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eBay Stock: What Drives The Value Of The Stock?

eBay Inc. (EBAY) is a leading e-commerce platform connecting millions of buyers and sellers from almost every part of the world. The boom in online shopping triggered by the pandemic has benefited leading e-commerce providers, including eBay.

As a result, eBay stock is up more than 42 percent so far in 2021. The stock is currently trading at an all-time high of $ 74, while the company’s total market value has just passed the $ 50 billion mark.

Latest development

More and more people have started collecting and trading cards from various sports such as baseball, golf, and soccer. They pay huge sums for these cards. eBay has benefited from this trend by allowing the buying and selling of cards on its platform. The sports trading card market is valued at more than $ 5 billion and eBay is trying to get a bigger share of that market.

Should Investors Sell Right Now? Or is it worth getting started on eBay?

As part of this effort, the company introduced new trading card functionality on Thursday. The new tools make it easier for users to manage and track the value of their cards and to offer them for sale on eBay.

Bottom line

eBay generates a sizeable amount of revenue from trading cards. The gross merchandise value of the cards sold via the platform rose last year by 142 percent compared to 2019.

With 20 million new card offers in the first quarter, the company is seeing the same dynamic this year. In addition, the introduction of new tools will help eBay further increase its share of the sports card market.

Should eBay Investors Sell Right Now? Or is it worth getting started?

How will eBay develop now? Is your money safe in this stock? The answers to these questions and why you need to act now can be found in the latest analysis of the eBay share.

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