Merrill Lynch Downgrades eBay (EBAY) to Underperform
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Merrill Lynch downgrades eBay (Nasdaq: EBAY) from Neutral to Underperform with a $19 price target. The firm said it doesn't expect positive Q3 results or Q4 guidance.
The firm said eBay's unique user traffic growth in the US turned negative in May and was down double digits in the third quarter.
eBay, Inc. and its subsidiaries provide online marketplaces for the sale of goods and services, online payments services, and online communications offerings to individuals and businesses in the United States and internationally.
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EBAY DOWN TO $13.50 after hours
After hours Ebay is down to $13.50 ..I personally dont know one seller that is happy with ebay and finally the stock market is seeing this .,,THIS STOCK WILL GO LOWER .....I dont understand how everyone seems to be unhappy with ebay and watching it come down and Ebay management is just sitting on their butts and making it worse ....Is donohue committing EBAY SUICIDE???
the downfall of ebay
As both a buy and seller on ebay for almost 12 years, I will no longer be active after the 20th of October. From the poor decisions with Blackthorne, the listing tool for sellers, to the inexcusable decision to limit feedback input to buyers only, and now the forcing of Pay Pal down our collective throats, I've pretty had it with Ebay. And I haven't even mentioned the escalation of fees to the seller in the past few years. Ebay was founded with the idea of being a place where people could buy and sell with no problems. It's success was pretty much made by people such as myself, the small time seller, and we have been pretty much pushed aside in recent years for the mass seller. It's really too bad, because it's been a good place to find that elusive collectable item or a place to be able to sell those collectables no longer wanted and receive more than one might from your local antique dealer. It will be interesting to see how much of a drop in sales and sellers is incurred in the next few months. I'm betting it will be quite a shock to those who are running the company, but then, maybe they just don't care.... I guess I can take comfort in the fact that are thousands of sellers who feel just as I do. It's been a nice ride, but it's time to get off da bus....
Ebay enforces Pay Pal only on the 20th
Ebay is losing buyers and sellers because of no more money orders or checks. Ebay doesn't trust the US Government obviously as the postal money order is no good starting in 5 days. Goodbye eBay stock.
eBay Affiliate Program
To add to Mike Owens comments above: Most eBay affiliates are professional Web developers. Some of them are so disgusted with the way eBay is running the program, they have started creating 'clone' style auction sites for their specific niche and successfully competing with eBay.
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Here's what ebay NEEDS desperately!
karwanJagger on Nov 1, 2008 11:54 PMPETITION TO REMOVE DONAHOE!'' http://www.petitiononline.com/jdonohoe/petition.html "Ebay Stockholders and Sellers Calling For Immediate Termination of John Donohoe CEO " Post this EVERYWHERE, Please!