Who owns Gumtree?

eBayGumtree / OwnereBay Inc. is an American multinational e-commerce company based in San Jose, California, that facilitates consumer-to-consumer and business-to-consumer sales through its website. eBay was founded by Pierre Omidyar in 1995, and became a notable success story of the dot-com bubble. Wikipedia

How does Gumtree generate revenue?

Gumtree makes money from listing fees, product promotions, referral fees, as well as banners ads on its website. Founded in 2000, Gumtree has risen to become one of the world’s largest classifieds websites. The company was acquired by eBay in 2005 and sold off again to Adevinta in 2021.

Is Gumtree in the UK?

Gumtree.com, known as Gumtree, is a British-based online classified advertisement and community website based at Hotham House, Richmond, London. Classified ads are either free or paid for depending on the product category and the geographical market.

Why is Gumtree called Gumtree?

“Gumtree is a word they use locally in Australia for the eucalyptus tree which also appears in New Zealand, even though it’s not indigenous there. And in South Africa, there is a totally different kind of tree also called a gum tree.

Does eBay still own Gumtree?

Ebay has officially sold Gumtree in a deal worth over $9 billion to Adevinta which will now become the world’s largest classified ads business. Adevinta paid Ebay $9.2 billion (£7.26 billion) in a cash and stock deal to merge its classified ads business (including Gumtree) with its own.

Is Gumtree Australian?

Gumtree is for Australian users only and is not designed for selling internationally. However, if you’d like to target international buyers, you may want to list your products on eBay. Gumtree is owned by eBay and offers the option in certain categories to share your ad on eBay after you’ve posted it.

How much does Gumtree make last year?

This merger will form the largest classified ads business on earth, spanning 20 countries and achieving revenues of around $1.8 billion last year, including an operating profit of $600 million.

How does Gumtree delivery work?

Gumtree is a service that offers listings of items that people want to sell and buy. However, it does not provide shipping and delivery services. People arrange deliveries with sellers through the Gumtree platform without meeting them in person.

Is Gumtree safe?

Unfortunately, there isn’t just one method that scammers use when impersonating Gumtree or fraudulently buying or selling items on the classifieds website. If you’re selling or buying or just have an account set up on Gumtree, you’re at risk.

Who created Gumtree?

Simon Crookall and Michael Pennington, the two former City traders who founded Gumtree, will receive a windfall from the full sale of the site they established in 2000 and nurtured through years of losses. The site turned the corner two years ago after it started charging £20 to post certain job adverts.

Who owns Gumtree Australia?

eBay Classifieds Group
Gumtree launched in Australia in 2007 and is part of eBay Classifieds Group (eCG) – a global collection of 11 brands which aim to create connected commerce that is enabled by people, supported by technology and open for everyone.

Who bought Gumtree UK?

O3 Industries acquires Gumtree UK and Motors.co.uk, two leading online classifieds marketplaces.