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Pretty standard usage in online marketplaces that connect buyers and sellers and take a commission/cut on the transaction. The first official use was probably i
by npalli 11y ago
Pretty standard usage in online marketplaces that connect buyers and sellers and take a commission/cut on the transaction. The first official use was probably in the ebay IPO prospectus from 17 years ago (they call it gross merchandise sales which is the same concept). So I wouldn't call it startup slang.
https://investors.ebayinc.com/secfiling.cfm?filingid=1012870-98-2475&cik= https://investors.ebayinc.com/secfiling.cfm?filingid=1012870...