Shouldn't changes make your company MORE valuable??

[tea_past_times]

Ok, so it's been 6 months since the great Donahoe arrived on Mount Ebay. Along with him came his new ideas and massive site changes.

Ebay is worth billions, yes billions of dollars LESS than it was when he took over, in fact when he tried to fool investors with a week second quarter report, that according to him has the company headed in the right direction, investors responded by dumping their stock and sent the stock price to a new 52 week low.

Overall Ebay is worth 27% LESS than one year ago. That is quite a resume Donahoe is building. Add to that tons of negative PR, and fleeing bitter, sellers, and I think a performance review is in order.

Now they claim to be listening to customers, by rolling back the neutral feedback decision foisted on sellers ijn the dark of night, with no discussion at all. They are also canning the new outside links policy. Again because they "listened"

The new changes have failed. Investors demanded bigger profits, and they forced Meg from the top for that, then they installed John DonaWho, who would not know how to run an Ebay ID, if he tried. Let alone the whole company. And their man has lost them their cash. Bigtime!! HA HA and Double HA HA

[tea_past_times]

They put one and all through the ringer in a quest for more cash than they were making and ended up with 27% less in the end. KARMA will get ya, no matter how big your company is.

By the way when it come to the number of online auction listings currently on the web, Ebay is very close to losing their dominant position. Ebay has somewhere between 12 and 14 million listings( depending on whether you include BUY.com and and others) The other sites added together are around 11.5 million listings.

When the nonsense started it was 14 million listings on Ebay and 3 million on all the other sites combined. So the competition has picked up 8.5 million listings since January.

Maybe that is why the "listening" has started.

HMMMMM!!!

[pierrelebel]

"Overall Ebay is worth 27% LESS than one year ago."

Most public companies have seen their stock down in the last twelve months. Little to do with eBay's management changesor policies.

Have you checked what has happened to the price of all Canadian and US banks in the last year? .

[tea_past_times]

Have you checked what has happened to the price of all Canadian and US banks in the last year?....


Yes, I have, and they sure are feeling the effects of poor management too aren't they. They made a huge number of questionable decisions on lending, and now their companies are worth less. Mismanagement leads to financial failure, whether in the banking sector or Ebay.

However the oil companies are posting the highest profits in corporate history. It's not the market that determine a company's value, it's performance of management. The market value it almost always a reflection of that.

Ebay is dying a slow and painful death, because it's being horribly mismanaged by people who don't understand the online sales marketplace and are too full of whatever to admit that and listen to the real experts on online sales, their customers, the sellers.

[dipmicro]

Ebay is dying a slow and painful death

Just because you are wishing it and advocating this here does not make it true.

Healthy competition from other e-commerce venues is welcomed by eBay sellers. eBay is far from dying or if it is we could say the same about Microsoft, Yahoo and others that are slowly loosening their foothold in the markets they dominated once.

[pierrelebel]

"they sure are feeling the effects of poor management too aren't they."

???

They are the same decisions they made years ago that made them zillions of dollars of profit and saw their stock price double and triple.

Market corrections are just that: market corrections - they have litle to do with individual company senior management. .

[gifts_of_elegance]

A company is only as good as the people that work for it. When there is no growth, decay sets in. Nothing ever stays the same, there are constant changes and we have to change with them or obsolescence sets in.

"They are the same decisions they made years ago that made them zillions of dollars of profit and saw their stock price double and triple."

There is your answer why they are going down-hill. They have not changed with the times.

[gifts_of_elegance]

dipmicro:
Yes, healthy competition is good but no competition is even better. EBay has had no real competition yet, just hopefuls. But that too will change.

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[tea_past_times]

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