Good find.
I'm surprised they haven't been disrupted already. The only real secret sauce they've got is a huge amount of traffic. How could you ever compete with a household name where success is determined by traffic and volume?
I'm surprised they haven't been disrupted already. The only real secret sauce they've got is a huge amount of traffic. How could you ever compete with a household name where success is determined by traffic and volume?
In Poland we had ebay clone (allegro.pl) several years before ebay. Then ebay tried to enter the market several times, failed each time. There also were several other startups trying to conquer this space with much lower fees, but they also failed.
Ebay bought them in 2004 for nearly $300m, but they've yet to scrap the free listings..