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Benchmark Part I
Acquired
Amazon vs eBay - What's the Difference?
Ebay's market cap when they went public was a couple billion dollars. It would have another run up in 2004 up to 77 billion but after going up and down and buying PayPal and divesting PayPal after all this Do you know where it is today David? I believe it's about 25 billion right 23 billion dollars right about the market cap however many years later. This is 22 years later right around the market cap where benchmark got liquid. Wow Wow, that's so Crazy isn't that wild and right about what is that like 150th of Amazon's market cap something like that. In the long run Amazon ended up beating eBay It makes sense. There is zero misalignment between customer experience
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