Ebay standing alone would be great. Concentration on making it a successful marketplace could finally be in focus and investing back into the site, instead of gouging sellers with fees as the seed money for Paypal.
And everything is so cheap, which is sad. Ebay should be killing it right now, but are not. So, I've made a 180 degree turn, and buy on Ebay instead of sell. I then sell the cheaper goods locally for a nice profit - tax free. No fees to Ebay. No fees to Paypal. Would have gladly kept it the other way, and sold on Ebay. Made good money in the past. I made money. Ebay made money. Buyers received good service and quality items from me. But Ebay got greedy. OK, fine. So, now I use Ebay and they make nothing from me (yes, they make money from the seller that I purchase from, but it's still not me). This what happens when a CEO comes on board who doesn't know #$%$ about selling goods.
Correct. Everyone is entitled to their opinion about whether or not EBAY is good for shorts or longs. But, the one fact remains - currently, this company is NOT RUN like a long term...it's agenda has been Q to Q. Have to take that into consideration.
I wish it was true. Perhaps focus can be brought back to the marketplace, instead of ripping off sellers and using that money to fund Paypal.
Bound to happen. Kind of surprised they did it prior to the holiday season, when they do well (like everyone else). Now, for the first time, we may actually see this thing reach 60...too bad it's not over anything good eBay has done.
Ebay already thinks they control everything! Their arrogance is mind blowing...
Not going to dispute about eBay being shady, we all know that to be true. However, eBays seller base has matured. They keep trying to bring in new sellers, but those newbies give up, because it is difficult and confusing to sell on eBay now. As a result, eBay has no other choice but to squeeze more out of existing sellers. Some sellers are staying, but many are leaving. This is what happens when a company ignores all of its user base.
Yes, both eBay and Amazon are overvalued. Big difference: the execs at Amazon want the company to build, grow, provide opportunity, etc. Ebay execs just want to line their pockets.
Yep! Great for a short. Horrible for long term investment. How the execs have not gotten busted by shareholders at this point...nothing short of a miracle.
I hope he is leaving. And then, I will never buy another pair of Nike shoes, as long as he is with that company.
"...ebay...technically isn't even any stock at all but just a means for ebay insiders to gouge the investors the way their gouge their sellers...".
Such true words. Sad for Ebay users and investors.
Is anyone surprised? They should not be. eBay had no business going into the individual selling platform for small sellers. What they did do, was nothing short of horrific.
To be honest, I didn't think Meg did that bad of a job. Even if she was lying about it - she at least demonstrated the importance of auctions and Buy It Now items together, along with the community of buyers and sellers.
This is as good as it gets for Ebay. As long as John Donahoe and his Bain cronies are at the helm, this will never go above 60. 100+ is nothing but a dream. And the unfortunate (sad) part, is this stock had the capability of being great.
That is right. They've tried recruiting new sellers over the last 18 months on a campaign, without much success. So, they will continue to bleed out the basket of existing sellers. There is nothing more they can do. People need to understand, this company does not look to the future when it comes to the marketplace - it operates on a quarter to quarter basis.