antiquary

eBay: The PayPal Factor

The "greater number of unique visitors" statistic is about the only one anyone uses these days when analyzing eBay in public. It's seriously misleading. Any longtime eBayer could tell you that listings and prices, the actual indicators of eBay's cash flow, are for the year down on a par with the S&P 500. The problem is that Donohoe has the economic downturn as cover for his profound mishandling of the company, which widely alienated sellers even before the worst of the downturn hit.

Expect deep losses at eBay.