Is this the beginning of the 'end' for the *bay?

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  1. Maybe Ebay should realize it's not the lousy economy that's making its revenue drop! In a bad economy there should be even more revenue for Ebay, with sellers eager to get rid of stuff and buyers searching for bargains. If Ebay's losing money, it's due to it's lousy new batch of policies that hurt sellers. It deserves it's losses! ;)
  2. ^ AMEN!!!

    Honestly, I have plenty stuff to sell on ebay and it actually was fun when I started but with these new policies, I'd rather give these things to the salvation army or something... and I would never ever sell an expensive item through ebay. Not worth the hassle imo.
    I can imagine many sellers feel this way... serves Ebay right for what they did to many honest and good sellers if you ask me.
  3. Ebay has turned into a royal PITA! I used to love ebay, but now I'm restricted from selling a bag of mine(I did do a thread about this). This has been my first negative experience in 7 years, but I'm pissed. I understand that they are trying to control counterfeiters, etc...but when they start alienating their client base & charging ridiculous fee amounts, & whats all this business about not being able to leave negative feedback (?), then they are going to see business decline. I know more people who hate ebay than love it & that is NOT a good way for a company to stay in business!:tdown:
  4. Totally agree with caannie!

    And I'm not surprised that Paypal's revenue is up, they take WAY too much out of payments. My favorite? I got a $1 payment and ended up only getting .53 of it. :tdown:
  5. Their CEO is a complete idiot:

    The disappointing results come at the end of Mr. Donahoe’s first year as chief executive. But Mr. Donahoe said he was pleased with the number of fundamental “structural” changes the company made in 2008, focusing on, among other things, the security of the site and a reduction in the fees it charges fixed-price sellers. “Today, eBay is safer and easier to use than it was a year ago,” he said.

  6. Well, he's right in a way... if you're a dirty liar and a scammer, it is safer for you... chances that you get away with your :censor: are better than ever before!

    tsk, ebay and safer... :rolleyes:
  7. AMEN to that!
  8. I couldn't have said it better myself! Perhaps it will devolve into a scenario in which the scammers scam the counterfeiters! Wouldn't that be perfect karma?
  9. Ah my daily schadenfreude, thank you ! :graucho:
  10. I usually don't visit this forum, but I wanted to share a similar BusinessWeek article:

    Frankly I don't understand why eBay has always been on one extreme (favoring sellers) to the other (favoring buyers). The new CEO is out of his gourd if he thinks it's just the economy that's gotten eBay to this point. I know that I'm not the first person to say this and I won't be the last to ask or think this, but why isn't Google coming out with their version of eBay? They really are the only company that can take eBay down! I'm glad that ecrater and Bonanzle are around though since they've made our lives much easier.

  11. Not only is he a complete idiot - he is also delusional! There are more crooks signing up every single day now than ever before.

    I can't count the number of crooks I have reported in the last week. They are not just "single" sellers either, there are "rings of thieves".

    I know many, many good sellers who have moved on to other sites OR they are waiting for Auctiva's "Commerce" site to get up and running.

    By the times the public realizes what ebay has become - there won't be a good seller to be found.

  12. i won't sell on ebay anymore, i have several LV pieces that are gathering dust....but i am afraid to sell them. i fear someone will make a false claim, or something similar.

    in a tumultuous economy i would imagine ebay would prosper, as people seek bargains and look to unload unwanted items...they should look at themselves if their business is not prospering.
  13. Ebay's fees are killing me on top of the Paypal fees. I've had to raise my prices which in turn hurts sales.

    Plus buyers seem to be in a mindset thinking that everyone is desperate for cash. They send me the most ridiculous offers I've ever seen. They act as if I get the merchandise for free.

    I wish Ebay would at least temporarily reduce it's fees. It would help to promote more business on ebay.
  14. #15 Jan 22, 2009
    Last edited: Jan 22, 2009
    Thanks for posting this, achygirl. I was just going to, so I'll go ahead and post the text here for those who'd rather not go through the link.

    EBay’s Income Declines 31% as Economy Reduces Traffic

    Published: January 21, 2009

    SAN FRANCISCO — The turbulent economy battered eBay, and the online marketplace reported its profit fell 31 percent and that it had its first revenue decline since it started in 1995.

    The results cap a year in which eBay made considerable efforts to reduce its dependence on its auction business, where growth has slowed in favor of fixed-price sales and eBay’s noncore businesses, like its PayPal payment-processing unit.

    “This was eBay’s first year-over-year quarterly decline, and we’re not happy about that," said John J. Donahoe, eBay’s president and chief executive in a conference call with analysts. “There’s no doubt eBay was impacted by the macroeconomy, and our fourth-quarter results reflect this.”

    The report caused shares of eBay to decline more than 6 percent in after-hours trading, after closing up 73 cents a share, or nearly 6 percent, at $13.28 in regular trading before the report was released.

    Adding to the disappointment, eBay warned that its first-quarter income would also fall short of Wall Street’s expectations. For the fiscal 2009 first quarter, eBay expects income, excluding items, of 32 to 34 cents a share on revenue of $1.8 billion to $2.05 billion. Analysts had forecast income of 40 cents on revenue of $2.10 billion.

    EBay’s net income in the fourth quarter fell to $367 million, or 29 cents a share, from $530.9 million or 39 cents a share in the year-ago quarter. EBay’s full-year revenue of $8.54 billion was up 11 percent over 2007.

    Excluding one-time items, eBay earned 41 cents a share, beating analysts’ forecast of 39 cents a share, but it fell slightly short of analysts’ revenue forecast of $2.12 billion, according to a survey of analysts by Thomson First Call.

    The company, based in San Jose, Calif., said revenue fell 7 percent, to $2.04 billion, its first drop in sales in 10 years. EBay’s Marketplaces unit, which includes the core eBay auction site, reported a 16 percent decline in revenue, which the company attributed to falling demand and the strengthening dollar.

    Gross merchandise volume, the total of all transactions on the eBay Marketplace and an important measure of overall growth at eBay, decreased 12 percent during the quarter, its second consecutive quarter of decline.

    Revenue at PayPal rose 11 percent as total payments volume increased 14 percent, while Skype revenue increased 26 percent. For the first time, the majority of PayPal’s volume came from sites not affiliated with eBay, company executives said.
    Scott Devitt, an analyst with Stifel Nicolaus, said the results were hardly surprising given slowing demand, though the first-quarter outlook was even weaker than he expected. “Fundamentally, the business continues to be challenged,” he said.

    Even as the most-visited retail site on the Web with about 85 million visitors, eBay’s traffic in December was about 4 percent lower than the year before. Overall holiday spending online was down about 3 percent from last year, according to the market researcher Obscure.

    The disappointing results come at the end of Mr. Donahoe’s first year as chief executive. But Mr. Donahoe said he was pleased with the number of fundamental “structural” changes the company made in 2008, focusing on, among other things, the security of the site and a reduction in the fees it charges fixed-price sellers. “Today, eBay is safer and easier to use than it was a year ago,” he said.

    The company laid off 10 percent of its work force of 16,000 during the fourth quarter, and paid $1.35 billion to acquire the online-payment firm Bill Me Later and two Danish advertising companies.