This was the year when discussions about eBay (EBAY) stopped veering toward selling junk from grandma’s attic or bidding on a charity lunch with Warren Buffett.
For finally proving that it is a balanced e-commerce and payments leader, enriching shareholders with prudent capital usage and pushing innovation in mobile commerce, eBay earned runner-up status to Bay Area neighbor Gap Inc. (GPS) as the Yahoo! Finance “Company of the Year” for 2012.
On the upswing for years under the steady strategic guidance of CEO John Donahoe, eBay in 2012 at last won the respect it deserves as a dominant player in online commerce and electronic payments and no longer a gimmicky virtual yard sale for haggling over stray goods and one-off experiences.
The stock market has awakened to eBay’s world-class assets and strong business execution. Its shares have rocketed about 70% in 2012 to a recent $51.34, easily outpacing the also-headyRead More »from Company of the Year Runner-Up: eBay