eBay to close GittiGidiyor operations

eBay to close GittiGidiyor operations

eBay to close GittiGidiyor operations

eBay Inc. has announced it will be taking steps to close its marketplace business in Türkiye, GittiGidiyor.

eBay acquired the majority stake in GittiGidiyor in 2011 and has operated the business as an independent platform.

eBay said in a statement that it regularly reviews its business operations globally and made this difficult but strategic decision based on the ongoing competitive dynamics in the market.

It will work closely with GittiGidiyor buyers and sellers to assist in the migration off the platform, and will share more detailed information with them directly, the company added.

“Sellers will no longer be able to list new items, and as of July 18, buyers will no longer be able to make new purchases. Buyers and sellers will be able to access their My Account page until Sept. 5, 2022.”

The closure of the GittiGidiyor business is not anticipated to have a material impact on eBay’s Q2 or full-year results, the company said.

GittiGidiyor contributed approximately 4 million active buyers to eBay’s consolidated active buyer count at the end of the first quarter of 2022.

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