Book Reviews | Gordon Campbell | News Flashes | Scoop Features | Scoop Video | Strange & Bizarre | Search


TradeMe investors bail, profits slip

NBR looks at TradeMe's recent performance in Trade Me sits at crossroads, testing investor patience — the story is only available to subscribers.

After peaking last year with a value of NZ$2.15 billion, TradeMe's share price now values the company at $1.4 billion. The business has lost a third of its value in a year.

A boycott by Real Estate agents is only one problem the online auction business faces.

TradeMe dominates New Zealand online retail to the point where there's little scope for further growth.

It hasn't succeeded with attempts to sell new goods. Savvy online retailers run their own stores and already thin margins means little room to make money if TradeMe clips the ticket.

The company's only growth strategy seems to be increasing prices.

That's why Real Estate agents are not using the service. They aren't willing to pay increased fees to sell houses.

While reading the story I realised I haven't used TradeMe much in the last year and how little the site comes up in conversation.

© Scoop Media

Top Scoops Headlines


Julien Troussier: Loving Trump

It’s 3am. Cannot sleep. Restless. Slide to unlock. Open the New York Times App. Look for the latest incident. He did it again. He lashed out. Fear. Anger. Outrage. I needed to see this. I needed to check that the madness was still there. More>>


Werewolf: Living With Rio’s Olympic Ruins

Mariana Cavalcanti Critics of the Olympic project can point a discernible pattern in the delivery of Olympics-related urban interventions: the belated but rushed inaugurations of faulty and/or unfinished infrastructures... More>>

Gordon Campbell: On The Politicising Of The War On Drugs In Sport

It hasn’t been much fun at all to see how “war on drugs in sport” has become a proxy version of the Cold War, fixated on Russia. This weekend’s banning of the Russian long jumper Darya Klishina took that fixation to fresh extremes. More>>


Keeping Out The Vote: Gordon Campbell On The US Elections

I’ll focus here on just two ways that dis-enfranchisement is currently occurring in the US: (a) by the rigging of the boundary lines for voter districts and (b) by demanding elaborate photo IDs before people are allowed to cast their vote. More>>

Live Blog: Open Source//Open Society Conference

The second annual Open Source Open Society Conference is a 2 day event taking place on 22-23 August 2016 at Michael Fowler Centre in Wellington… Scoop is hosting a live blog summarising the key points of this exciting conference. More>>


Open Source / Open Society: The Scoop Foundation - An Open Model For NZ Media

Access to accurate, relevant and timely information is a crucial aspect of an open and transparent society. However, in our digital society information is in a state of flux with every aspect of its creation, delivery and consumption undergoing profound redefinition... More>>

Ramzy Baroud: Being Black Palestinian - Solidarity As A Welcome Pathology

It should come as no surprise that the loudest international solidarity that accompanied the continued spate of the killing of Black Americans comes from Palestine; that books have already been written and published by Palestinians about the plight of their Black brethren. In fact, that solidarity is mutual. More>>


Get More From Scoop

Top Scoops
Search Scoop  
Powered by Vodafone
NZ independent news