Retail

eBay Offloads Classified Ads Business for Nearly $10 Billion: Business Casual

Powered by RedCircle Online shopping fixture eBay has continued slimming operations, selling its classified ads business to Norwegian retailer Adevinta for nearly $10 billion. This is the latest in a line of similar moves for the company, which split with PayPal in 2015 and offloaded StubHub to Viagogo in 2019. On this Business Casual snippet,…

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July 24, 2020, 8:00 AM UTC

eBay Offloads Classified Ads Business for Nearly $10 Billion: Business Casual

Online shopping fixture eBay has continued slimming operations, selling its classified ads business to Norwegian retailer Adevinta for nearly $10 billion.

This is the latest in a line of similar moves for the company, which split with PayPal in 2015 and offloaded StubHub to Viagogo in 2019.

On this Business Casual snippet, hosts Daniel Litwin and Tyler Kern highlight what this could mean not only for eBay, but for the wider world of ecommerce and advertising on online retail platforms.

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