Gadgets on Show in Your House Are Value 1000's: eBay CEO

[ad_1] The CEO of eBay, Jamie Iannone, says that you simply're doubtless sitting on treasures value 1000's of {dollars}.

On Yahoo Finance's Opening Bid Unfiltered podcast this week, Iannone mentioned that a mean family comprises a minimum of $3,000 to $4,000 value of things that might be offered on-line. Collectibles like Pokémon playing cards and buying and selling playing cards, for instance, had been a "huge enterprise" that contributed to $10 billion value of merchandise offered yearly.

"The entire thought is to unlock what's in folks's closets and garages and homes," Iannone mentioned on the podcast. "And so, actually unlocking all of that incredible stock."

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The net retailer and public sale web site turned 30 years outdated this month and has 134 million lively consumers utilizing the platform through the second quarter of the yr, in accordance with the corporate. The corporate's market worth was over $40 billion on the time of writing, and its inventory was up over 46% year-to-date.

Iannone grew to become eBay's CEO in 2020. Since then, the corporate's market capitalization has grown by $7 billion.

eBay CEO Jamie Iannone. Photographer: Victor J. Blue/Bloomberg by way of Getty Pictures

Iannone highlighted that not all sellers on eBay supposed to develop into entrepreneurs or create a aspect hustle — they had been merely searching for methods to make additional money. Moreover collectibles, secondhand gadgets are fashionable on eBay, particularly amongst youthful consumers. Iannone mentioned that almost half of the gadgets (40%) offered on the location are used or refurbished.

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"We have now plenty of unintended entrepreneurs, folks that did not intend to construct a enterprise on eBay, they only wanted cash," Iannone mentioned on the podcast. "In order that they turned to eBay to make slightly extra cash and turned that right into a aspect enterprise."

In July, eBay reported its second-quarter 2025 outcomes, posting income of $2.7 billion, up 6% from the identical time final yr. Gross merchandise quantity of merchandise offered on eBay was $19.5 billion for the quarter, additionally up 6%.

The CEO of eBay, Jamie Iannone, says that you simply're doubtless sitting on treasures value 1000's of {dollars}.

On Yahoo Finance's Opening Bid Unfiltered podcast this week, Iannone mentioned that a mean family comprises a minimum of $3,000 to $4,000 value of things that might be offered on-line. Collectibles like Pokémon playing cards and buying and selling playing cards, for instance, had been a "huge enterprise" that contributed to $10 billion value of merchandise offered yearly.

"The entire thought is to unlock what's in folks's closets and garages and homes," Iannone mentioned on the podcast. "And so, actually unlocking all of that incredible stock."