As of the end of 2022, the platform had connected over 132 million buyers and around 20 million sellers across almost 190 global markets. eBay ( NASDAQ:EBAY) generates revenue from various sources, including listing fees, advertising, revenue-sharing arrangements with service providers, and managed payments. This placed the company among the top 10 global e-commerce businesses. Click here to check it out.ĮBay Inc ( NASDAQ:EBAY), one of the largest e-commerce marketplaces globally, reported $74 billion in gross merchandise volume in 2022. Warning! GuruFocus has detected 4 Warning Signs with EBAY. This article seeks to answer the question: Is eBay ( NASDAQ:EBAY) significantly undervalued? By diving into a detailed valuation analysis, we aim to provide valuable insights for potential investors and current shareholders. In February, the company acquired AI-powered fraud detection company 3PM Shield.With a notable daily gain of 3.85% and an Earnings Per Share (EPS) of 2.47, eBay Inc ( NASDAQ:EBAY) presents an intriguing investment proposition. In 2021, eBay acquired Sneaker Con Digital’s authentication business, which verifies the authenticity of high-value footwear. This latest acquisition comes as eBay has been looking to enhance its authentication and fraud detection capabilities over the past few years. “Our team is ready to get right to work incorporating our technology and infrastructure and ensuring a seamless transition for our customers, brand partners, and the entire eBay community towards a more sustainable, connected future.” “The partnership between Certilogo and eBay will unlock opportunities for consumers and brands to connect, opening up new potential to activate and expand engagement with the circular economy,” said Certilogo CEO and founder Michele Casucci in a statement. eBay also noted that it provides customers with more confidence as they make more sustainably conscious purchase choices. The company said the purchase solidifies eBay as a trusted destination to shop for pre-loved apparel and fashion. When eBay first announced the purchase back in May, the company said the acquisition marked a key investment in the growing pre-loved fashion category. Brands will also be able to protect their customers from counterfeits and engage in recommerce through counterfeit-proof digital product passports.” ![]() “Through this acquisition, eBay will be able to offer brands secure, connected product solutions that are both flexible and compatible. “We are excited to welcome the talented Certilogo team to eBay, as they bring their passion and cutting-edge technology to our community of fashion enthusiasts,” said eBay VP Charis Marquez in a statement. eBay’s acquisition indicates that it’s looking to boost secondhand fashion authentication on its marketplace. ![]() The Milan-based company will continue to be led by CEO Michele Casucci.Ĭertilogo uses digital technology to help brands manage the lifecycle of their garments, while providing consumers a way to confirm authenticity and access reliable information about items. The financial terms of the deal were not disclosed. EBay announced today that it has closed its acquisition of Certilogo, a company that provides AI-powered apparel and fashion goods digital IDs and authentication.
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