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eBay Shuts Down US Same-Day Delivery Service -

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    • eBay Shuts Down US Same-Day Delivery Service
Jul, 28th 06:24

eBay Inc. is planning to shut down its U.S. same-day delivery service eBay Now, an acknowledgment it won’t try to match the speedy delivery of e-commerce giant Amazon.com Inc.

The online marketplace hinted the service wasn’t performing last year when it canceled the eBay Now mobile application and encouraged its use on desktops.

Amazon has invested heavily in same-day delivery, offering the service for free to Amazon Prime subscribers in New York, Seattle, San Francisco and other large cities.

EBay, which has been struggling for sales in the face of increased competition, forecast July 16 that marketplace net revenue would rise 3 percent to 5 percent this year, excluding currency effects. The company split last week from its former payments unit, PayPal Holdings Inc.

What impact this new development may have on eBay and Amazon stocks? Share your views in comments.

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