OT: ebay blames the economy for it's poor financial results

[dekeuk]

 

 

Story here

 

 

When will the investors WAKE UP and realize ebay is a sinking ship

 

Management is clueless and is systematically destroying everything that ebay successful in the first place

 

The bad economy should be HELPING ebay as people sell their junk for extra cash.

 

Stock price is at it's 1999 level of $12 (down from $55)

 

 

[Jasmine-migration]

 

Story here

 

 

When will the investors WAKE UP and realize ebay is a sinking ship

 

Management is clueless and is systematically destroying everything that ebay successful in the first place

 

The bad economy should be HELPING ebay as people sell their junk for extra cash.

 

Stock price is at it's 1999 level of $12 (down from $55)

 

 

Best News I've heard about ebay in a while (thumbs u

[mica]

Stock price is at it's 1999 level of $12 (down from $55)

 

 

[brasseye]

The bad economy should be HELPING ebay as people sell their junk for extra cash.

 

Or more to the point, people shopping for the 'pre loved' items they need/want.

 

Ebay should be making record profits, instead they're strangling their client base.

 

 

I suspect it's short-sighted share-price motivated actions used by senior management to generate various profit centres.

Depending on how their financial statements are cut, various management decisions are driven from board requirements, than customer focus.

[Old Fashion PB and J]

I added a poll to answer why the ship IS sinking..

[joe_collector]

The founders of EBay set up an idiotproof business model that could have ruled the "online flea market" segment forever, but as new management has entered and then left, looking to earn their bonuses and "put their stamp" on the organization, horrible decisions have been made. Mindless corporate meddling at its absolute worst.

 

Add to that upper management "please don't think I'm redundant" make-work programs whereby a seamless EBay interface has become more and more convoluted, and you have the current environment.The worst is that new dork, who wanted to run Amazon, then accepted the EBay post and is trying to turn the current business into Amazon's Marketplace along with big Chinese vendors selling you can buy at a dollar store.

 

The funniest thing is, that EBay would be in better shape with absolutely no meddling upper management at all, just the infrastructure needed to keep its business plan in 2000, and some designers to upgrade the look and feel every once in a while.

[Jasmine-migration]

The founders of EBay set up an idiotproof business model that could have ruled the "online flea market" segment forever, but as new management has entered and then left, looking to earn their bonuses and "put their stamp" on the organization, horrible decisions have been made. Mindless corporate meddling at its absolute worst.

 

Add to that upper management "please don't think I'm redundant" make-work programs whereby a seamless EBay interface has become more and more convoluted, and you have the current environment.The worst is that new dork, who wanted to run Amazon, then accepted the EBay post and is trying to turn the current business into Amazon's Marketplace along with big Chinese vendors selling you can buy at a dollar store.

 

The funniest thing is, that EBay would be in better shape with absolutely no meddling upper management at all, just the infrastructure needed to keep its business plan in 2000, and some designers to upgrade the look and feel every once in a while.

 

This is something you could apply across the Board in countless Organizations.

If it ain't broken, then don't try to fix it.

 

But they always do...

[Flaming_Telepath]

The founders of EBay set up an idiotproof business model that could have ruled the "online flea market" segment forever, but as new management has entered and then left, looking to earn their bonuses and "put their stamp" on the organization, horrible decisions have been made. Mindless corporate meddling at its absolute worst.

 

Add to that upper management "please don't think I'm redundant" make-work programs whereby a seamless EBay interface has become more and more convoluted, and you have the current environment.The worst is that new dork, who wanted to run Amazon, then accepted the EBay post and is trying to turn the current business into Amazon's Marketplace along with big Chinese vendors selling you can buy at a dollar store.

 

The funniest thing is, that EBay would be in better shape with absolutely no meddling upper management at all, just the infrastructure needed to keep its business plan in 2000, and some designers to upgrade the look and feel every once in a while.

 

(worship)

[Monstro]

The founders of EBay set up an idiotproof business model that could have ruled the "online flea market" segment forever, but as new management has entered and then left, looking to earn their bonuses and "put their stamp" on the organization, horrible decisions have been made. Mindless corporate meddling at its absolute worst.

 

Add to that upper management "please don't think I'm redundant" make-work programs whereby a seamless EBay interface has become more and more convoluted, and you have the current environment.The worst is that new dork, who wanted to run Amazon, then accepted the EBay post and is trying to turn the current business into Amazon's Marketplace along with big Chinese vendors selling you can buy at a dollar store.

 

The funniest thing is, that EBay would be in better shape with absolutely no meddling upper management at all, just the infrastructure needed to keep its business plan in 2000, and some designers to upgrade the look and feel every once in a while.

 

great post, sounds like many sport franchises

[dekeuk]

 

 

This is something you could apply across the Board in countless Organizations.

If it ain't broken, then don't try to fix it.

 

But they always do...

 

That's what SEARS thought in 1979 before Wal-mart bashed their head in with new technologies.

 

SEARS decided "not to fix it".

 

 

[He11blazer]

ebay blames the economy for it's poor financial results

 

Whereas I blame ebay for MY poor financial results

[Ringfinger]

It is going down like a submarine.

[awe4one]

Was talking with an eBay seller yesterday who mentioned his sales are half what they were a year and half ago (from $8000 per month to now just under $4K). The downturn was abrupt and he specifically mentioned it had nothing to do with the economy...it was the eBay selling price and format changes that led to the downturn...

 

Jim

[Ringfinger]

That was why I quit, that and the time it took for the money I got.

[Wally's Comics]

buy @ 99 cent a share!

 

 

(thumbs u

[dekeuk]

buy @ 99 cent a share!

 

 

(thumbs u

 

Ebay won't ever go broke because paypal has no real competition and there is little competition for flea market type stuff.

 

Stock will probably hit $5 some time and they will reorganize the company and downsize. Or another company buys them out.

 

Sooner or later they will have to get back to their roots if they want to save the company.

 

 

 

[Ringfinger]

99 cents a shar? I am all over that!!

[FlyingDonut]

If (and this is a big if) you have a good customer base on eBay, it is a GREAT time to be an eBay seller.

[Tomega]

 

 

This is something you could apply across the Board in countless Organizations.

If it ain't broken, then don't try to fix it.

 

But they always do...

 

That's what SEARS thought in 1979 before Wal-mart bashed their head in with new technologies.

 

SEARS decided "not to fix it".

 

 

I've been with Sears for over 20 years, that is only the tip of the iceberg.

[Tomega]

Do not be surprised if Microsoft or Google makes a move for eBay when the stock goes under $10 a share.