James Mitchell at a little firm called Goldman Sachs, put out an interesting report today that seemed to address concerns around pressure that video game console declining sales put on Amazon for Q2. In there he looks at some of the 'heartbeat' metrics of the business and compares them to eBay as a comp.
They say a picture is worth a thousand words and I thought in this case I'd put two out there for a nice 2k word message. The bottom line is that while eBay definitely is stabilizing, they aren't out of the woods yet and let's not forget they face a competitor unlike any foe they have ever faced.
Figure 1: Amazon vs. eBay User growth since 2006
Figure 2: Amazon vs. eBay Y/Y unit growth rates (unit = items sold via the respective site)
SeekingAlpha disclosure: I am long Amazon and Google. eBay is an investor in ChannelAdvisor.
Scot, did Goldman do any work to relate eBay user ids to actual eBay users, or did they just accept active user ids as if they were individual users?
Posted by: nadine | 08/03/2009 at 07:17 PM