Ryan Cohen

But since then, if you look at how much e-commerce has grown and how much

But since then, if you look at how much e-commerce has grown and how much

market share they've given up to the likes of basically everyone.

market share they've given up to the likes of basically everyone.

New competitors in the space that are very category-focused.

New competitors in the space that are very category-focused.

Live shopping competitors picked off significant share from them.

Live shopping competitors picked off significant share from them.

Shopify, social commerce, Amazon.

Shopify, social commerce, Amazon.

eBay's been able to maintain a revenue base and generate earnings.

eBay's been able to maintain a revenue base and generate earnings.

But they haven't grown along with the rest of e-commerce.

But they haven't grown along with the rest of e-commerce.

So and if you look at how they've done most recently, I mean, they've basically the business has stagnated up into the last few quarters and their operating expenses are up significantly.

So and if you look at how they've done most recently, I mean, they've basically the business has stagnated up into the last few quarters and their operating expenses are up significantly.

So it's not to say, you know, they've they they they are the de facto marketplace online, especially in certain categories.

So it's not to say, you know, they've they they they are the de facto marketplace online, especially in certain categories.

But that business should be significantly larger.

But that business should be significantly larger.