EBay Rang Up $2 Billion in Mobile Sales in 2010

EBay said today that global mobile sales more than tripled in 2010, generating nearly $2 billion in gross merchandise volume. (GMV is the total value of all successfully sold items on eBay, regardless of whether the buyer and seller finalized the deal.) While that’s good news for the retailer, which has seen overall revenue growth slow down, it is still a small sliver of the overall pie. In comparison, eBay reported total GMV of $44.9 billion in the first three months of 2010. In the U.S., eBay said mobile sales grew nearly 175 percent year-over-year, generating nearly $850 million in GMV in 2010.


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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