What is eBay’s (EBAY) Economic Moat, and is it Widening or Narrowing?

eBay Inc. (NASDAQ:EBAY) closed at $106.05 on September 30, more than 16% higher than a year ago. The company is worth roughly $48.5 billion, turns 21.57% of its $12.01 billion in revenue into operating profit, and returns 46.61% on equity. Those are not the numbers of a business Amazon destroyed, which is the assumption most […]