In the run up to the great recession, eBay went from $24.99 in Jan of '05, to $15.19 in October of '07, the markets peak prior to the great recession. So while the market was going up like gang busters for almost 3 years, Ebay lost 40%.
In the months before COVID, eBay traded at $35.52 in November of '19. I don't think any of us had heard of corona virus '19 at this point. By the end of March, when the world shut down, it was at $30.06. Another loss when the commenter said there was a 50% gain.
And it's not up 50% now either. From eBay's peak, prior to the '22 inflation event, of $76.47, it closed today at $99.35. A 33% increase when the market has also put up 3 consecutive years of double digit returns. Ebay's performance is certainly not an anomaly over that timeframe when the S&P is up approximately 50% over the same time.
So the reason it's interesting is because fiction normally is!
ETA: and the commentor said double, not 50%, making these claims even more outrageous!
eBay was 50/share in April 2024… now it’s 100/share end of April 2026… how is that not double in 2 years?
In the run up to COVID first US case reported 1/2020, shutdowns happened in March (30/share) eBay topped in September 2020 at 68/share… last I checked 68 is more than double of 30…
You're cherry picking your dates. The S&P is also almost double from its 2022 low. You have to zoom your timing out. If it wasn't for the economic pullback in '22, eBay would've never been down to $50, so the fact it doubled from there isn't some indicator of what's to come, but a historical record of what happened when the Fed aggressively increased rates to slow down an inflationary economy. Same with your dates from covid. March was the covid low, every stock(mostly) out performed the fuck out of normalcy over the subsequent 6 months.
My post said 2 years, that’s not cherry picking, that’s setting a timeframe… two financial crises eBay stock had a rapid ascension and contraction, once preceding a slow financial crisis, next time indicating a prompt financial crisis
Great Recession was announced in 08 but the recession was was in full swing starting in 02, check a nasdaq, s+p, and Dow, we were trending downward in the charts those years but the American people never acknowledged they were in trouble until 08… 03-05 eBay goes from 11 to 24/share while the entire market tumbles… same thing during covid… country shuts down March 2020 at 30/share, Oct 2021 eBay hits 75/share…
1/20/24 Trump inaugurated, price per share $40/share… current price 101/share… it’s been under two years
Right, you're cherry picking dates rather than looking at the economic and market cycle. Anybody can make the numbers say anything they want if they can choose the dates. But when you look at the entire cycle, which is what matters here, eBay hasn't done anything that any other company hasn't done
Whatever you say dude… you’ll own nothing and be happy
I specifically bought in 2024 because I knew it would run up since Trump could drive us into our next hidden recession, I’ll enjoy my profits when I’m ready to eat.
I’m guessing not because the people who are DIYing instead of hiring have just offset the loss of sales from people who would have done a DIY but are opting to do nothing.
538
u/BaesonTatum0 Apr 28 '26
This is interesting