posted on September 24, 2001 05:05:43 PM
eBay may have puffed up their chest when they said they would raise $100 million in 100 days, but a look at their auctions reveal otherwise. By searching for common words in listings (I tried "unique" and "pretty", I estimated that about 1 out of every 125 auctions is A4A. eBay had $2.2 billion in transactions via the website last quarter. That comes out to $2.4 billion in 100 days. Assuming the average selling price is the same, and assuming the average length of the auction is the same, and assuming the typical auction titles and descriptions are the same, you will find: $2.4 Billion /125= $19 million. This is far short of eBay's goal. The campaign may pick up steam, but unless they change the terms (allowing PayPal, matching-fee donations), it seems extremely unlikely eBay will meet their goal. Has anyone on the media picked up on that? eBay is acting like they will raise $100 million, but unless Pierre, Meg, et. al. contribute themselves (or via eBay foundation), they will not meet their pledge.
, I estimated that about 1 out of every 125 auctions is A4A. eBay had $2.2 billion in transactions via the website last quarter. That comes out to $2.4 billion in 100 days. Assuming the average selling price is the same, and assuming the average length of the auction is the same, and assuming the typical auction titles and descriptions are the same, you will find: $2.4 Billion /125= $19 million. This is far short of eBay's goal. The campaign may pick up steam, but unless they change the terms (allowing PayPal, matching-fee donations), it seems extremely unlikely eBay will meet their goal. Has anyone on the media picked up on that? eBay is acting like they will raise $100 million, but unless Pierre, Meg, et. al. contribute themselves (or via eBay foundation), they will not meet their pledge.