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    EBAY   US2786421030

EBAY INC.

(EBAY)
  Report
Delayed Quote. Delayed Nasdaq - 05/07 04:00:00 pm
59.78 USD   +1.63%
05/09Consumers Adjust to Higher Prices
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05/06EBAY  : New cancel function for unpaid items
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05/06EBAY  : Innovations Strengthen Our Partnership with Sellers
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REFILE-UPDATE 1-EBay says open to accepting to cryptocurrencies in future, exploring NFTs

05/03/2021 | 12:03pm EDT
FILE PHOTO: An eBay sign at an office building in San Jose, California

(Refiles to correct CEO name in paragraphs 5 and 8 to Iannone; Corrects typographical errors in paragraphs 1, 3 and 4)

May 3 (Reuters) - EBay Inc is open to the possibility of accepting cryptocurrency as a form of payment in the future and is looking at ways to get non-fungible tokens (NFTs) on its platform, the company said on Monday.

A growing number of companies have begun to accept virtual currencies as a form of payment, taking an asset class that had been shunned by major financial institutions a few years ago, a step closer to becoming mainstream.

Tesla Inc is already accepting bitcoin as payment for its electric cars, while payments giant PayPal last year started allowing customers to buy, sell and hold cryptocurrencies using its online wallets.

"We are always looking at the most relevant forms of payment and will continue to assess that going forward. We have no immediate plans, but it is something we are keeping an eye on," eBay said in a statement to Reuters.

In an interview with CNBC, Chief Executive Officer Jamie Iannone said that accepting virtual currency was an option the company was looking at.

EBay, which disappointed investors with a weak second-quarter profit forecast last week, said it was looking at a "number of ways" to get into the NFT space.

NFTs, a type of digital asset that exists on a blockchain, have exploded in popularity this year, with NFT artworks selling for millions of dollars and musicians such as the Kings of Leon rock group embracing them for their latest album.

"We're exploring opportunities on how we can enable it (NFTs) on eBay in an easy way," Iannone said on CNBC.

"Everything that's collectible has been on eBay for decades and will continue to be for the next few decades."

(Reporting by Uday Sampath and Akanksha Rana in Bengaluru; Editing by Amy Caren Daniel)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
EBAY INC. 1.63% 59.78 Delayed Quote.18.97%
PAYPAL HOLDINGS, INC. 0.53% 253.36 Delayed Quote.8.18%
TESLA, INC. 1.33% 672.37 Delayed Quote.-4.72%
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Financials (USD)
Sales 2021 12 035 M - -
Net income 2021 2 134 M - -
Net Debt 2021 3 221 M - -
P/E ratio 2021 19,5x
Yield 2021 1,18%
Capitalization 40 726 M 40 726 M -
EV / Sales 2021 3,65x
EV / Sales 2022 3,37x
Nbr of Employees 12 700
Free-Float 38,3%
Chart EBAY INC.
Duration : Period :
eBay Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends EBAY INC.
Short TermMid-TermLong Term
TrendsBearishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 33
Average target price 67,71 $
Last Close Price 59,78 $
Spread / Highest target 33,8%
Spread / Average Target 13,3%
Spread / Lowest Target -2,98%
EPS Revisions
Managers and Directors
NameTitle
Jamie Iannone President, Chief Executive Officer & Director
Andrew Cring Chief Financial Officer
Paul S. Pressler Chairman
Mazen Rawashdeh Chief Technology Officer & Senior Vice President
Molly Finn Chief Compliance Officer & Vice President
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