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eBay CEO Slams Amazon's Delivery Drones As A 'Fantasy'

Hayley PetersonDec 10, 2013, 03:21 IST

BloombergeBay CEO John Donahoe slammed Amazon's headline-grabbing plan to start delivering packages via drones, calling it a "long-term fantasy."

Donahoe made the remarks to Bloomberg reporter Emily Chang, after she asked him whether eBay has any plans for delivery drones.

"We're not really focusing on long-term fantasies," Donahoe said. "We're focusing on things that will change consumers' experience today."

"So you think it's a long-term fantasy?" Chang asked.

"We'll see," Donahoe said with a shrug.

eBay posted revenues of $14.1 billion last year, while Amazon generated $61.1 billion.

Amazon CEO Jeff Bezos made the announcement that the company had started experimenting with autonomous delivery drones in a "60 Minutes" interview. He said he expects the drones to be fully operational within four or five years.

Watch the full interview at Bloomberg News.

Disclosure: Jeff Bezos is an investor in Business Insider through his personal investment company Bezos Expeditions.