Goldman Sachs Downgrades eBay (EBAY) to Neutral


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More News related to EBAY

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More News related to Downgrades
July 17, 2008 7:24 AM EDT

Goldman Sachs downgrades eBay (Nasdaq: EBAY) from Buy to Neutral.

After the close, eBay reported EPS of $0.43, 2 cents better than the analyst estimate of $0.41. Revenues for the quarter were $2.2 billion, versus the consensus of $2.17 billion. The company sees FY08 EPS of $1.72-$1.77, versus the consensus of $1.74 and revs of $8.8-$9.05 billion, versus $9.01 billion.


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NEW Feedback on eBay
Bill on Jul 19, 2008 07:41 AM

seller on ebay too, this new system is HORRIBLE, what is eBay thinking?? They have totally gone nuts.

NEW FEEDBACK SYSTEM
K on Jul 17, 2008 08:00 AM

EBAY IS GOING DOWN, IT IS TOTALLY IGNORING ITS CUSTOMERS, WHO ARE EBAYS CUSTOMERS???? THE SELLERS, THE SELLERS ARE THE ONES THAT POST THE LISTINGS ON EBAY, THEY ARE ALSO THE ONES BEING ABUSED BY EBAYS NEW FEEDBACK SYSTEM, THE NEW FEEDBACK SYSTEM ALLOWS BIDDERS TO COME ON TO EBAY, BID ON AN ITEM, NOT PAY FOR IT AND THEN EBAY TELLS THE SELLERS YOU CAN NOT SAY A NEGATIVE WORD ABOUT IT, BASICALLY HIDING THE SITUATION FROM THE ALL OTHERS, INCLUDING FUTURE POTENTIAL SELLING VICTIMS, THEY HAVE CREATED THIS NEW SYSTEM TO PUT A WARM FUZZY FEELING IN ALL THE BIDDERS, CLAIMING THAT SO MANY WERE NO LONGER BIDDING, WHAT WAS OCCURING WERE THE DISHONEST BIDDERS, THE ONES THAT DIDN'T TO BE OBLIGATED TO HONOR THE EBAY SYSTEM OF IF YOU WIN THE AUCTION, YOU NEED TO PAY FOR IT. NOW THOSE BIDDERS THAT ARE NOT PAYING ARE COMING OUT OF THE WOOD WORK, MY NON-PAYING BIDDERS HAVE INCREASED HUGE, OTHER SELLERS ARE SEEING THE SAME THING, WHAT INCENTIVE FOR BEING HONEST ON THE WEB SITE IS THERE IF YOU DON'T HAVE TO WORRY ABOUT RECEIVING NEGATIVE FEEDBACK FROM THE SELLER YOU JUST DIDN'T PAY??? BASICALLY NOTHING. THE SELLER BEFORE COULD LOOK AT THE BUYERS HISTORY OF FEEDBACK AND DETERMINE IF THEY ARE A PROBLEM OR COULD BE A FUTURE PROBLEM IF THEY ARE THE WINNER. NOW, THE NEW SYSTEM WILL GIVE EVERY SINGLE WINNING BIDDER ONLY POSITIVE FEEDBACK, NO NEGATIVES EVER?????? SORRY, BUT IN REAL LIFE....SOMETIMES THE CUSTOMER IS WRONG AND DOES SOMETHING WRONG THAT OTHERS SHOULD KNOW ABOUT. EBAY HAS BASICALLY TORN AWAY A TOOL FOR SELLERS TO COMMUNICATE WITH OTHER SELLERS ON PROBLEM BIDDERS. THEY HAVE ALSO CREATED A NEW FEEDBACK SYSTEM FOR THE WINNING BIDDERS THAT THEY FULLY DO NOT UNDERSTAND ABOUT, IT IS CAUSING MOST EVERY SELLER TO FALL BELOW SPECIFIC STANDARDS THAT EBAY HAS PLACED, THAT ARE NOT OBTAINABLE. THEY ARE PLAYING MAJOR GAMES WITH THEIR SELLERS ON EBAY AND I GUARANTEE THAT IF THE GAMES CONTINUE I'M NOT STICKING AROUND. I HAVE BEEN A SELLER FOR MANY MANY YEARS, WITH MANY GREAT CUSTOMERS AND IT HAS BEEN A PLEASURE TO SERVE MOST ALL OF THEM, HOWEVER WHEN EBAY DECIDES THEIR GOING TO TELL THIS PERSON THAT HAS BEEN IN RETAIL 25+ YEARS HOW TO RUN MY BUSINESS OR TELL ME THAT I'M NOT DOING MEETING THEIR GOALS????? WHO ARE THESE PEOPLE TO TELL ME THAT A 99.9% FEEDBACK RATING ISN'T GOOD ENOUGH?? THIS COMPANY HAS LOST ITS MARBLES, MAYBE THEY CAN BUY THEM ON EBAY.......NO WORRIES EBAY YOU CAN'T GET NEGATIVE FEEDBACK FROM YOUR SELLER YOU'RE BUYING FROM. JUST ALL THE OTHERS ON EBAY THAT YOU ARE FORCE FEEDING SOMETHING THAT DOESN'T TASTE LIKE ANYTHING WE HAVE EVER THOUGHT OF EATING BEFORE. COW CHIPS COME TO MIND.


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