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J. Dunahoe
8 Comments
Q2 Predictions for eBay Business Segments
eBay Looks Cheap Even with All The Negatives
It's becoming clear, unless there is a total about-face, ebay is a site destined for the largest fall in the history of online commerce.
How does a man keep his job when he's obviously clueless to the basic fundamentals of business? Is J.D. sane? I truly think that is a fair question.
eBay: Triple Whammy Weighs on Stock Price
PayPal Merchant Service Major Source of Growth for eBay
I don't believe this would be a good time to put your money in an ebay stock. Of course, I can't advise anybody on how they wish to spend their money -- I can only point out what is coming up and let them decide for themselves.
Who would have thought that ebay would turn from an auction site that sold millions of unique items to a site that now has more of it's stock being sold than it's items.
PayPal Merchant Service Major Source of Growth for eBay
They were created by word of mouth and will be detroyed the same way.
Keep your stock and don't believe anything from those in the know.
Ebay had better buy the world's biggest shredder, because they are going to be in court a lot in the next year or two...and I don't see how they can win any of the cases should the "facts" of their shady business practices be exposed.
There are a lot of people in denial about ebays impending doom, but it is as real the the fake and padded listing they are appeasing the stockholders with. The problem with this philosophy is; it eventually catches up with you, no matter how rich, you can't live off of zero revenue from fake listings. Paypal is the only thing keeping ebay afloat...and that is being dumped at the same rate as ebay itself.
They have too many enemies and they are growing daily...they will fall.
Their stock is being artifically inflated, even as it drops daily. If you want to wait for it to rebound...perhaps I can sell you my Nortel stock while you're waiting.
Can you say dump and run.
Q2 Predictions for eBay Business Segments
It is certainly all there to see for those who are willing to do their homework.
Do not be stuck holding an ebay stock in their current state. Some of it is the economics of the country, while the majority of it is poor corporate decisions not being thought out or researched enough prior to implementation.
I will say it right now, you don't have to listen...
Ebay is breaking many laws and will be held accountable for their actions at some point in the near future. I can't see them hiding their "creative" accounting and business practices for much longer before they are exposed.
Mark my words...and it would be advisable to use this time to do your own investigation while you still have a shirt.
You will have to search beyond the first pages of google to get past the propaganda.
Q2 Predictions for eBay Business Segments
Ebay Inc. EBAY (NASDAQ GS) N/APre-Market After Hours $N/AChange: N/A N/AVolume: N/A
$23.98Change:-4.12 -14.66%
Volume:63,559,725
Q2 Predictions for eBay Business Segments
It might take people a few months to come to this realization, but eventually they all do. E-bay is not a place to do business...if you're in it for the profit...and who isn't? So, that said, what is so hard to understand about the fact that e-bay is going to shrink and shrink until it becomes a non-factor. They have more enemies than friends. That alone will sink you in time. They have turned against the very people who made them. Those same people will destroy them. You only find out the strength of your allies when they turn on you. I was, like many, a person who endorsed ebay to everyone I knew. I am now working twice as hard to inform people of better and more friendly options. Do the math on this...there is no greater advertiser than face-to-face word of mouth. I and many other are determined to give them the same respect they gave us...no more no less.
There is absolutely no doubt ebay has been padding their listing and doctoring their books (that is an absolute proven fact). With that being a fact, and it is...doesn't it make you wonder how far the fraud goes? It's not the first time this type of thing has happened...why would everyone be so surprised to see another giant fall due to it's own greed and corruption?
They forgot the number one rule in business. Take care of your customers...guess what, the sellers were there customers. If you have nothing good to sell there will be no buyers. If you have only common items, then you may as well go to W-mart.
As soon as the "new" sellers (if they really exist in any numbers) realize they are not making money...poof! off to a different site they will go. The competing sites are growing larger everyday. They still know the value of each individual person who works on their site. It it truly only a matter of time before we see ebay fall. The writing is written clearly on the cracking wall...read it before someone sells you a piece of e-bay in an online aution -- on another site.
If you don't believe me up to this point...then try this: Punch in any search about e-bay that isn't complimentary towards them...see what you get. You will have to go back pages and pages before you will find anything about (say a huge boycott that is currently underway). You will see some information about a boycott from February that had little impact. Isn't that interesting, when you can't read a thread on e-bay that isn't loaded with boycotters. Many don't even call themselves boycotters anymore...as they have just moved on. I am one of those people. I now sell happily on another site, and am determined to have this site crush e-bay. That is the conviction e-bay and the investors don't seem to understand...but they will. I promise, they all will.
The media control and censorship of the truth is the only thing keeping ebay from collapsing quicker than it already is. It's underway and it's irreversible. Soon the only thing associated with selling and ebay will be the selling of their stock.