EBay Peaks at 9,500 Mobile Transactions an Hour During Holidays

With roughly two weeks to go before Christmas, eBay is predicting that holiday shopping via mobile phones has already peaked. The curve topped out yesterday–on the second Sunday of December, eBay said. In the U.S., mobile gross merchandise volume (GMV) grew to $5 million, a 127 percent increase over the same Sunday last year. On a global basis, mobile transactions generated $13 million, growing 165 percent. The e-commerce site said mobile shopping peaked between 1 pm and 4 pm EST, with more than 9,500 transactions being made per hour.


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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work