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EBay Sees Steepest Drop in Seven Years
fox business ^ | 1-28-2016

Posted on 01/28/2016 9:20:02 AM PST by Citizen Zed

EBay Inc's shares plunged 13 percent on Thursday, after a disappointing holiday-quarter performance and a weak forecast suggested that overwhelming competition from Amazon.com Inc was gutting the one-time Wall Street favorite.

EBay, which gets more than half its revenue from overseas, is also fighting the impact of a strong dollar, which has knocked the wind out of profits at several companies that have reported results this earnings season.

The stock fell to $23.01 in early trading, knocking off $4 billion from Ebay's market value.

(Excerpt) Read more at foxbusiness.com ...


TOPICS: Chit/Chat
KEYWORDS: ebay
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To: Citizen Zed

I got tired of buying junk from there.


21 posted on 01/28/2016 10:38:48 AM PST by Thorliveshere
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To: doorgunner69

VW Touareg, and the N80 valve is an EVAP part.

Finding something like that only take a few minutes on EBay, but I’m at a total loss on Amazon


22 posted on 01/28/2016 10:43:03 AM PST by Balding_Eagle ( (The Great Wall of Trump ---- 100% sealing of the border. Coming soon.)
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To: minnesota_bound

Thanks, for that tip, that’s one angle I never thought of.

Doesn’t work for the screws, it gives 10,000 items, and none showed up on the first few pages. It only takes a couple minutes on EBay, but it might well be worth the extra time for a higher dollar item.

Sometimes I’ve also found what I want on EBay, and them entered that exact item at Amazon.


23 posted on 01/28/2016 10:51:02 AM PST by Balding_Eagle ( (The Great Wall of Trump ---- 100% sealing of the border. Coming soon.)
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To: Citizen Zed

What’s EBay?

<><><><

Myspace.com’s cousin.


24 posted on 01/28/2016 10:55:42 AM PST by dmz
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To: TigerClaws

Not sure what percentage of the EBAY sellers this might affect, but I can’t help but believe that Goodwill has killed off a bunch of EBAYs business with their major changes in recent years.

Goodwill now has their own auction site and they have teams of people that now filter through the donations for anything of real value so they can place it online for auction. They watch their customers shopping habits and in turn look for those same items during their scans through donations. They now use EBAY to research their pricing (like their customers would do) and have severly restricted what is actually placed out for the public to purchase. This has killed off many EBAY sellers because Goodwill is now only concerned with selling to the end user and have taken most of the profit out of the objects in their inventory.

I’m not faulting Goodwill for adjusting their business practices to better themselves as a company, they do provide some valuable services. Before these changes, though, there was an enormous number of people and small businesses that relied on the find and flip potential that Goodwill offered for their EBAY offerings. The ripple effect is significant.


25 posted on 01/28/2016 10:56:03 AM PST by xander
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To: Citizen Zed

FeeBay


26 posted on 01/28/2016 10:57:59 AM PST by Morgana ( Always a bit of truth in dark humor.)
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To: Citizen Zed

I backed off from eBay when it became a forum for retailers to sell their inventory, one item at a time, for bigger profits.

When it was just “the people” buying and selling you could find some pretty neat stuff, now it’s just elcheapo reproductions from China.


27 posted on 01/28/2016 11:33:39 AM PST by FrankR (You're only enslaved to the extent of the charity that you receive!)
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To: Balding_Eagle
VW Touareg, and the N80 valve is an EVAP part.
Finding something like that only take a few minutes on EBay, but I’m at a total loss on Amazon

Go to Rockauto.com. Great prices and low shipping costs and the stuff gets to my home in only three or four days. I buy a large portion of my auto parts through them

I have no connections to Rockauto.com. I just buy their parts.

28 posted on 01/28/2016 11:52:21 AM PST by OldMissileer (Atlas, Titan, Minuteman, PK. Winners of the Cold War)
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To: Citizen Zed

Ebay decided to nuke a friend’s account over conservative political commentary left in feedback comments (which he should not have done). However, after the story hit Free Republic, someone from corporate called my friend and reinstated the account with a warning not to put such comments there. Interesting. Wonder if the need for income was a deciding factor or the fact that the comments could come out on Free Republic and have liberals AND conservatives at Ebay’s throat?


29 posted on 01/28/2016 1:48:09 PM PST by MeneMeneTekelUpharsin (Freedom is the freedom to discipline yourself so others don't have to do it for you.)
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To: Citizen Zed

“What’s EBay?”

An anti-American website that once upon a time allowed people to sell (GASP!) guns. I used to browse through their listings of Krag rifles. I lost my country, has anybody seen it?


30 posted on 01/28/2016 2:57:11 PM PST by TexasRepublic (Socialism is the gospel of envy and the religion of thieves)
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To: OldMissileer

I bought the part from Deutchautoparts.com.

OEM VW parts at a fraction of VW dealer price.

My real question though was about how to search Amazon, as I’m totally lost when my searches come back with ten thousand results. That’s not even practical

I’ll stick with eBay.


31 posted on 01/28/2016 3:15:13 PM PST by Balding_Eagle ( (The Great Wall of Trump ---- 100% sealing of the border. Coming soon.)
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To: TigerClaws

They lost me when they forced you to start using paypal. I used Ebay maybe 500-600 times 5 - 15 years ago. Zero since.


32 posted on 01/28/2016 3:16:55 PM PST by catfish1957 (I display the Confederate Battle Flag with pride in honor of my brave ancestors who fought w/ valor)
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