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Internet Auction Pioneer

On April 14, 2020, Eric Jackson wrote about an Internet Auction Pioneer –  largely forgotten among the exciting buzzy unicorn stories that we constantly hear about on business television over the last few years.

This online auction and shopping website 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 this consumer-to-consumer and business-to-consumer sales platform almost dead at this point.

But Internet giants 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 this internet auction pioneer. Read his commentary on Medium.

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