EBAY - eBay Inc.

NasdaqGS - NasdaqGS Real-time price. Currency in USD
40.36
-0.04 (-0.10%)
At close: 4:00PM EDT
Stock chart is not supported by your current browser
Previous close40.40
Open40.55
Bid40.34 x 1800
Ask40.36 x 2200
Day's range40.14 - 40.87
52-week range26.01 - 42.00
Volume12,835,199
Avg. volume7,478,801
Market cap33.853B
Beta (3Y monthly)1.21
PE ratio (TTM)15.60
EPS (TTM)2.59
Earnings date28 Oct 2019 - 1 Nov 2019
Forward dividend & yield0.56 (1.39%)
Ex-dividend date2019-08-30
1y target est42.21
Trade prices are not sourced from all markets
  • Retailers Push Full Steam Into Bumper Holiday Season: 5 Picks
    Zacks

    Retailers Push Full Steam Into Bumper Holiday Season: 5 Picks

    The growth in holiday retail sales bodes well for ecommerce providers like Amazon (AMZN), Walmart, Target, eBay and Etsy.

  • Update: eBay (NASDAQ:EBAY) Stock Gained 28% In The Last Three Years
    Simply Wall St.

    Update: eBay (NASDAQ:EBAY) Stock Gained 28% In The Last Three Years

    Low-cost index funds make it easy to achieve average market returns. But across the board there are plenty of stocks...

  • Is eBay (EBAY) Stock Outpacing Its Retail-Wholesale Peers This Year?
    Zacks

    Is eBay (EBAY) Stock Outpacing Its Retail-Wholesale Peers This Year?

    Is (EBAY) Outperforming Other Retail-Wholesale Stocks This Year?

  • Amazon Probed by U.S. Antitrust Officials Over Marketplace
    Bloomberg

    Amazon Probed by U.S. Antitrust Officials Over Marketplace

    (Bloomberg) -- A team of Federal Trade Commission investigators has begun interviewing small businesses that sell products on Amazon.com Inc. to determine whether the e-commerce giant is using its market power to hurt competition.Several attorneys and at least one economist have been conducting interviews that typically last about 90 minutes and cover a range of topics, according to three merchants. All were asked what percentage of revenue their businesses derive from Amazon versus other online marketplaces like Walmart Inc. and EBay Inc., suggesting regulators are skeptical about Amazon’s claims that shoppers and suppliers have real alternatives to the Seattle-based company. One merchant, Jaivin Karnani, said he was surprised the FTC returned his call the very next day. The interviews indicate the agency is in the early stages of a sweeping probe to learn how Amazon works, spot practices that break the law and identify markets dominated by the company. The length of the interviews and the manpower devoted to examining Amazon point to a serious inquiry rather than investigators merely responding to complaints and going through the motions, antitrust experts say.Amazon shares fell less than 1% to $1,812 at 9:36 a.m. in New York.“Early in an investigation, that’s a sign of staff doing a serious job,” said Michael Kades, who spent 20 years at the FTC. “They’re spending lots of time with witnesses and trying to really understand what they’re saying.”Amazon hasn’t disclosed an investigation by the FTC, and the agency rarely confirms scrutiny of individual companies. But Chairman Joe Simons told Bloomberg in August that he welcomed hearing from third-party merchants, who now sell more than half of products on Amazon. Such private conversations are likely to yield far more insights into Amazon’s business than the public grilling of tech executives by Congressional committees.Amazon declined to comment and pointed to a statement Consumer Business chief Jeff Wilke made in June when asked about reports that the FTC was looking into Amazon. ”We believe that most substantial entities in the economy deserve scrutiny,” he said. “Our job is to build the kind of company that passes that scrutiny with flying colors.” The FTC declined to comment. The probe is part of a broader examination of the control companies like Amazon, Google and Facebook have over the U.S. economy. The FTC is also investigating Facebook while the Justice Department is probing Google. Separately, 50 state attorneys general have announced an antitrust probe of Google. The House Judiciary Committee is also probing big technology companies. One area of interest is whether Amazon has an unfair advantage over third party merchants when it competes with them to sell similar products on its own platform.A key early task for the FTC is defining Amazon’s competitive universe. The company has long argued that it should be considered a retailer that competes against rivals online and offline, a designation that Amazon says gives it a meager 4% share of the U.S. retail market. If Amazon’s market is narrowly defined as online shopping, its share rises to almost 40%—giving it significant leverage. Narrowing the market by product category, such as electronic books, gives Amazon even more dominance.The FTC is also seeking to determine the extent of Amazon’s power over its suppliers. All three merchants fielded questions on how much of their revenue comes from Amazon compared with other online platforms. Many sellers get 90% or more of their sales from Amazon, making them vulnerable to the company’s demands and abrupt, unexplained changes in its policy.FTC investigators examining Amazon likely want to move quickly to make sure states or other agencies don’t get ahead of them, said Jennifer Rie, an analyst at Bloomberg Intelligence who specializes in antitrust litigation. The investigators start by learning the inner workings of the company before narrowing their inquiry.“They’re trying to learn as much as they can about the industry from people who aren’t the target of their investigation,” Rie said. “They’re in a background phase.”The FTC’s interest in Amazon is spreading to sellers via word-of-mouth. Some merchants fear incurring Amazon’s wrath by cooperating with the agency. One who spoke with an FTC attorney said he was assured the conversation would be confidential unless it led to an official complaint against Amazon or the transcript was subpoenaed by Congress.“These conversations are going to keep happening,” said Chris McCabe, a former Amazon employee who now runs a business helping Amazon merchants. “I’ve had several people ask me how to go to the FTC. I give them an email, and the FTC is taking their calls.”Desperation prompted merchant Karnani to contact the agency to report his difficulties selling video games and electronics on the site. Karnani told investigators he lost 10% of his sales after Apple and Amazon reached an agreement last year to limit who could sell Apple products on the site. The change followed years of concern about counterfeit iPhone accessories. He also described account suspensions in recent months during which Amazon hung on to his inventory and money.“I told them if Amazon suspends you, it’s like a death knell,” said Karnani, who has been selling on the site for two years. “I told them when Amazon shuts you off, they sit on your money for 90 days and there’s nothing you can do. They were surprised about that.”Merchants can appeal suspensions. But even if they prevail, it’s a guilty-until-proven-innocent process that can cut off their sales for weeks without warning, potentially putting them out of business. Amazon in August instituted a new 30-day-notice policy regarding suspensions to appease regulators in Germany, who maintained the process was unfair because it wasn’t transparent. In an emailed statement, an Amazon spokesperson said: “We have an appeals process where sellers can explain how they will prevent the violation from happening in the future or let us know if they believe they were compliant.”Molson Hart, who sells toys on Amazon through his company Viahart, said he spoke with the FTC for 90 minutes about an article he posted on Medium detailing how 98% of his sales come from Amazon and that other platforms like EBay and Walmart account for less than 2% of revenue. He declined to discuss specifics of his conversation with FTC investigators but said the conversation focused on his Medium article. It argued that Amazon, which faces little competition online, has been raising fees and selling advertising—forcing merchants to raise prices.Another Amazon merchant, who spoke on condition of anonymity, said he spent about 90 minutes on the phone with an FTC investigator in July and has since provided the agency with documents and data.He described helping triple sales of a health and beauty brand by spending hundreds of thousands of dollars to advertise on the site. Amazon noticed, placed its own wholesale orders with the brand and sold the product directly, cutting him out and sticking him with hundreds of thousands of dollars in unsold inventory. Another time, he told investigators, Amazon discovered one of his products being sold for less at Walmart.com and then made the item less visible to shoppers until the Walmart price went back up.If merchants are so reliant on Amazon for sales that they are unwilling to offer better prices on other platforms like Walmart and EBay, that can hurt competition, said Diana Moss, president of the American Antitrust Institute, a nonprofit that advocates for aggressive antitrust enforcement.  “That really is the central question in an inquiry like this, and that's why Amazon downplays its market power.”To contact the authors of this story: Spencer Soper in Seattle at ssoper@bloomberg.netBen Brody in Washington at btenerellabr@bloomberg.netTo contact the editor responsible for this story: Robin Ajello at rajello@bloomberg.net, Emily BiusoFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Shopify Buys 6 River, Threatens Amazon's Warehouse Tech Lead
    Zacks

    Shopify Buys 6 River, Threatens Amazon's Warehouse Tech Lead

    Shopify's (SHOP) acquisition of 6 River Systems is expected to boost its competitive position in the fulfillment network space dominated by Amazon.

  • Jack Ma Ends 20-Year Reign Over Alibaba Wealth Creation Empire
    Bloomberg

    Jack Ma Ends 20-Year Reign Over Alibaba Wealth Creation Empire

    (Bloomberg) -- Jack Ma is giving up the reins of Alibaba Group Holding Ltd. after presiding over one of the most spectacular creations of wealth the world has ever seen.The former English teacher steps down as executive chairman of China’s largest company on his 55th birthday after amassing a $41.8 billion fortune -- a trove surpassed only by India’s Mukesh Ambani in Asia, according to the Bloomberg Billionaires Index. His record-breaking rise from a bootstrapped entrepreneur working out of his apartment in 1999 to jet-setting e-commerce mogul is one for the history books, mirroring China’s own evolution from technological backwater to world’s No. 2 economy.Over two decades, Ma and his co-founders built a business-to-business marketplace into a $460 billion titan that bested EBay Inc. and Amazon.com Inc., operates one of the world’s largest cloud computing businesses, and runs a logistics network that delivers millions of parcels every day. Now the country’s most recognizable businessman, he hands the helm on Tuesday to finance maven Daniel Zhang -- a momentous transition for Asia’s largest corporation.Read more: New Alibaba Chief Explains Why He Wants to Kill His Own BusinessMa became Asia’s richest person in 2016, overtaking Dalian Wanda Group Chairman Wang Jianlin. The title now belongs to Reliance Industries Ltd. Chairman Ambani, who’s worth $47.4 billion, according to a Bloomberg ranking of the world’s 500 wealthiest individuals.The Alibaba co-founder has become the face of Chinese business even while a member of the ruling Communist Party. Ma, who recalled in a 2015 interview how KFC once rejected his job application, currently owns a 5.3% Alibaba stake worth $24.6 billion, or about 10-fold the $2.6 billion his 7.4% slice in 2012 was worth. Since taking over as executive chairman in 2013, Alibaba’s revenue has surged about 1,100% to 378.8 billion yuan ($56.2 billion) in the year ended March 2019. His fortune doesn’t count shares in the company held by his foundation, or the value of stock he’s sold over time.Ma isn’t the only person to derive fabulous wealth from the Alibaba empire. The company’s trajectory at one point spawned at least 10 other billionaires across its ecosystem, from a parcel delivery company and supermarket to an online payments affiliate. Despite stepping down, Ma is expected to remain pivotal to a sprawling industrial machine with e-commerce at its heart.“At this point, it’s still unlikely that Zhang would make important decisions without Ma’s support,” said Brock Silvers, managing director at Shanghai-based Kaiyuan Capital, an investment advisory firm.Read more: Alibaba’s rise creates 10 billionaires not named Jack Ma\--With assistance from Pei Yi Mak.To contact the reporter on this story: Venus Feng in Hong Kong at vfeng7@bloomberg.netTo contact the editors responsible for this story: Pierre Paulden at ppaulden@bloomberg.net, ;Peter Elstrom at pelstrom@bloomberg.net, Peter Eichenbaum, Edwin ChanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Is Amazon Losing Control of Its Platform?
    Motley Fool

    Is Amazon Losing Control of Its Platform?

    Just as social media sites have struggled to limit misinformation on public platforms, the e-commerce giant has been ineffective in its handling of third-party sellers.

  • Elliott’s $3.2 Billion AT&T Bet Signals ‘There Will Be a Fight’
    Bloomberg

    Elliott’s $3.2 Billion AT&T Bet Signals ‘There Will Be a Fight’

    (Bloomberg) -- AT&T Inc.’s sweeping transformation from Ma Bell to a multimedia titan has gone both too far and not far enough for Elliott Management Corp.Billionaire Paul Singer’s New York hedge fund disclosed a new $3.2 billion position in AT&T, taking on one of the nation’s biggest and most widely held companies with a plan to boost its share price by more than 50% through asset sales and cost cutting.Investors applauded the development, briefly sending AT&T shares on their biggest intraday rally in more than a decade.For Singer, the move represents one of the biggest bets in the four decades since the hard-driving activist investor founded his firm. And it strikes at the core of the way AT&T has built its bigger-is-better empire: a costly M&A binge that has turned the carrier into one of the most indebted companies on Earth.“There will be a fight,” said Chetan Sharma, a wireless-industry analyst.Elliott outlined a four-part plan for the company in a letter to its board Monday. The proposal calls for the company to explore divesting assets, including satellite-TV provider DirecTV, the Mexican wireless operations, pieces of the landline business, and others.It urges AT&T, led by Chief Executive Officer Randall Stephenson, to exit businesses that don’t fit its strategy, run a more efficient operation and stop making major acquisitions. Elliott said it would also recommend candidates to add to AT&T’s board.In response, AT&T said it would review Elliott’s recommendations and said many of them are “ones we are already executing today.”The telecom giant said its strategy is “driven by the unique portfolio of valuable businesses we’ve assembled across communications networks and media and entertainment, and as Elliott points out, is the foundation for significant value creation.”The carrier said it believes that “growing and investing in these businesses is the best path forward for our company and our shareholders.”Still, investors seem to think Elliott’s plan could wring more value from AT&T. The shares surged as much as 5.2% to $38.14 in New York trading Monday. That was the biggest intraday jump since March 2009 and put them at their highest level since February of last year. They later settled down to a 2.7% gain amid a broader pullback in the market.Elliott said the investment -- among its largest to date -- was made because the company is deeply undervalued after a period of “prolonged and substantial underperformance.” It argued this has been marked by its shares lagging the broader S&P 500 over the past decade.It pointed to a series of strategic setbacks, including $200 billion in acquisitions, the “most damaging” of which was its $39 billion attempted purchase of T-Mobile US Inc. That deal resulted in the largest breakup fee of all time when the government blocked it in 2011 -- about $6 billion in cash and assets.“In addition to the internal and external distractions it caused itself, AT&T’s failed takeover capitalized a viable competitor for years to come,” Elliott said.The hedge fund also slammed the subsequent acquisitions of DirecTV and media giant Time Warner Inc. That puts particular pressure on Stephenson, 59, who oversaw the deals Elliott criticized in the letter.But, while the position in AT&T is large, Elliott may have a difficult time pushing for change unless it gets other investors to back its stance. Its newly disclosed stake in AT&T represents just about 1.2% of the company’s total market value.Elliott’s plan also calls for aggressive cost-cutting measures that aim to improve AT&T’s margins by 3 percentage points by 2022. Those margins have come under pressure amid cord cutting in video and widespread discounting in wireless, and Elliott said competitors like Verizon Communications Inc. have done a better job addressing those headwinds.Elliott said in the letter it has identified opportunities for savings in excess of $10 billion, but the plan would only require cost cuts of $5 billion.Elliott is also calling for a series of governance changes, including separating the roles of CEO and chairman -- currently held by Stephenson -- and the formation of a strategic review committee to identify the opportunities at hand.Transformative DealsWith a series of deals over the past several years, AT&T has transformed itself from a traditional telecom company into a multimedia behemoth. The company bought satellite-TV provider DirecTV for $67 billion in 2015, leaping into first place among U.S. pay-TV companies. Elliott criticized that deal in its letter as having come “at the absolute peak of the linear TV market.”AT&T then moved firmly into entertainment and media with the $85 billion acquisition of Time Warner in 2018. That deal brought marquee assets such as HBO, CNN and Warner Bros.“Despite nearly 600 days passing between signing and closing (and more than a year passing since), AT&T has yet to articulate a clear strategic rationale for why AT&T needs to own Time Warner,” Jesse Cohn, a partner at Elliott, and Marc Steinberg, an associate portfolio manager, said in the letter. “While it is too soon to tell whether AT&T can create value with Time Warner, we remain cautious on the benefits of this combination.”High-Profile FightsElliott has a history of tackling some of the biggest and most high-profile companies around the globe, including EBay Inc., Pernod Ricard SA, and Bayer AG in the past year alone. The AT&T investment marks Elliott’s single largest equity investment with an activist slant.It’s not the first time Elliott has taken on a major telecommunications company, either. The hedge fund battled Vivendi SA for control of the board of Telecom Italia SpA, eventually winning control in 2018 in a fight that dragged on into this year.Those battles don’t always end in success. In Elliott’s proxy fight at Hyundai Motor Group earlier this year, investors opted not to elect its slate of directors at two of the South Korean manufacturer’s subsidiaries. But even in some of its major losses, like at Samsung Electronics Co., the repercussion of its agitations can send ripples beyond the proxy clash.Samsung managed to keep Elliott at bay in 2015 but touched off a series of events that resulted in a brief jail term for the electronics giant’s billionaire heir apparent for influence peddling, protests by hundreds of thousands of people in Seoul, and the downfall and imprisonment of South Korea’s president, Park Geun-hye.Heavy DebtAT&T is the most indebted company in the world -- not counting financial firms and government-backed entities -- with $194 billion in total debt as of June, a legacy of Stephenson’s steady clip of large acquisitions. The CEO used to keep a spreadsheet of a few dozen companies that he studies on his tablet to plan his next big deal, people familiar with the matter told Bloomberg in 2016.The stock is among the top 20 most widely held U.S.-traded companies among institutional investors, according to data compiled by Bloomberg. That’s partially because of its steady dividend, which totaled $2.04 a share last year, giving investors a reliable payout in good times and bad.What Bloomberg Intelligence Says“AT&T will likely be under greater pressure to streamline operations and wring better performance out of Time Warner following the involvement of activist investor Elliott Management, yet this probably won’t prompt a change in company strategy. ... Elliott’s recommendation to spin off the DirecTV satellite business isn’t practical, in our view, as AT&T likely needs its free cash to help fund its dividend.”\-- John Butler, senior telecom analyst, and Boyoung Kim, associate analystClick here to view the research.Phone companies have also traditionally been considered a safety net for investors in bad economic times because people still need to communicate, though AT&T’s exposure to the landline business has more recently been a drag on profits because more people are shutting off their home phones and going wireless-only.Elliott’s move also put AT&T back in the cross hairs of one of its biggest critics: Donald Trump.The president, whose Justice Department unsuccessfully opposed AT&T’s Time Warner acquisition and who has slammed CNN’s coverage of him, cheered on Elliott’s efforts.“Great news that an activist investor is now involved with AT&T,” he tweeted.\--With assistance from Olga Kharif.To contact the reporter on this story: Scott Deveau in New York at sdeveau2@bloomberg.netTo contact the editors responsible for this story: Liana Baker at lbaker75@bloomberg.net, Nick Turner, John J. Edwards IIIFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Paypal Co-Founder Max Levchin is ‘always very bullish’ on financial services startups
    Yahoo Finance

    Paypal Co-Founder Max Levchin is ‘always very bullish’ on financial services startups

    "That little thing is broken, and it could really use some fixing, it is inevitably measured in hundreds of millions of dollars.”

  • EBAY or AMZN: Which Is the Better Value Stock Right Now?
    Zacks

    EBAY or AMZN: Which Is the Better Value Stock Right Now?

    EBAY vs. AMZN: Which Stock Is the Better Value Option?

  • eBay (EBAY) Upgraded to Buy: Here's Why
    Zacks

    eBay (EBAY) Upgraded to Buy: Here's Why

    eBay (EBAY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank 2 (Buy).

  • StubHub Draws Interest From Vivid Seats and KKR
    Bloomberg

    StubHub Draws Interest From Vivid Seats and KKR

    (Bloomberg) -- StubHub, the ticket marketplace EBay Inc. is selling, has drawn interest from suitors including rival Vivid Seats LLC and buyout firm KKR & Co., according to people familiar with the matter.Silver Lake is weighing a bid for StubHub, which could fetch about $3 billion, said the people, who asked to not be identified because the matter isn’t public. The sale process has begun in recent weeks, they said. No decision has been made and the suitors may opt to not proceed with offers, they said.EBay in March announced a strategic review of assets including StubHub and its Classifieds Group in conjunction with a settlement agreement with activist investors Starboard Value and Elliott Management Corp., which had called for the sale or spinoff of those two divisions. EBay hasn’t yet decided if or when to proceed with a sale process for the Classifieds business, the people said.Representatives for EBay, KKR and Vivid Seats declined to comment. A representative for Silver Lake didn’t respond to requests for comment. Chicago-based Vivid Seats is backed by the private equity firms GTCR and Vista Equity Partners.EBay fell 1.4% to close at $39.74 in New York trading Tuesday, giving the San Jose, California-based company a market value of about $33.3 billion. The shares have risen about 14% in the past year.StubHub, which lets people buy and sell tickets to concerts and sporting events online, had $1.1 billion in net transaction revenue in 2018, an increase of 6% from a year earlier, according to EBay’s most recent annual report. EBay bought it for $310 million in 2007.Classifieds had about $1 billion in revenue during that same time period, an increase of 14% from a year before. Classifieds, which operates under brands including Mobile.de, Kijiji and Gumtree, helps people list various products and services, often for free.(Adds interest from Silver Lake in second graph.)\--With assistance from Liana Baker.To contact the reporters on this story: Kiel Porter in Chicago at kporter17@bloomberg.net;Scott Deveau in New York at sdeveau2@bloomberg.net;Gillian Tan in New York at gtan129@bloomberg.netTo contact the editors responsible for this story: Daniel Hauck at dhauck1@bloomberg.net, Matthew MonksFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Companies to Watch: Roche gets more time for Spark deal, AstraZeneca shows promise in clinical trial, Snap get upgraded
    Yahoo Finance

    Companies to Watch: Roche gets more time for Spark deal, AstraZeneca shows promise in clinical trial, Snap get upgraded

    Roche, Spark, AstraZeneca, Snap, Walmart and eBay are the companies to watch

  • Electronic-Commerce Outlook: Rich Valuation Limits Picks
    Zacks

    Electronic-Commerce Outlook: Rich Valuation Limits Picks

    Electronic-Commerce Outlook: Rich Valuation Limits Picks

  • Best Buy Shares Drop After Earnings Beat, but e-Commerce Looks Strong
    Zacks

    Best Buy Shares Drop After Earnings Beat, but e-Commerce Looks Strong

    Best Buy (BBY) reported stronger-than-projected earnings Thursday morning, yet investors were mildly disappointment. The stock fell 7.99% during regular trading hours. However, BBY shares are still up 19.2% YTD.

  • Third-Party Sellers: Opportunity or Threat for Amazon?
    Market Realist

    Third-Party Sellers: Opportunity or Threat for Amazon?

    At the end of the second quarter, Amazon’s (AMZN) third-party sellers accounted for 54% of the paid units sold on the platform.

  • Be Sure To Check Out eBay Inc. (NASDAQ:EBAY) Before It Goes Ex-Dividend
    Simply Wall St.

    Be Sure To Check Out eBay Inc. (NASDAQ:EBAY) Before It Goes Ex-Dividend

    It looks like eBay Inc. (NASDAQ:EBAY) is about to go ex-dividend in the next 3 days. Investors can purchase shares...

  • Amazon's Future Coupons Deal to Aid Indian Retail Footprint
    Zacks

    Amazon's Future Coupons Deal to Aid Indian Retail Footprint

    Amazon (AMZN) agrees to acquire 49% stake in Future Coupons, through which it will be entitled to snap up a minority share in Future Retail.

  • E-Commerce Gathers Steam in India: AMZN, WMT, BABA in Focus
    Zacks

    E-Commerce Gathers Steam in India: AMZN, WMT, BABA in Focus

    India's e-commerce market is rapidly growing and becoming competitive with players striving to gain an edge.

  • Bloomberg

    Amazon Spends $15 Billion to Help Merchants in Charm Offensive

    (Bloomberg) -- Amazon.com Inc., criticized for wielding too much power over third-party merchants on its marketplace, said it will spend some $15 billion this year to help them boost sales.The sum, which Amazon hasn’t previously disclosed, includes spending on portions of the company’s warehouse network dedicated to storing and shipping sellers’ items as well as salaries for the engineers, managers and support staff who operate the digital marketplace and deal with individual merchants. It also includes the cost of developing new services, such as a dashboard that helps sellers decide what new products to carry, and a revamped training program.Nicholas Denissen, a vice president, declined to say how the company’s anticipated $15 billion in spending had changed from 2018 or what portion of Amazon’s companywide expenses it represents. “I would say it’s a lot of money,” he said.Besides buying and selling goods itself, Amazon has for more than a decade rented space on its website to third-party sellers -- many of them mom-and-pop merchants -- who last year accounted for 58% of the company’s unit sales.Many of these sellers have built profitable businesses on Amazon, but some have complained in recent years about the rising costs of using the company’s logistics network and buying ads to stand out on the increasingly cluttered website. Some have tried to reduce their reliance on the site by selling their wares on Walmart.com and EBay but are resigned to the fact that Amazon generates most of their sales.Denissen said Amazon has been responsive to seller feedback. “I can’t think of one meeting or one day I’ve been in where somebody isn’t obsessing or fighting on behalf of selling partners,” he said.The Seattle-based company’s relationship with independent sellers has also drawn scrutiny amid a broader examination of whether U.S. tech giants are violating antitrust law. The European Union is investigating whether Amazon is shortchanging smaller merchants. In the U.S., the Federal Trade Commission has spoken to at least one Amazon seller, and the regulator’s chairman said he would be interested in hearing from more.Amazon in the last few years has made merchants fixtures of its marketing and lobbying campaigns, an effort to portray itself as a friend of the little guy rather than a behemoth putting Main Street shops out of business. Denissen, who for the last few years oversaw new programs geared toward small- and craft-sellers as vice president of “marketplace business,” took on a new title in July as VP of “small business.”“Think of me a little bit as the voice of small businesses,” inside Amazon, he said.This year the company rolled out reduced storage fees for sellers who take Amazon’s suggestions on inventory levels and a program that automates pricing while guaranteeing merchants a minimum price. One service, a seller performance dashboard, is designed to warn sellers who aren’t meeting Amazon standards before cutting them off. The company has released more than 150 new tools, including programs made widely available after initial launches in the U.S.“Their success is our success,” Denissen said of Amazon’s sellers. “We’d be more than stupid to not listen to them, or ignore any concerns that they have.”To contact the reporter on this story: Matt Day in Seattle at mday63@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Robin Ajello, Andrew PollackFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • eBay Inc. (NASDAQ:EBAY) Earns A Nice Return On Capital Employed
    Simply Wall St.

    eBay Inc. (NASDAQ:EBAY) Earns A Nice Return On Capital Employed

    Today we are going to look at eBay Inc. (NASDAQ:EBAY) to see whether it might be an attractive investment prospect. In...

  • Alibaba to Expand E-Commerce Presence With Kaola Acquisition
    Zacks

    Alibaba to Expand E-Commerce Presence With Kaola Acquisition

    Reportedly, Alibaba Group Holding (BABA) has agreed to acquire an e-commerce company, Kaola Unit, from NetEase Inc. for approximately $2 billion.

  • Is It Time for Microsoft to Spin Off Skype?
    Motley Fool

    Is It Time for Microsoft to Spin Off Skype?

    With talent and resources going into Teams, it's probably time to re-evaluate Skype's future.

  • Adyen CEO on 1H Earnings, eBay, Payments Competition
    Bloomberg

    Adyen CEO on 1H Earnings, eBay, Payments Competition

    Aug.22 -- Adyen BV Chief Executive Officer Pieter van der Does discusses the payment processor's first-half performance, growth efforts, and industry competition. He speaks on "Bloomberg Markets: European Close."

By using Yahoo, you agree that we and our partners can use cookies for purposes such as customising content and advertising. See our Privacy Policy to learn more