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EBay CFO: It will get worse before it gets better (laying off 2,400)
Yahoo Finance ^

Posted on 01/21/2015 5:45:00 PM PST by Red in Blue PA

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1 posted on 01/21/2015 5:45:00 PM PST by Red in Blue PA
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To: Red in Blue PA

The last time it was “better” was about 8 years ago. We’ve been in economic Hell ever since.


2 posted on 01/21/2015 5:47:30 PM PST by Opinionated Blowhard ("When the people find they can vote themselves money, that will herald the end of the republic.")
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To: Red in Blue PA

He must have missed hussein Obama’s speech last night about how good things are.


3 posted on 01/21/2015 5:50:30 PM PST by boycott
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To: Opinionated Blowhard

When used crap isn’t selling, you know things are bad.


4 posted on 01/21/2015 5:52:15 PM PST by Red in Blue PA (Compared to obama, Jimmy Carter looks like Winston Churchill.)
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To: Red in Blue PA

Obama reality continues to set in — think maybe they will learn now??


5 posted on 01/21/2015 5:52:25 PM PST by EagleUSA (Liberalism removes the significance of everything.)
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To: Red in Blue PA

Perhaps I’m missing something key, but it’s always amazed me that this company makes money and has lasted as long as it has.


6 posted on 01/21/2015 5:53:47 PM PST by 9thLife ("Life is a military endeavor..." -- Pope Francis)
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To: Red in Blue PA

The economy is great. It’s the internet. All those old line brick and mortar retailers are in trouble. Radio Shack. Sears. JCPenneys. EBay.

Umm. Wait a second. The White House needs to revise their talking points. I’ll get back to you later with the party line.


7 posted on 01/21/2015 5:55:51 PM PST by PAR35
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To: Red in Blue PA

“eBay Chief Financial Officer Bob Swan said 2015 would present “real challenges” and forecast that ‘it will get worse before it gets better.’”

Yeah, at least 2 more years of wanton, scorched earth destruction by Barry Soetoro before there’s any hope of things getting “better.”

If there’s anything remaining to “get better.”


8 posted on 01/21/2015 5:57:13 PM PST by SharpRightTurn (White, black, and red all over--America's affirmative action, metrosexual president.)
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To: Red in Blue PA

Some people want way more than something is worth in a more than a few cases.

That being said, I have found a few bargains when it comes to oddball things I like to use as props. Mostly military surplus, old airplane instruments, and the like.

I hope to the macro for the Lumix at some point and get back into making stuff.


9 posted on 01/21/2015 6:00:20 PM PST by wally_bert (There are no winners in a game of losers. I'm Tommy Joyce, welcome to the Oriental Lounge.)
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To: Red in Blue PA

Netflix was up $55 a Share yesterday. Just sharing. #;^)


10 posted on 01/21/2015 6:00:22 PM PST by Kickass Conservative (If you think the Mulatto Marxist is bad, just wait until the Menopausal Marxist shows up.)
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To: Red in Blue PA

So, how is that “No firearm related item sales” working out for ya?


11 posted on 01/21/2015 6:03:06 PM PST by CrappieLuck
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To: Red in Blue PA

eBay has several problems...

1. Seller fees are too high. eBay’s greed is chasing sellers away.

2. The deck is stacked against the seller who has no protection against crooked buyers. In a dispute, eBay will always side with the buyer regardless of the facts.

3. To add insult to injury, eBay has now extended the time the buyers have to return items they claim are “not as described” to 6 months, which is insane.

4. The eBay feedback system was deliberately emasculated so that a seller has no public recourse against a bad buyer.

5. eBay constantly changes how their system operates without warning, which can confuse buyers and sellers alike.


12 posted on 01/21/2015 6:03:10 PM PST by Fresh Wind (The last remnants of the Old Republic have been swept away)
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To: CrappieLuck
So, how is that “No firearm related item sales” working out for ya?

Indeed. No Ebay or Paypal for me. Ever.
13 posted on 01/21/2015 6:05:12 PM PST by Red in Blue PA (Compared to obama, Jimmy Carter looks like Winston Churchill.)
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To: Red in Blue PA
Here's some suggestions, eBay:

Stop the stupid easy return program. You're costing your sellers a whole lot of money for no reason.

Start paying attention to your sellers. Guess what, without sellers paying fees, you don't make any money.

Don't want to do that? Start collecting fees from buyers, and stop collecting fees from sellers.

You've lost at least 100,000,000 auctions a year, and 50,000,000 buy it nows with your policies. Those sellers have gone out and founded and created competitors to your market. ‘Find it on eBay’ is quickly becoming no longer true. And all those lost listings means that much less cash in your pocket, and potential final value fees from sales. That's pretty much the amount of money you are short, and have to cut your staff. And it will get worse this year unless you drastically change course.

14 posted on 01/21/2015 6:05:45 PM PST by kingu (Everything starts with slashing the size and scope of the federal government.)
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To: Fresh Wind

7. They do not allow gun accessories to be sold.

(Probably should be #1 reason, not 7)


15 posted on 01/21/2015 6:06:09 PM PST by Red in Blue PA (Compared to obama, Jimmy Carter looks like Winston Churchill.)
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To: Fresh Wind

Don’t forget entire swaths of sellers deleted for hours at a time as their systems keep crashing.


16 posted on 01/21/2015 6:06:46 PM PST by kingu (Everything starts with slashing the size and scope of the federal government.)
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To: Red in Blue PA

Liberalism has taken over at eBay.

Good things turn to **** when that happens.


17 posted on 01/21/2015 6:13:58 PM PST by Fresh Wind (The last remnants of the Old Republic have been swept away)
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To: Red in Blue PA

Ebay got way too expensive for their sellers. They killed their golden goose.


18 posted on 01/21/2015 6:15:34 PM PST by 2banana (My common ground witprinted h terrorists - they want to die for islam and we want to kill them)
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To: Fresh Wind
I am seeing things that would have in the past been sold on Ebay now being sold on Etsy and Ruby Lane.
I wonder if those sites are offering a better deal to the sellers.
19 posted on 01/21/2015 6:19:45 PM PST by kaila
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To: Red in Blue PA

Ebay treats their American sellers like the enemy rather than the paying customers.

They went through a huge purge last year of longtime Sellers that fell below ebays horrendous, unfair Star rating system. From what I read over 100,000 were purged and told never to come back.

Well guess what? That made over 100,000 people that will never buy another thing on ebay. If they ever lock me out, I will never buy another thing there.


20 posted on 01/21/2015 6:19:53 PM PST by katnip (May we always be happy and may our enemies always know it. - Sarah Palin, 10-18-2010)
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