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.
Nvidia on Wednesday became the first public company to reach a market capitalization of $5 trillion. The ravenous appetite for the Silicon Valley company’s chips is the main reason that the company’s stock price has increased so rapidly since early 2023.
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A big-screen adaptation of the anime “Chainsaw Man” has topped the North American box office, beating a Springsteen biopic and “Black Phone 2.” The movie earned $17.25 million in the U.S. and Canada this weekend. “Black Phone 2” fell to second place with $13 million. Two new releases, the rom-com “Regretting You” and “Springsteen — Deliver Me From Nowhere,” earned $12.85 million and $9.1 million, respectively. “Chainsaw Man – The Movie: Reze Arc” is based on the manga series about a demon hunter. It's another win for Sony-owned Crunchyroll, which also released a “Demon Slayer” film last month that debuted to a record $70 million.
The Federal Aviation Administration says flights departing for Los Angeles International Airport were halted briefly due to a staffing shortage at a Southern California air traffic facility. The FAA issued a temporary ground stop at one of the world’s busiest airports on Sunday morning soon after U.S. Transportation Secretary Sean Duffy predicted that travelers would see more flights delayed as the nation’s air traffic controllers work without pay during the federal government shutdown. The hold on planes taking off for LAX lasted an hour and 45 minutes and didn't appear to cause continued problems. The FAA said staffing shortages also delayed planes headed to Washington, Chicago and Newark, New Jersey on Sunday.
