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eBay: Stock Fully Valued at Current Price

Paypal is only making money because ebay has instituted an illegal paypal only payment monopoly. This will be struck down by either the already filed class action anti-trust lawsuit or hopefully by a justice department/SEC/and administration no longer willing to tolerate the abuses of American Companies.

Ebay will go the way of Enron and Madoff as their illegal attempts to suck money out of their users backfires. Nobody wants to buy there because of the rampant shill bidding since they removed transparency from the bidding experience. Nobody wants to sell there because of 2 fee increases, no ability to leave honest feedback, constantly being cheated by fraudulent buyers and non paying bidders and the fact that ebay has NO customer service.

Ebay stock ended near it's historic low and their refusal to give any guidance for 2009 shows that they know it is going to only get worse for ebay. Stay away from this stock if you value your money. Even Meg Whitman and Pierre Omyidar are dumping stock, check the insider trading portion of their quarterly reports if you want to know how much stock they have dumped.

eBay: First Quarter Looks Rocky

I can see the paid ebay cheerleaders are here. Ebay is a joke. Amazon posted record holiday buying season numbers because they are a well run company and ebay/paypal is a greedy incompetent mess.

They have a reduced profit margin over 2007 even though they raised fees twice and they ran off all their seller/buyers with those increased fees, illegal ebay/paypal monopoly, feedback that no longer means anything but allows criminal buyers to bilk sellers out of their money and merchandise, and shill bidding is all over the place since they chose to end transparency in bidding.

Buyers know they are being cheated by shill bidding and they can't find what they want anyway due to Ebay not allowing them to see what they want, but what ebay wants them to see: The cheap plastic chinese crap the diamond power sellers are pushing.

2008: The Year eBay Lost Its Mojo

These Ebay Cheerleaders are pathetic. So the company sucks, everybody knows it. I knew that the sellers would leave, but now the buyers are fed up with the shill bidding and the site being flooded with the same old cheap warehouse style crap I could get at any discount store without paying shipping.

FatSeal is correct, name one other ecommerce former giant who has this level of animus directed at it by former supportive members? I trash ebay's name to everybody I meet. I tell them to stay away, it isn't safe and if they bid they will get shilled up by unscrupulous sellers etc. People are listening. Ebay was built by us and we are destroying it by the same word of mouth. This is the ignorance and greed of the top execs at work.

2008: The Year eBay Lost Its Mojo

If donahoe's horribly bad decisions HAD resulted in the stock price going up, he could be pretty happy now, but in fact it has tanked into the toilet.

I sell on Ioffer now and every single one of my customers have zero feedback there so they are new and they tell me they are ebay refugee buyers. I have "it". And the buyers still want it, they just can't get it on ebay.

One Lady who bought a $180.00 item from me wanted to know why it wasn't on ebay. I told her a long list of reasons why I don't sell there anymore and that if she wanted the quality stuff she had to go elsewhere.

My customers are telling me they are finding my "it" stuff through google searches which ioffer items automatically post to, so I don't need ebay's crap. I list for free and get only 4% FVFs. I use any payment system I want. Google checkout is gaining on paypal and I look forward to ebay's investigation by the Justice dept. and eventual break-up of their monopoly and eventual bankruptcy.

No Christmas for eBay Sellers

I assume whoever was posing as J. Donahoe in the comment section was making a joke. The facts clearly show that ebay stock is tanking badly. They are down over 50% in the last year alone.

If you take into consideration that ebay stock used to sell at around $50 dollars a share and now it is $15, that is a blatant lie that the stock is up.

I don't know how old John D. can "grow paypal" as one of their goals for the year, when everybody HATES paypal now and are switching to Google checkout on all the fast growing competitor sites to sell on out there.

No Christmas for eBay Sellers

A Sell your items form that works is not on my priority list for every going back to greedbay.

Unless they get the ebay/paypal monopoly OUT of my revenue stream so they no longer control MY money and can't hold it for 3 to 180 weeks at their discretion and THEY get interest on it the whole time and then maybe they give it to me or maybe they don't, maybe they give it to some criminal buyer who has been scamming half of ebay and they won't kick him/her off - I won't ever go back.

Plus, I want to be able to read and leave honest feedback for buyers so I can try to avoid the criminals out there. Now we are told they are perfect and there are fraudsters extorting feedback for money/items. We can't tell the honest buyers from the scammers.

Until there are real penalties for buying and not paying, why bother doing the work to list?

Google checkout is a safe online payment system with a by far better name amongst online buyers and sellers than the hated Ebay/Paypal Monopoly. Paypal only IS illegal but it will apparently take a class action lawsuit or the government stepping in to enforce Anti-Trust laws (as they did in Australia when they tried it there. The Australian government shot paypal only down as illegal monopolistic behavior)

I'm sitting on some of the best stuff I have ever had to offer, Rare pieces of vintage dinnerware by some of the best vintage designers (Zeisel, Schreckengost, Wright) and definately stuff people will want, but it isn't going on ebay. I'm not getting the traffic I need at Ioffer and I am still angry about it because I could use the money. I will go to Ola.com and also eCrater and hope the buyers will find it there since "IT" won't be on ebay anymore.

eBay Q3: What it Means for Sellers

Ebay will lose the inevitable class action lawsuit requiring their company Paypal as the only payment option. I would even expect that the government may get involved as this is a clear violation of the current anti-trust (anti-monopoly) laws. That is what happened in Australia when they tried it there, the government stepped in and MADE them stop it.

About 20% of buyers on ebay refuse to pay with anything but paper payments. Outlawing money orders and checks will drive these 20% to other sites. Even fewer buyers means even less revenue for ebay.

Giving free listings to the big box retailers (as already stated) are just making those previous ebay buyers go directly to those large retailer's sites, bypassing ebay and their apparent desire to be mainly a "portal" site where people stop first before going on to the actual seller. I think they wanted to just sell advertising space, although sometimes it seems that that advertising space IS they are selling mainly now as the proliferation of paid ads directly competing with ebay sellers grow every day.

Ebay must remove paypal from the revenue stream of every seller and stop these ridiculous paypal holds of 3 to 180 months. Google checkout is growing every day and paypal is becoming a hated name just as ebay now is.

eBay's Bill Me Later a Bad Idea

I can see that the ebay employees are here bashing someone who clearly understands why ebay is currently tanking like the train wreck it has become.
Take a look at their stock price at a new 6 year low of $15.33 up from a low yesterday before closing of $15.01. I think that they can spew any corporate line they want, I will never sell there again and their stock price is reflecting the fact that their once "great" reputation is now DIRT.

eBay: Bottom Is a Few Months Away

I don't think that the analyst has the capacity to understand even though it has been laid out very clearly.
1. Ebay isn't an online retailer - They don't sell anything but a service
2. That service has changed so much that most of the seller/buyers have left
3.There is no "great" brand name anymore on ebay, it was on the top of the most hated websites poll of newsweek until almost the end of the poll. I run ebay down to everybody I meet now. I tell them it is no longer safe to sell or buy there.
4. It may be a fraudulent/criminal buyer's paradise now, but only the scamming sellers are staying too.
5. The competition is growing by huge percentages. Ioffer, eCrater, and Ola are becoming what ebay was. Ebay is replaceable.
6. They aren't making any money at Ebay any more as almost all listings are from buy.com etc and they are free listings with abysmal sell through rates. Real auctions from small sellers are declining every day.
7. Even if Donoahoe is replaced, I won't go back. I think from my perspective that there is more to gain from building 2 or 3 sites so that there is always competition and no site can become what ebay was. Ebay though they could get away with any psycho changes and people would stay, but they are leaving every day, they want to stay, but they can't keep getting scammed out of their money and items through the new paypal rules.
8. Ebay is dead. It isn't broke, but it is DEAD. Analysts think that because it is a corpse with money that it is still a good stock buy. Nope.