Conversely, if you think what eBay and it's board of directors does, for the benefit of all mankind, think again.
Technically, Icahn is correct - EBAY has been a dog until the last couple of weeks with him in the mix.
He's the only reason eBay is doing better - yes, don't kid yourself and think it's because of what Donahoe & Co are doing. People smell a spinoff...
You hit the nail on the head. There has been minimal growth - eBay has, once again, changed their fee structure around on existing customers (sellers). Simply put - eBay is trying to pull more blood from the same stone.
Not really...he's more or less admitted, that Paypal is the only thing keeping eBay afloat - that is not saying much for the marketplace. If Paypal gets split away, the eBay boat will sink. Donahoe has to make the marketplace turn around, and the only thing he's done is alienate people. But if that works for him, fine - Amazon can keep stealing customers away, in the meantime.
Donahoe loves using his buzzwords and jargon, in regard to business practices. Thinking he was all big and bad six years ago - he arrogantly used the term (ad nauseam) "Disruption". Perhaps it is he who should be disrupted? Put his money where his mouth is. I don't care for Icahn, but at least he's got the stones to push this company forward.
Furthermore, by Donahoe insisting eBay keep Paypal, and admitting it is keeping eBay going - is not saying much for eBay's Marketplace! If the confidence was there...there would at least be some consideration in a spinoff. This whole thing is what we've been vocal about for quite some time.
Look, we're beginning to enter year six(!) of Donahoe's "three year turnaround". Icahn is tired of it, like the rest of us.
Yep, it's the quarterly pump and dump. Like clockwork. This company has no idea about it's future, only the next few months at a time. Couple that, with the way they conduct business, it's no wonder investors won't touch it with a 39 1/2 foot pole.
If I may add- it's no longer (and hasn't been for awhile) about the eBay Marketplace, it's about eBay the company. The big focus is on Paypal and payments along with stock performance. Initially, people were buying into all of the hype that ex-Bain John Donahoe brought to the table (investors have a lovefest for Bain people). And he did "turn things around" - but not for the marketplace to be better, but to just make eBay money (not a bad thing, but there is always a loser with that kind of M.O.). At least, before, it was a win for buyer, seller, and eBay. But that wasn't good enough for eBay - they selfishly, greedily, and arrogantly had to be the ONLY winner. People have been taking note these last couple of years. That is why this stock will never reach 60.
The highest this thing will go, is 57 - and you can take that to the bank (literally, figuratively). 60+? Not in your wildest dreams, UNLESS, the current CEO is ousted and replaced with someone who actually cares about the buying/selling experience.