GameStop offers $56 billion for eBay, struggles to explain how it’ll pay for it

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Yeah, as bizarro-world as the corporate and financial side of it seems, I don't hate the general idea. I used to sell old hardware and other misc stuff on eBay, but these days I just don't have the time or motivation to deal with it, even if old stuff continues to accumulate. I'd be happy to pay some amount of overhead to make most of the selling process and verification someone else's problem and have a reverse-layaway distributed pawnshop I could drop stuff off at.

That said, I'm sure there are a dozen startups that probably did exactly what I'm asking, and then failed because of some obvious problem with the concept that I'm not thinking about.
So as a decently large Internet seller who has sold millions on every platform from Amazon to eBay to tcgplayer.vom, the reason they all went out of business is the nominal fee is pretty high because everything about that process is labor intensive and can't really be automated in any relevant way. Item intake, inspection, photos and listing building, etc all take a shocking amount of time for used goods and mistakes are on the startup not the seller so you need high margins to cover it. I don't know anyone who does that consignment for under fifty percent because of all that.
 
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