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Philip Cohen

Philip Cohen
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  • 5 Myths About the Chinese Consumer [View article]
    Funny, I thought you were referring to the Catholic Church for a moment.
    Mar 28 04:45 PM | 10 Likes Like |Link to Comment
  • 5 Myths About the Chinese Consumer [View article]
    “… China's one child policy will come back and bite [it] and curtail the rise of China as it's workforce dwindles due to age and China's senior citizens will need to be supported just like in the rest of the developed world.”

    And, indeed, this applies to the whole of mankind (or should that be “personkind”?).

    We all either continue to multiply so that there will be enough taxpayers to provide for us in our old age, and eventually finish up shoulder to shoulder (probably warring over resources—all over again), or maybe we, in the West in particular, have to lower our lifestyle expectations and provide wholly for ourselves in our old age—a return to the “law of the jungle”.

    Like any “animal” that achieves plague proportions, nature (or human nature) will find a solution—we just might not like it. Historically, I would not want to have been here much before this time but I am not sure I would want to be here much after this time either.
    Mar 28 04:49 PM | 8 Likes Like |Link to Comment
  • eBay: Growth at the Right Bid [View article]
    On the surface this may sound like a reasonable analysis, but as others have pointed out, what about what’s going on under the hood? What about the continuing “clumsiness” of the whole eBay organisation?

    eBay has had it’s phenomenal success on its auction platform, a platform that can now be demonstrated to be insecure in the extreme for buyers; every eBay “device” now seems to favour the unscrupulous seller. We buyers really appreciate that.

    For those who would expect more “service” from eBay I would suggest that there is no way that more service can be provided, even if eBay had any desire to so provide, while the Ho is cutting staff to try to offset the effect of a continuing reduction in revenue. What are those 15,000 remaining people doing anyway?

    I would agree that the only future for eBay under the “Ho Ho Ho” and his crew is further down the toilet. And my reasoning for that assumption, from a buyer’s point of view, is detailed at www.auctionbytes.com/f...
    Oct 16 05:40 PM | 6 Likes Like |Link to Comment
  • 2008: The Year eBay Lost Its Mojo [View article]
    Regardless of who pays the fees, or who is now abusing the (broken) feedback system, or DSRs, or eBay’s latest “restraint on competition” attempt: the mandating of the offering of PayPal by sellers, or their failed attempt in Australia to mandate the exclusive use of PayPal, etc, etc, etc, the fact is neither eBay nor its sellers can survive without the confidence of buyers, and the recent application, generally, of “hidden bidders”, particularly in conjunction with the absolutely anonymous alias (“Bidder N”) suffered by users in Australia, UK, Ireland and the Philippines, which serves no other purpose that to hide from view the shill bidding that is undoubtedly now running rampant, is not going to improve that confidence anytime in the near future.

    Having said that, I think that most of us appreciate that the people currently in control of eBay are a bunch of unprincipled, disingenuous, (and possibly stupid) corporate snakes; it’s very difficult to keep track of such snakes as they slither through the undergrowth; and that “spinning” forked tongue doesn’t help any either!

    A lengthy detailed criticism of the eBay snake’s devious actions starts at
    www.auctionbytes.com/f...
    Dec 19 03:32 PM | 6 Likes Like |Link to Comment
  • eBay Remains a Powerhouse: Shorts Miss Forest for Trees [View article]
    eBay Q1 2010: Well, no matter how “Dr Death” Donahoe spins it, relative to all other ecommerce, the eBay Marketplaces are still going backwards.

    eBay Q2 2010: More changes instigated by eBay’s chief headless turkey have had the rusting hulk effectively dead in the water now since at least the beginning of April: sellers are squealing like stuck pigs that they are effectively paying increased listing fees but getting, not simply less but, practically no exposure, and therefore very few sales. But, don’t believe me, take a look at this thread on eBay’s own Seller Central forum, at
    forums.ebay.com/db2/to...

    It appears that eBay is presently (April 2010) applying rolling blackouts—or, more descriptively, white-ins, and not even generally but in random geographical areas, apparently.

    It's not simply the insane dumping of a whole lot of “store” items into core that is the problem, although that increase in load may be the underlying cause of what would appear to be the system’s inability to cope with that increased load.

    For whatever reason, eBay is now, in effect, defrauding sellers: eBay is charging sellers a fee for a service that they have contracted to supply and they are knowingly not supplying that service; indeed, they are telling everyone that there is nothing wrong (so, what’s new?).

    The making of such false representations for the purpose of obtaining an advantage borders on being, if not is, criminal fraud. And, on top of all the other ongoing disingenuousness and unscrupulousness of eBay towards its consumers, that really should be just about the last straw.

    Twenty-one July is going to be a most interesting day. Wth even more insane changes coming, twenty-one October looks like being even more interesting.

    PayPal: When “all the banks” do eventually get off their butts and complement their card system with a card/terminal-less system for online transactions, they will do it properly, and undoubtedly the dysfunctional PayPal will then sink like a stone—except possibly on what is by then left of the Donahoe-disrupted eBay Marketplace. So, PayPal’s future therefore appears problematic, and “Peter Principle” personified, Donahoe, is delusional if he thinks he will be able to keep relying on PayPal to keep the old eBay tub afloat. (Oops, Visa has just bought CyberSource, the online payments facilitator—I think that means bye, bye, PayPal. See further comment thereon at www.auctionbytes.com/f...)

    And for anyone interested generally in the matter of the rampant shill bidding fraud being perpetrated by unscrupulous professional sellers on buyers at auction, fraud that I believe can be demonstrated is being knowingly and criminally facilitated by eBay, an introduction thereto at
    www.auctionbytes.com/f...

    Is it any wonder the eBay Marketplace is struggling when compared to the others in this area?

    eBay/PayPal/Donahoe: Dead Men Walking
    Apr 28 07:07 PM | 5 Likes Like |Link to Comment
  • 5 Myths About the Chinese Consumer [View article]
    Obviously, eBay will be hoping that the Chinese on-line consumer, who is inclined to "gamble" on an eBay auction, will be as naive as the consumers and regulators in the US and most of the rest of the world. I hope they are not, as eBay will otherwise exploint that naivety to the full.

    An introduction to the most unscrupulous behaviour of eBay at:
    www.auctionbytes.com/f...
    Mar 28 08:35 AM | 5 Likes Like |Link to Comment
  • Bloom Energy Emergence Leads Clean-Tech [View article]
    Is anyone prepared to guarantee that this "Bloom Box" is not simply another eBay scam?
    Feb 27 03:12 PM | 5 Likes Like |Link to Comment
  • Does CEO Age Affect Stock Performance? [View article]
    What a load of nonsense! Age is irrelevant. In “Noise” Donahoe’s case, age certainly is irrelevant; eBay's problem is that Donahoe is a “turkey” and the question that follows is how can this headless fowl possibly survive another Xmas given that he has reduced eBay's staff levels, revenues and profits four quarters in a row? And undoubtedly the December quarter will bring more of the same.

    Why is ‘Noise’ Donahoe trying to destroy eBay?
    auctionbytes.com/f...
    Dec 13 08:41 AM | 5 Likes Like |Link to Comment
  • Is eBay's Strategy Working? [View article]
    Regardless of who pays the fees, or who is now abusing the (broken) feedback system, or DSRs, or eBay’s latest “restraint on competition” attempt: the mandating of the offering of PayPal by sellers, or their failed attempt in Australia to mandate the exclusive use of PayPal, etc, etc, etc, the fact is neither eBay nor its sellers can survive without the confidence of buyers, and the recent application, generally, of “hidden bidders”, particularly in conjunction with the absolutely anonymous alias (“Bidder N”) suffered by users in Australia, UK, Ireland and the Philippines, which serves no other purpose that to hide from view the shill bidding that is undoubtedly now running rampant, is not going to improve that confidence anytime in the near future.

    Having said that, I think that most of us appreciate that the people currently in control of eBay are a bunch of unprincipled, disingenuous, (and possibly stupid) corporate snakes; it’s very difficult to keep track of such snakes as they slither through the undergrowth; and that “spinning” forked tongue doesn’t help any either!

    A detailed criticism of the eBay “snake” starts at www.auctionbytes.com/f...
    Dec 15 04:02 PM | 5 Likes Like |Link to Comment
  • eBay Is On Fire [View article]
    Ethics! Ethics! You have the gall to mention the word "ethics" on an article about the "eBafia" ...

    For anyone that is interested in the future of eBay, firstly, in the NYT on Friday 27 July, a fairy story, direct from the eBay Dept of Spin (should be good for a laugh, even for you Bret) ...

    “Behind eBay’s Comeback”
    http://nyti.ms/OufODR

    Then, the reality of the eBay marketplace, a depressing story from a once "golden-haired" eBay merchant ...

    http://bit.ly/McNrhf

    And finally, for dessert, a summary of the ongoing criminal activities of eBay, the greatest knowing (and ongoing) facilitator of wire fraud that the world is ever likely to know ...

    “Shill Bidding Fraud on eBay Auctions: Case Study #5”
    http://bit.ly/N1nTlc

    But do keep pumping that eBay stock, Bret; it may catch up to Amazon one day ... in your dreams ...

    eBay / PayPal / Donahoe: Dead Men Walking
    Jul 31 04:07 PM | 4 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    You consider Visa/Mastercard less secure than PayPal? You are joking, of course.

    Draft Media Release re PayPal

    “It is with great sadness that eBay’s Chief Headless Turkey, John Queeg-Donahoe, announces the probable eventual demise of eBay’s most ugly daughter, PayPal. Donahoe says that PayPal is likely to be stricken by particularly virulent strains of Visa/Mastercard P2P, and these afflictions are greatly aggravated by PayPal’s insurmountable lack of direct financial institutions support and a great deal of PayPal merchant dissatisfaction, particularly with respect to PayPal’s grossly unfair, “all responsibility avoiding” user agreement, primitive risk management processes, and grossly unprofessional, buyer-biased and fraud-facilitating (indeed, apparently non existent) transactions mediation, to name just a few of the problems that PayPal merchants have to endure.

    “Donahoe says that PayPal’s health may therefore be expected to deteriorate and, if ultimately not completely incapacitated, will most likely be eventually confined to its mandatory offering on what little there will be, by then, left of the Donahoe-devastated eBay marketplaces. There is no cure for this condition and the “eBafia Don” is particularly saddened by the inevitable presumption that it is unlikely that PayPal will be able to continue to underpin eBay’s sagging bottom line too far into the future.”

    Yes, it’s a send-up but, still, it accurately describes PayPal’s unregulated, most unprofessional and “clunky” operation. Had the developers of the original “bankcard” concept ever behaved the way PayPal behaves, towards its payees in particular, credit/debit cards would never have gotten off the ground, and we would still be paying for all our purchases with bits of paper and little metal discs.

    PayPal is not a “bank”, and is not prudentially regulated as are the banks. PayPal has been forced down the throats of eBay merchants, much to their distaste. Without eBay’s mandating the use of PayPal it would be nothing and, regardless, it still is the most unprofessional, unscrupulous, incompetent, wire fraud-facilitating payments processor on the planet.

    All the payments processors that do not have the direct underlying risk-managing and real transaction-mediation support of the financial institutions (the “banks”) that are ultimately involved at either end of the transaction—as does the likes of Visa/Mastercard—suffer all the same handicaps that PayPal suffers. The “banks” may be disliked by some but they at least supply a “professional” payments processing service.

    Undoubtedly, if and when the banks decide they want to take on the greater risk involved with such payments processing as PayPal offers, and they offer a like simple, but more “professional”, online system via Visa/Mastercard, the clunky PayPal will quickly disappear into the history books.

    Enron / eBay / PayPal / Donahoe: Dead Men Walking.
    Mar 17 10:06 AM | 4 Likes Like |Link to Comment
  • Holiday E-Sales Were Heavier in November [View article]
    Puff, puff, puff; you are going to have to pump harder that that to keep this dead whale eBay afloat. This particular puff nonsense by Colin Gillis is no more than paid for PR sourced directly from the eBay Dept of Spin.
    Jan 11 06:59 PM | 4 Likes Like |Link to Comment
  • Holiday E-Sales Were Heavier in November [View article]
    So true, even if eBay had all the sellers selling the right products, there is some much greater problem here; either the buyers are no longer there or the eBay IT system is still so crippled from eBay’s April Fools Day prank, or very poorly and disingenuously manipulated, that no one can find the products. No one, not even a mega seller, is going to hang around for long on eBay on a sell through rate of 5%, even with fee-free listings, other than to drive eBay users to their own websites where invariably the product can be had for a cheaper price (eg Toys-R-Us) and not have to put up with eBay’s (and PayPal’s) disingenuous and potentially fraud inducing and facilitating micromanagement of transactions.

    Keep up the good work John; Mr Bezos appreciates all you are doing for him.

    eBay/PayPal/Donahoe: Dead Men Walking.
    Jan 9 05:22 PM | 4 Likes Like |Link to Comment
  • Holiday E-Sales Were Heavier in November [View article]
    If you think about it growth must inevitably slow as you get to the stage of market saturation. Could Amazon be now approaching that point? Who knows? In eBay’s case I suspect that they once effectively had market saturation in the sphere that made eBay the great commercial entity that it used to be; but no longer; under the auspices of the current chief headless turkey eBay has certainly stagnated and has gone backwards in relative terms, if not backwards in absolute terms. Well done “Turkey” John; your mates at Bain & Co should be able launch that buyout any day now. No, only joking, not even Bain & Co would touch such damaged goods except to break it up and sell all the constituent parts. Again, well done John, you most incompetent, obnoxious, sociopathic, cretin; you’ve managed to severely damage a household brand; that should be something to add to your CV when you go looking for a new business to destroy. In the meantime I am wondering how Intel is faring with this headless turkey advising them.

    eBay/PayPal/Donahoe: Dead Men Walking.
    Jan 9 04:24 PM | 4 Likes Like |Link to Comment
  • Holiday E-Sales Update: Same Store Sales Get Boost From 'Cyber Five' [View article]
    Yes, where is the detailed record for the eBay patient in the ICU under the management of "Dr Death" Queeg-Donahoe? Where is the Y/Y analysis comparison between eBay and Amazon? Please, let's keep the spotlight on the totality of Donahoe's continuing relative failure with respect to his attempts to compete with Amazon, indeed, with his failure to even match e-commerce in general.

    eBay/PayPal/Donahoe: Dead Men Walking.
    Dec 17 04:24 PM | 4 Likes Like |Link to Comment
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