Version: 2008

Comments on: eBay issues gloomy forecast as tech stocks tank again

Web auctioneer says fourth-quarter profit could be as low as 25 cents per share. The company earned 39 cents per share during the same quarter last year.

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by almostrice October 15, 2008 3:35 PM PDT
It is not the downturn the investors should be worried about. Management of eBay has been a joke for the past 4 years. Especially the last 2.
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by texaslabrat October 15, 2008 3:44 PM PDT
Can't say I'm surprised that they are struggling to meet their numbers during a time when one would think they should be totally cleaning up as people seek to make extra $$ on the side and/or find bargains to stretch their paychecks a little further. The "geniuses" running the company have done everything they can to chase away the loyal sellers who have been the core revenue stream and source of growth for Ebay over the years with the new corporate philosophy and draconian anti-seller policies...the new CEO actually said he was "embarassed" with the business model of ebay because of its yard-sale-like appearance (so WhyTF did he accept the job?). I guess they forgot that most of the sellers tend to be buyers too...so when they **** off the sellers they lose the buyer "half" of that person as well. End result: less transactions on the site. I hope that Ebay diminishes to complete irrelevance soon, seeing how they were so vindictive in their quest to eradicate the "garage sale" business model at the expense of all those folks who put them on the map with that very idea.
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by usarioclave October 15, 2008 5:00 PM PDT
When the new CEO made that "yard sale" comment, I knew it was over. eBay is a big yard sale.

eBay's whole reason for existence was to help people make money by selling their stuff. As they've moved further and further away from that, their stock price (and revenues) have dropped.

Soon, they'll be a lame version of amazon.com.

Why, eBay, why?
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by zincmann October 16, 2008 4:23 AM PDT
Burn EBay Burn, its no wonder your failing, this is just the beginning, its good to see enough sellers have left or are selling less because they are turned off by so many changes NO one wanted that its hitting them where it should, its pocketbook. There are choices and the people have spoken, change back or die a slow painful death EBay!
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by richardxmagnum October 21, 2008 9:32 AM PDT
Ive been buying and selling on ebay for 6 years now and it worked out well for me until the seller changes left me more vulnerable to unscrupulous buyers.Paypal owned by ebay is equally faulty leaving you no guarentees of recovering your losses from a bad buyer or seller.Right now I am considering closing both accounts and just hanging it up.Sold some car body parts on Craigslist for free recently that I couldnt sell on ebay and made close to a thousand bucks.No fees or bs from the buyer.b
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