayPal before spinning it off in 2015, in February also sold its ticket-sale business StubHub. However, the Covid-19 tailwind aside, the key is whether eBay can keep the shoppers it has attracted during the pandemic and stem further market share loss.

Source: Forbes July 29, 2020 12:00 UTC