2020 Saw ‘Unprecedented Traffic’ on eBay, Says CEO; Stock Up Post-Q4

About one in 10 U.S. online shoppers bought something on eBay during the holiday season, said CEO Jamie Iannone on a Q4 call Wednesday evening. In Germany, it was one in seven, and in the U.K., one in four, he said. The platform experienced “unprecedented traffic levels” for most of 2020, he said: “More than 100 days in 2020 exceeded peak 2019 traffic levels.” The holiday contributed to record volume “with high velocity in hard-to-find and sold-out items,” he said. “Refurbished gifts also emerged as a top trend, and we saw many products from top brands in our certified refurbished experience sell out.” The stock closed 5.3% higher Thursday at $61.12.