Mon. 07/20 – eBay to Sell Its Classified Ads Business?
Tech Brew Ride Home
Amalgamated Internets, LLC
4.7 • 1K Ratings
🗓️ 20 July 2020
⏱️ 19 minutes
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| 0:00.0 | Welcome to the Tech Meam Right Home for Monday, July 20th, 2020. I'm Brian McCullough today. |
| 0:09.1 | eBay seems to be selling every last thing it can before all it's left with is its marketplace and its pride, I guess. |
| 0:15.7 | Disney has quietly cut its Facebook advertising also. |
| 0:19.7 | When might we actually see Windows 10X? |
| 0:22.6 | And what is GPT 3 and why? |
| 0:25.0 | Was everyone freaking out about it over the weekend? |
| 0:27.7 | Here's what you miss today in the world of tech. |
| 0:30.2 | Sources are telling the Wall Street Journal that eBay is an advanced |
| 0:37.0 | talks to sell its classified ads business to Norway's Atavinta for around $8 billion. |
| 0:45.0 | Quote, eBay, once a high-flying internet conglomerate with brands like PayPal and StubHub, |
| 0:51.0 | has been unwinding that structure under pressure from activist investors who argued it shrouded eBay's value. |
| 0:57.0 | The Classified Unit is one of the last remaining businesses outside the core marketplace after the company struck a deal to sell its |
| 1:04.7 | StubHub ticketing division last year. eBay's classified unit primarily |
| 1:08.9 | operates internationally across Canada, parts of Europe, Africa, Australia, and Mexico. |
| 1:13.9 | Its platforms allow users to post goods and services in their local communities, similar to |
| 1:18.2 | Craigslist in the US. |
| 1:20.2 | Last year, the division produced $1.1 dollars in revenue compared with the 7.6 billion |
| 1:24.7 | dollars its marketplace business generated. |
| 1:27.3 | eBay has been seeking to sell the unit since around February when the Wall Street Journal |
| 1:31.0 | reported that it was up for sale. |
| 1:33.0 | Atavinta oversees digital marketplaces in 16 countries with a significant presence in parts of Europe, |
| 1:38.0 | South America and Mexico. |
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