GunBroker.com explained

GunBroker.com
Commercial:Yes
Type:Shopping / Auctions / Specialty
Registration:Optional
Language:English
Num Users:7.7 million
President:Jared Smith
Ceo:Fred Wagenhals
Current Status:Active

GunBroker.com is an auction website for firearms and shooting accessories.[1]

History

Established in 1999, GunBroker.com is one of the world's largest online marketplace for firearms.[2]

GunBroker.com was founded by Steven F. Urvan after eBay started restricting gun sales.[3] [4] Urvan ran the company until it was acquired by Ammo, Inc in 2021.[5] At the closing of merger, it had $60 million in revenue and 6 million registered users.

On January 3, 2023, now-parent company AMMO, Inc. appointed Jared Smith as the company's Chief Operating Officer & President.[6] Fred Wagenhals is Chairman/CEO of GunBroker.com via AMMO, Inc.[7] [8] [9]

GunBroker.com has sometimes been used to study trends in firearm sales.[10]

In 2023, Steven Urvan sued Ammo, Inc claiming it duped him into selling GunBroker.com for $240 million in exchange for 17% stake in the company.

Sponsorships

GunBroker.com has been a sponsor for various NASCAR teams since 2004.[11] GunBroker.com was the primary sponsor of NASCAR Camping World Truck Series driver Jason White,[12] driver of the No. 23 Truck from 2008-2012.[13]

GunBroker.com partnered with USA Shooting for the Olympics. Several lawmakers called out to the Olympics to cut ties with GunBroker.com because of Nazi memorabilia listed for sale on GunBroker.com.[14]

Notes and References

  1. News: Stolberg . Sheryl Gay . Hsu . Tiffany . 2017-10-04 . Republicans Open to Banning ‘Bump Stocks’ Used in Massacre . en-US . The New York Times . 2023-10-03 . 0362-4331.
  2. Web site: Companies Selling the Most Guns, According to an Online Gun Broker – 24/7 Wall St. . 2023-10-03 . en-US.
  3. Web site: Apps - Access My Library - Gale . 2017-03-13 . Access My Library.
  4. Web site: Ammo Inc. Accused by Major Investor of GunBroker.com Deal Fraud . 2023-09-27 . news.bloomberglaw.com . en.
  5. News: Herbst-Bayliss . Svea . 2022-08-29 . Ammo's top investor seeks board control, nominates 7 new directors . en . Reuters . 2023-10-04.
  6. Web site: GunBroker.com Owner AMMO Appoints Jared Smith As Operations Head . 20 April 2023 . Benzinga.
  7. Web site: AMMO Inc. - Governance - Executive Management . 20 April 2023 . AMMO Incorporated.
  8. Web site: Fred W Wagenhals Chairman/CEO, Ammo Inc . 20 April 2023 . Bloomberg.
  9. Web site: AMMO, Inc. Chairman & CEO, Fred Wagenhals, Provides Corporate Update In Letter To Shareholders . 20 April 2023 . Benzinga.
  10. News: 6 Ways To Save Big On Your Next Gunbroker Gun Buy . en-US . Gun Digest .
  11. Web site: Glorioso . Chris . Stulberger . Evan . 2020-06-11 . After Confederate Flag Ban, NASCAR Still Linked to Company Profiting From Flag Sales . 2023-09-26 . NBC New York . en-US.
  12. Web site: TruckSeries.com . TruckSeries.com . 2017-03-13.
  13. Web site: TruckSeries.com . TruckSeries.com . 2017-03-13.
  14. Web site: Glorioso . Chris . Stulberger . Evan . Berkowitz . Ben . 2018-10-30 . I-Team: U.S. Olympic Squad Partners With Gun Website That Hosts Nazi Product Ads . 2023-09-26 . NBC New York . en-US.

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