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Our big bet on mobile is paying off, says eBay CEO

After making a big bet on mobile several years ago, eBay CEO John Donahoe told CNBC’s "Squawk on the Street" that the gamble is paying off with the company able to monetize the same on mobile as it does on the web.

"Consumers are making the mobile device the central navigation system of their lives," the eBay executive said. "While it’s driving great mobile results for us, the coming year will be when the mobile device links the digital world to the physical world."

Donahoe pointed to a new Black Friday mobile app it has developed with Macy’s that will allow consumers to find deals in their Macy’s store ahead of time. That will then get consumers to come into the actual stores to shop.

(Source: CNBC)