ebay is done - there last ad was some sort of same day delivery service by bikes? are they kidding? Amazon is making new highs so it is probably more amazon cleaning out ebay than any Alibaba IPO event
I'm not completely sold on the idea about Alibaba. I think, investors are pulling out, because eBay has not performed well as a long term investment. With all of their acquistions, eBay portrays themself as being of the future. But, their business practices and operations say otherwise. Sellers bring them the most money, but have been leaving for other venues and their own websites. Paypal has competition by the likes of Square. eBay's user base has matured. They grow at a very slow pace now. As a result, they try to squeeze more money from existing users, but have alienated them...you do the math. They've burned many bridges.