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There are three areas. One, immediately improving earnings through cutting costs, pulling $2 billion of costs out
00:00:10
of the business. And on the operating base of close to 5 and 1/2 billion of expenses and 2.4 billion spent on sales
00:00:18
and marketing for essentially no user growth, there's a lot of money to pull out there. There's two growth vectors
00:00:27
that I'm very much interested in. Number one is live commerce. The TAM is like 400 billion. It's growing very quickly
00:00:35
in the US. It's very popular in Asia. And eBay has the users. eBay has the brands. They have a platform, but the
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platform sucks for a lot of different reasons. That's a huge, huge growth opportunity for them to start doing
00:00:49
really well in live commerce. The third thing, and this is something that I have
00:00:55
not spoken about before publicly, building a marketplace where you can provide liquidity for in-game digital
00:01:02
items. If you look at all of these in-game items, AAA titles that people are accumulating, skins, weapons,
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essentially it's what NFTs people thought they were, but ultimately they had no real utility. In-game items
00:01:20
actually have real utility and no one's doing it. And And this should already exist, and it's crazy that it doesn't
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exist.