Mar
15
“eBay noted that Paypal represents 50% of total payments on Facebook, and by the end of ‘09, gaming company Zynga was the 2nd largest Paypal merchant after eBay. Paypal had $500MM in virtual goods revenue in ‘09, which was 2x from ‘08, and we believe this could grow by 50% in ‘10.”
Another gem from Mark Mahaney at Citicorp. (via pauldubois)
Rafer sez:
It took me a day to realize it, but virtual goods are already 5%+ of EBay’s overall revenue, and PayPal is nearly 30% (?) of it. This is some of the sexiest revenue on the planet. Is it really priced in to EBay’s stock?
