Philipp Justus moves to San Jose to oversee the future of eBay’s auction business and leaves behind the German site which Seeking Alpha today described as “quickly overtaking the US as eBay Marketplaces problem child”. Whilst US business has grown slower than International Germany the second biggest eBay territory is experiencing the slowest growth. It should be noted that the UK have the highest GMV per capita in the eBay world so in theory there is the least room for expansion. We believe when the Q4 figures are released this will prove the opposite and that the UK will be impressive compared to the other territories.
Whilst Justus’ career at eBay started in Germany his latest role covered Europe. Growing Germany to the largest marketplace outside the US is undoubtably an achievement, but it’s the UK where the eyes of management turn to see growth today