E Bay Vs. Amazon.Com
Daniel J. Boone buys a lot online, and it's not just because he lives in remote Juneau, Alaska. After finding some antique postcards early last year on auctioneer eBay Inc.'s Web site, the 30-year-old lawyer has returned repeatedly for such items as a shower radio and a computer scanner. Growing far beyond its start as a motley flea market for collectors of Pez dispensers and Beanie Babies, eBay now has more than 2 million items for auction daily. It's expected to quadruple gross merchandise sales this year, to $3 billion, from which it skims a profitable 6%. For many of its 3.8 million registered members, eBay has become a prime online shopping stop. Says Boone: "I look there first for just about everything."
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.