Three, surely? They forgot, or actively pivoted away from the second hand market that made them in the first place. Like they saw Amazon on 10x their turnover a

Three, surely? They forgot, or actively pivoted away from the second hand market that made them in the first place. Like they saw Amazon on 10x their turnover and decided to chase that new product rabbit instead. Second hand was the interesting segment for so many. There's no $250 seller as it hasn't been made for decades, or someone searches for once-worn, but reduced price, shoes, or the new family looking for almost new kid's stuff. Second hand and junk shop (remember those?), or bereavement and house clearance stuff. The sort of stuff people would have no idea of value, then would throw, donate or clear. None of those went away, they just left eBay, some to landfill. eBay "helpfully" including new and global in every search, and fees increasing to 10%, just hastened the exodus. As did policies encouraging all remaining buyers to be from the "awkward squad" even for your £1 amateur one-off listing. For a good few years it seemed like everyone put their junk on eBay, sold for decent prices, and as a result everyone tended to look too. Some made a worthwhile side income trading up junk picked up at sales and charity shops. Everyone seemed mostly happy. List a time or two, and if it doesn't sell, donate or throw away. It's almost like yet another second rate mall/Amazon-alike wasn't what anyone was looking for, so no wonder it's losing ground. Could they have found a way to keep and grow that first market and still gain a commercial market for new products? Should they have stayed out of becoming just another second-rate mall? Good questions. :)