Liz Morton ~ Value Added Resource

Grateful for all the new $GME & $EBAY followers 🙏 For those just finding me - I’m Liz, founder of Value Added Resource, an independent platform covering marketplace news, policy changes, strategy, & industry analysis. I bring 17 years of operational experience working with companies selling on eBay, Amazon, Etsy & other marketplaces, giving me both a seller & industry perspective on how these platforms actually operate behind the scenes. 🕵️‍♀️

Just went back & reread the eBay Authenticity Guarantee terms & conditions for trading cards & nope...there's nothing about a 1 year limit on validity in there anywhere. @eBay @PSAcard @natsturner - this is not a good look. $EBAY

Another day, another major $EBAY outage. 🤦‍♀️ "Consistent reliability is central to eBay's success & management must do all that it takes to achieve it." ~ Elliott Management, 2019. Why is CTO Mazen Rawashdeh getting paid millions in annual comp for this? x.com/ValueAddedRS/s…

Yeah, there's that too, not to mention all the ways that Live GMV is inflated just like non-Live GMV...but I didn't want to make it too confusing, just in case any CNBC talking heads are reading. 😂 No matter how you slice it, that 8x is pretty meaningless & definitely doesn't prove that current management has this whole Live thing figured out.

@ValueAddedRS They sold $1 in 2024 and 8$ in 2025, that’s definitely 8x 😂

Thoughts on eBay Live GMV growth In Q1 2026 earnings presentation, $EBAY said annualized GMV year over year run-rate had grown 8x with 7 markets globally. Here's what they didn't say - 5 of those 7 markets have been active for less than a year, skewing that y/y comparison. eBay Live launch dates: US: June 2022 UK: April 2024 Germany: November 2025 Australia: December 2025 France, Italy, & Canada: February 2026 While it's good to see eBay *finally* expanding Live to more countries & opening up to more categories/sellers, this y/y stat is relatively meaningless at this point & will be more useful once reporting has lapped the late launches. It's also worth noting that Live GMV has previously been significantly restrained by eBay's intentionally slow rollout & limited category/seller inclusion. So it's not hard to create appearance of "8x growth" simply by loosening those internally imposed restrictions a bit - but that doesn't necessarily equate to real insight on actual market demand or long-term GMV prospects for Live. That's not to say there isn't real demand for Live, simply that this specific statistic in eBay's most recent earnings report may not really show what eBay wants investors to think it shows.

Why this is relevant re: $GME & @ryancohen - I've seen this 8x Live GMV growth stat offered in various places as a counter-argument to criticisms of current $EBAY management's approach to live commerce. As usual, it's always good to remember that context matters & there's often more to the story.

@tblunt80 Yep. They've gone from letting the tap trickle to fully opened firehose stuffed down everyone's throats. All it really shows is how they've been controlling the flow up to this point. Yet to be seen how much people will drink from that hose long-term.

@ValueAddedRS It’s all they are pushing as a buyer and seller.

If anything, next quarter may end up being more inflated as the newer markets have had time to ramp up while still not being reflected in the previous year's numbers. We won't really start to see it come more in line until the Q4 2026 report & it won't be a full y/y comparison until Q1 2027 - assuming they don't add any other markets in the meantime.

@ValueAddedRS Those recent market additions definitely inflate the growth figure, worth watching how they report it next quarter once more data rolls in.

Omidyar's Democracy Fund was also looking to hire someone in 2024-2025 to work with Working Families via the Cadre Donor Project to "develop wealthy people into organizers who understand how change actually happens and...organize other wealthy people into building independent political power." network-jobs.democracyfund.org/companies/work…

@CCDHWatch Both Tides and the Working Families Org are on the Omidyar Reimagining Capitalism team. Tides funds Working Families. archive.is/d5Of1

🔥🔥🔥Breaking! The odd love triangle of Omidyar’s Reimagining Capitalism and the surging US communist candidates. There are four orgs that I identified (likely tons more) from the Reimagining Capitalism program involved in promoting far left candidates. Reimagining Capitalism partners: - More Perfect Union - Working Families - Open Society (Crooked Media) - Tides (funds working families) 🔹Meet Morris Katz: As you can see in the post below, Zoran Mamdanis political strategist and advisor, Morris Katz, was involved in the selection of Graham Platner. It wasn’t just the two folks in the video everyone is sharing. 🔹Morris Katz and Rebecca Katz team up. Rebecca Katz and Morris Katz etc created Fight Agency to push radical leftists. They signed up with candidates such as Zohran Mamdani, Abdul El-Sayed, and Graham Platner.” Claims they got Mamdani elected. *see post below 🔹Meet Rebecca Katz of New Deal Strategies and hired by Working Familes (communist): “New Deal Strategies is proud to have served as senior advisers to senior leadership at the NY Working Families Party Party, consulting across high-level electoral strategy, digital campaigning and messaging, narrative strategy, and press and media relations.” These groups are in a partnership ring; Justice Democrats, Sunrise Movement, New Deal Strategies, and Data for Progress. Working Families Endorses: Zohran Mamdani, Abdul El-Sayed, and Graham Platner etc. 🔹 We all know Soros linked, Tides: “Center for Working Families Fund (Tides Foundation) – to support the Center for Working Families” 🔹Meet Crooked Media with Pod Save America and partially owned by Soros. “ Crooked Media - With the funding, which closed Sept. 28, Soros Fund Management will have a seat on the board.” Video - Graham Platner discusses Chuck Schumer an exposed (by me) member of the Working Families Party. And Graham also discusses “working people”. 😏 Pushes Zohran Mamdani, Abdul El-Sayed, and Graham Platner. Obama’s Ben Rhodes cohosts pod save world. Pod Save America was started by former Obama administration alumni. 🔹More Perfect Union Obama and Omidyar Reimagine capitalism’s partner, More Perfect Union, didn’t just coordinate with Graham Platner, they coordinated with Zohran Mamdani too. And they are involved with Abdul El-Sayed too. Folks say Abdul is the next Obama. Watch out folks! I’ve already reported on More Perfect Union and its university, so I’ll share the links below. If I report on this any deeper, I risk confusing everyone. Sources will be provided.

With “Whatever It Takes” now streaming in US, eBay stalking campaign against @EcommerceBytes is back in focus. But the film leaves out key pieces of the scandal: Wendy Jones, @unsuckEBAY, free speech, governance & founder Pierre Omidyar’s legacy. $EBAY valueaddedresource.net/ebay-stalking-…

@BoilerPaulie @PSAcard I don't even code, bro, and I was able to figure it out...no excuse for eBay. 🤣 x.com/ValueAddedRS/s…

@ValueAddedRS @PSAcard That is so insane to me. Was one of the earliest features I put on this tool when I made it 😂 just tap the logo to toggle instead of having an extra button for it

If @PSAcard ever hires me I swear I will make it my mission to make dark mode available on their website

So the buyer pays taxes that they shouldn't...and the seller pays fees on taxes that they shouldn't...and eBay gets to count taxes in GMV that they shouldn't. Yep, nice little racket $EBAY has going there. 💰

@Rickitysplit503 @JoeMill75952576 @ryancohen

@ValueAddedRS @JoeMill75952576 @ryancohen - Ryan Cohen 🫡🏴‍☠️

"What do you think happens if the deal doesn't go through? Do you look for a new company to take over, or..." "I didn't have a backup plan at Chewy. There was no backup at GameStop. So, there's no backup plan here." @ryancohen 🔥 $GME $EBAY

@materialculture Interesting, what category was it listed in?

So here’s a nice little ebay racket. I ordered a specialty food item from an ebay seller whose store is all about organic food. My state does not allow sales tax to be charged on food items. But ebay charged it anyway. @ValueAddedRS

@foxenflask @amitisinvesting

@ValueAddedRS @amitisinvesting Liz. It's on the website.

Ryan outlined the operational plan in a 425 filed on 6/24 (all-in pod transcript), and just spoke about it again at length on the pod with Amit $GME

New @ryancohen interview 👇 $GME $EBAY

More on confusing new USPS rates for Ground Advantage labels purchased through eBay 👇 valueaddedresource.net/ebay-usps-grou…

USPS introduced zip code-based rates in 2024, creating differences for "rural" zip codes, even on flat rate packages. If you're seeing some Ground Advantage labels through eBay today still using oz-based tiers while others round up to 1 lb - this is why. x.com/ValueAddedRS/s…

I'm seeing a lot of confusion today from eBay sellers who missed this part of the update to USPS rates going into effect today. Whether or not oz based Ground Advantage rates still apply for labels purchased through eBay can depend on the zip code, not just the zone. 📦

.@EdLudlow is looking for questions to ask @ryancohen on Bloomberg Tech later this week. Here's mine 👇 $EBAY $GME