The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 8 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Jordan: Beanie Babies drove 7% of eBay's GMV at its IPO
“Beanie Babies were something like seven percent of all gross merchandise sales when eBay went public. In fact, that was not highlighted in the S-One.”
Mougayar: OpenBazaar eliminates marketplace fees, saving sellers 8% to 10%
“In the, on, on OpenBazaar, and there are no listing fees. There are no fees that eBay or Etsy, whoever is in the middle, is going to be asking the sellers typically. So off the bat, there's like eight to nine to 10% that you can save initially.”
Jeff Jordan: Amazon and Yahoo's free auctions failed against eBay
“Amazon and Yahoo launch auction businesses early in eBay's life and they went for free. So every seller in the world said, I'll list, list my site there. It didn't work cause they hadn't, they couldn't get the buyers to show up there. So eBay, even though we w…”
Mercando: Beacons will enable physical stores to collect e-commerce style data
“One of the things that I'm interested in in beacons is when you walk into a physical space, you can now get more data on people and more information. So if you think about e-commerce You know, there, there's so much data that we were collecting, you know, when…”
Jordan: eBay accelerated growth at scale by layering fixed prices and payments
“At eBay, the original business was an auction business in the U.S. And so, you know, some of the things we layered on earlier, we layered on fixed price in the U S not revolutionary, but it really did increment growth. Then we went international and then we la…”
eBay generated $83 billion in gross merchandise sales and $3 billion FCF
“Gross merchandise sales last year was about eighty-three billion. Revenue, just under nine billion. Free cash flow, three billion dollars a year. The market cap, we said 30 to 40, actually today it's right in the middle, thirty-five billion dollars. Total vent…”