If you’re an eBay (Nasdaq: EBAY) shareholder, don’t worry about the top online auction house’s decision to ban firearm sales hurting the company’s bottom line. Gun and ammunition sales make up less than .25 percent of the company’s revenues, and the highly publicized move, which was announced on Friday, is good PR for eBay.
“While we acknowledge the gun collectors and sports enthusiasts among our users, eBay takes its role as a responsible member of the online community very seriously,” said Steve Westly, vice president of marketing and business development at eBay.
Also on Friday, Kodak (NYSE: EK) announced it would enter a strategic alliance with eBay. Under the agreement, eBay will license Kodak’s PictureVision technologies to allow sellers to easily add photographs from film, slides or prints to their auction listings without the use of scanners or additional hardware and software.
All in all, Friday was a pretty good day for eBay.