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The Brightside of Ebay in the Next Three Years

After eBay (EBAY) CEO John Donahoe foresees growth of eBay in 2015, their revenue will be $21.5 billion to $23.5 billion. The aggressive goals drove its shares up more than 4 percent today.

 

After bleeding market share to Amazon.com Inc for years, eBay, under Chief Executive John Donahoe, began a turnaround effort in 2009 that put the Internet commerce company back on track by borrowing from its larger rival's playbook. CEO Donahoe said that the company would handle $300 billion of commerce in 2015 in various ways, up 71 percent from $175 billion in 2012.

Also eBay plan to expand more cities for same-day shipping program. Same-day shipping competition appears to be heating up quickly. Wal-Mart (WMT) is mulling over an unorthodox crowdsourcing plan to have its own customers deliver items to online buyers.  Amazon (AMZN) also doing widespread same-day shipping.

For right now eBay is doing pretty good. We have to see in the long run that eBay will do that well like they expected. I will buy eBay for a long term.

 

Picture : Wikimediacommons