Coronavirus has spelled the bankruptcies and even the end for many struggling companies, but it’s given a new window of opportunity for eBay in its continued fight against larger rival Amazon.
Second-quarter gross merchandise value, or GMV, sold on eBay platforms worldwide rose 29% to $27.1 billion, the San Jose, California company said late Tuesday. The growth rate, the best eBay has seen in 15 years, followed at least five quarters of either flat or declining rates. In the U.S., GMV surged 35% last quarter after at least five straight decreases.
