Margaret C. “Meg” Whitman, president and CEO of eBay , told CNBC’s “Squawk on the Street” that the company plans to upgrade its core auction business over the next 12 months and has no immediate plans to make another acquisition.
“We are very focused on taking our key auction business to the next level,” Whitman said Thursday. “We’ve said our number one priority for the company is re-igniting that business. We will make a number of small changes over the next 12 months that I think will continue the nice acceleration we’ve seen in conversation rates and average selling prices. So, look for more innovation in the auction business in the next 12 months.”