> What I don't get about eBay is they found initial success in being an auction site then they almost immediately decided they wanted to be an online retailer i

> What I don't get about eBay is they found initial success in being an auction site then they almost immediately decided they wanted to be an online retailer instead. Why not just be the best auction site you can be rather than be yet another Amazon wannabe? I recently read a book [0] that outlined some of the reasons why that happened. Two of the main reasons outlined were: (1) As more and more people started selling on the site, items started to become commodities with fixed prices. So even old antiques started to have a fixed value. This encouraged more people to just buy it now. (2) Even by the mid 2000's, when ebay was still considered mainly an auction site, only a very small fraction of sales were made by auctions. Something around 90% of sales were buy-it-now new items. This meant that their real success was in buy-it-now and they started to focus on that. (Don't quote me on the numbers in the second part, I will try to get more accurate ones later). So they had a lot of initial success in being an auction site, but there isn't really much of an market for a general purpose auction site. And once you become a succesful auction site, you basically stop being a auction site. [0] I cannot remember the name right now and I cannot find it. It was about providing real world examples of famous economic papers. It covered wide ranges of topics about used cars prices, trading in prison camps, ebay. It was released in 2016.