Ebay user 1

eBay Worsening

Think about this, Ebay got rid of 1500 Employee's ... 1500 x $30,000 average salary is another 45 million, they would have went down last quarter, instead of 91 million make it 136 million ... again Donahoe thinks short term to keep the stock afloat as long as he can because this moron really thinks these changes they made will work,

I have no idea why the board of directors of this company keeps letting this go on, its seems criminal too me.

Funny they get rid of 1500 customer service people to streamline the site??? these people buying shares of this company seem to be falling for this, this stock is worthless.

I remember the look on the guys face interviewing Donahoe on CNBC it was priceless, he sort of gave him a look like: ummm are you really saying this and trying to make me believe this is a good move, I am not that dumb ... this Donahoe keeps saying this stuff and people used to actually believe it for some reason, I can look at that guy and see he is just a fool/liar and totally out of his league, he should have never been a CEO of a company like this or any other if you ask me.

As far as PayPal, well PayPal was built by Ebay users long before Ebay owned it, Ebay had its own Credit processor it was called "Billpoint" and it was a miserable failure, Why you ask? cause of Meg running it and the disruptive policies of Ebay.

Once Ebay goes those people will go to another processor and PayPal will be old hat and again worthless, the only reason PayPal worked is because of Ebay, when you got 100's of millions of people using Ebay and sign up for that processor its just convienent to use it because you already have it ... once Ebay gives up its market share to another big auction site or sites they will then use that processor, people dont give a damn about PayPal, its just easy because they already use it, but if sellers change whom they take payments from, its done.

If another site opens and all the sellers use another processor because its cheaper to use its over for PayPal, PayPal owns nothing and sells nothing its just a processor, I am sure any company in the world would process for half as much as PayPal does when you have the super high level of transactions, you can discount fee's heavily.

PayPal used to be basically free or charge very little before Ebay owned it and that site made tons of cash and didnt screw everyone in the process, Ebay has made the U.S. a monopoly as far as processing goes making us only take instant payments and no money orders, I mean they dont force you to use PayPal but thats what everyone is used to on Ebay so giving us a choice of that or some unknown processor or NOTHING makes it total BS.