top of page
  • White Twitter Icon
  • White LinkedIn Icon

Overstocked and Underauctioned, Part One

  • Writer: Jeff Matthews
    Jeff Matthews
  • Mar 18, 2005
  • 1 min read

On February 20th, Overstock.com CEO Patrick Byrne posted a bold message on the Overstock auction message board.

“THE MOMENT TO STRIKE,” Bryne’s message began, noting the February 18 eBay fee increases and the opportunities these offered to grow Overstock.com listings. Bryne noted that Overstock’s auction listings had soared from 50,000 to 90,000 in just the two days since eBay shot itself in the foot by annoying its members and doing exactly what low-cost retail operators never do: raise prices.

Since a full month has now elapsed since both the eBay move and Byrne’s clarion call to his auction members, we now have some data to assess the impact of Byrne’s call to action, and in ensuing posts will take a closer look at the results.

Suffice it to say, it does not appear at this point that eBay has anything to worry about from Overstock.com Auctions.

Jeff Matthews I’m Not Making This Up

 
 
 

Recent Posts

See All
Beware Elites Interpreting History

It has the slam-bang certitude of an indignant Tweet: “In an excerpt from his new book, Lincoln and the Fight for Peace, CNN’s senior...

 
 
 
Donald Immelt?

“It became clear right away that my main role would be Person to Blame,” Mr. Immelt writes in his new book “Hot Seat: What I Learned...

 
 
 

Comments


BROWSE CATEGORIES

Stay up to date with an insider's look into The World of Wall Street.

Great! You're all signed up.

The content contained in this blog represents only the opinions of Mr. Matthews. This commentary in no way constitutes investment advice. It should never be relied on in making an investment decision, ever. The content herein is intended solely for the entertainment of the reader, and the author.

  • Grey Twitter Icon
  • Grey LinkedIn Icon
  • Grey Facebook Icon

© 2020 NotMakingThisUp, LLC

bottom of page