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

 

Binoy Kampmark: Dysfunctional Hagiography: Australia & Gough Whitlam's Death

Hagiography is the curse of the Australian Labor movement. It is a movement that searches for, and craves, mythical figures and myths. Such a phenomenon might be termed mummification, and detracts from closer examination. More>>

David Swanson: On Killing Trayvons

This Wednesday is a day of action that some are calling a national day of action against police brutality, with others adding 'and mass incarceration,' and I'd like to add 'and war' and make it global rather than national. More>>

Uri Avnery: Israel Ignoring “Tectonic Change” In Public Opinion

If the British parliament had adopted a resolution in favour of the Israeli occupation of the West Bank, the reaction of our media would have been like this: More>>

ALSO:

| UK MPs blow a “raspberry” at Netanyahu and his serfs

Byron Clark: Fiji Election: Crooks In Suits

On September 17 Fiji held its first election since Voreqe “Frank” Bainimarama seized power in a 2006 coup. With his Fiji First party receiving 59.2% of the vote, Bainimarama will remain in power. More>>

Ramzy Baroud: ‘Islamic State’ Sectarianism Is Not Coincidental

Consider this comical scene described by Peter Van Buren, a former US diplomat, who was deployed to Iraq on a 12-month assignment in 2009-10: Van Buren led two Department of State teams assigned with the abstract mission of the ‘reconstruction’ of ... More>>

Gordon Campbell: On The Case For Using Air Power Against The Islamic State

There is an Alice Through the Looking Glass quality to the current response to the Islamic State. Everything about it seems inside out. Many people who would normally oppose US air strikes in other countries have reluctantly endorsed the bombing of IS positions in Iraq and Syria – not because they think air power alone will defeat IS (clearly it won’t) but because it will slow it down, and impede its ability to function. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
Top Scoops
Search Scoop  
 
 
Powered by Vodafone
NZ independent news