Billy McFarland's Fyre Festival brand was sold for $245,300 on eBay after his conviction for wire fraud, despite previously promising luxurious ticket options.
Memorabilia connected to the Long Island serial killings is being sold on eBay, including items once owned by accused killer Rex Heuermann, attracting significant attention and bids.
Jefferies analyst John Colantuoni expresses concern about eBay's advertising growth slowing down significantly in 2024, dropping from 23% in Q4 2023 to just 4% in Q2 2024. This decline poses risks for both gross merchandise value and EBITDA, as slowing growth will limit margin and reinvestment capabilities. Colantuoni emphasizes, 'We expect slowing advertising growth to eliminate a key source of margin and reinvestment capabilities, resulting in downside to both gross merchandise value and EBITDA.'
