eBay (EBAY) has been largely forgotten among the exciting buzzy unicorn stories that we constantly hear about on business television over the last few years.
The Internet auction pioneer once held that kind of status during the dot com days of the 90s but that was 20 years ago. Since then, it’s cycled through a bunch of CEOs and seen its revenue growth grind to a snail’s pace. Many tech-focused investors would consider eBay almost dead at this point.
But Internet giants — even former ones like eBay — never truly die. Their traffic (which of course is linked to their CAC) just keeps coming like some kind of zombie apocalypse.
Eric Jackson makes a bullish case for eBay. Read his commentary on Medium.