- eBay (NASDAQ:EBAY) gained 1.2% partly as the CEO said the company is looking at non-fungible tokens or NFTs.
- "We're looking at it and exploring opportunities as for how we can enable it on eBay in an easy way," CEO Jamie Iannone said in an interview on CNBC.
- NFTs have gained in popularity this year and are largely responsible for moves in stocks such as PLBY Group, the parent of Playboy, which has surged 367% this year and SPAC Mudrick Acquisition Corp. II, which has climbed 63%, on a deal to take Topps trading cards public.
- He said he's also looking at cryptocurrency as a potential new payment option for customers. He highlighted that the company now takes Apple Pay and Google Pay.
- "We'll continue to look at other options like cryptocurrency," Iannone said.
- Last week, eBay slides after guidance disappoints, downgrades pile up.
eBay edges higher as CEO says looking at NFTs, cryptocurrency for payments
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Comments (6)
Wrong headline, SA. The main point is that they're looking at cryptos as a payment option. Instead of comparing to those 2 silly spacs, how about comparing to PayPal and Square?
Damn, they could've said that last week before I bought some shares, so I wouldn't have bought!
Anyway, we'll see how they do it. If they do it right and make sure they don't lose money due to volatility, security and other matters, it's OK. But if I don't like it I'm out.
Anyway, we'll see how they do it. If they do it right and make sure they don't lose money due to volatility, security and other matters, it's OK. But if I don't like it I'm out.
