Quote:
Originally Posted by packs
This notion that PWCC was or is a threat to eBay's business is absurd. eBay does not only sell sports memorabilia and the sports memorabilia it does sell makes up a fraction of it's entire revenue. There is no competing with eBay. It's like saying Yahoo is competing with Google. They both exist, but they're not in competition with each other.
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Of course PWCC is a threat to ebay's business. They did something like 150 million in revenue in just the first half of 2021 alone. And all those cards that they're selling are in their possession, in their vault. They weren't just the largest seller of sports cards on ebay, they were the largest seller by a long shot. They were also one of ebay's largest sellers in any category, not just cards. When PWCC launches their new platform, they're taking that business with them. Ebay stands to lose a significant revenue stream if those cards are no longer being sold on their platform. Is it going to bankrupt eBay? No, of course not. But it's definitely a kick in the balls to their wallet. Plus, if PWCC is successful, and if they are able to provide a platform with even lower selling fees, they could end up gaining a much larger share of that market in the future. It is without question in ebay's best interest to do whatever they can to ensure this doesn't happen. Ebay is also well known for playing dirty. Cutting off their competition and capping them at the knees by sending out an email blast to all of PWCC's buyers is precisely the sort of calculated move I would expect from eBay. They've earned their reputation for a reason. As has PWCC. Which of the various theories, if any, turn out to be true in the end, I guess we'll just have to wait and see. But you'd be foolish to think that PWCC poses no threat to ebay's business. Even myslabs.com poses a threat to ebay. Hell, myslabs just cost ebay $350 yesterday when I sold just one card on their platform that I otherwise would have sold through ebay. Those fees add up quick.