Can eBay cash in on Coronavirus? — Market Mad House

eBay (NASDAQ: EBAY) could be in a good position to cash in on Coronavirus. For example, eBay is offering a special “Up & Running” program for small businesses trying to move online.

Through Up & Running closed brick and mortar businesses three free months of a basic tier subscription, The Verge . The hope is to get small merchants selling on eBay during the pandemic.

In addition, eBay will cover the final value fee for the first 500 items businesses sell through Up & Running. eBay launched Up & Running on April 1 2020, to cash in on hysterical headlines about COVID-19.

eBay is a profitable Company

eBay Inc. (NASDAQ: EBAY) was a very profitable company before Coronavirus. For instance, eBay made a quarterly gross profit of $2.171 billion on revenues of $2.821 billion in the quarter ending on 31 December 2019.

Consequently, eBay reported a quarterly operating income of $619 million and a quarterly common net income of $556 million on New Year’s 2019. Thus, eBay is a profitable company.

Impressively, reported a quarterly operating cash flow of $811 million on 31 December 2019. However, eBay reported a quarterly ending cash flow of just $87 million on the same day. Thus, eBay runs a lot of cash through its till but…