EBay Boss Says Holiday Shopping Now Starts Before Thanksgiving (and on Mobile)
*By Bridgette Webb*
In more than 20 years of business, eBay has grown to become the globe's second largest online retailer, with 177 million active buyers worldwide in 190 markets.
The company, in terms of online sales will have more online transactions than Walmart, Macy's($M) and Best Buy ($BBY) combined, according to company estimates.
It's a stat that the company hopes will propel it to success on what is poised to be the biggest shopping day of the year, Cyber Monday.
"We are building on incredible momentum from last week," Scott Cutler, eBay's SVP for the Americas said Monday on an interview on Cheddar. "We are expecting an amazing day across the array of products that eBay has to offer."
The annual online event is set to become the largest ー and fastest ー growing shopping days of the year ,according to Adobe Analytics data, which expects the annual event to hit $7.7 billion dollars in sales, marking an over 17 percent increase from last year.
According to Cutler, the fervor surrounding both Cyber- Monday and Black Friday has spread to the days before Thanksgiving, ultimately presenting a new opportunity for mobile payments. He said the site saw serious traffic even before the national holiday ー and then again on Black Friday.
Abrar Al-Heeti, Tech Reporter at CNET, explains what will happen if and when the TikTok app is banned in the United States. Plus, who may buy it? Watch!
Chris Lafakis, Director at Moody's Analytics, discusses how home insurance may change as a result of the devastation in California brought on by the LA fires.
Brian Rosen, Founder and CEO of InvestBev, discusses what the Surgeon General’s new Advisory on Alcohol and Cancer Risk means for the adult beverage business.
Damage from the Los Angeles inferno is setting records—and it's not over. Plus, rate-cut drama, the battle over Greenland, and Zuckerberg bends the knee.
Watch Duty CEO, John Mills, talks to Cheddar about how the app works, how it helps people in real time and how people can donate to help those affected.
JP Richardson, CEO at Exodus, discusses bringing Exodus public, his thoughts on the future of crypto markets, and tips to take the first steps into the space.
Jonathan Alter, journalist and author, discusses Trump's threats to take back the Panama Canal, unraveling foreign policy work done by Jimmy Carter in 1978.
