… can you feel the Trust, can you see the Safety?
Click on the image to see large version
Although off topic, this photo just testifies to the endless creativity of American people and deserves publication. It is our photo so you have our permission to use it as long as it is used with decency and taste. Please do not link to the photo itself, you can link to this page though.
Now that earnings for both companies are out, let’s take a look on the third quarter performance of both rivals:
Amazon’s number of active users in the third quarter grew 17% vs. a year ago, compared to only a 3% increase for eBay.
Amazon revenue rose almost 31% to $4.26 billion- How is eBay growth compared to that? eBay revenues rose only 11.5%
Amazon.com Inc. says profit climbed 48 % in the third quarter. Amazon partly credited strong sales of electronics. Did eBay PROFIT measure up to Amazon? Of course not, eBay only clocks about 8% profit increase of the previous year same quarter.
Amazon has grown faster than e-commerce as a whole lately. In the first half of the year, U.S. e-commerce spending grew 12% year-over-year, according to BernsteinResearch.
Amazon, by contrast, saw its North American revenues surge 33.2%. Even with U.S. e-commerce growth slowing to 6.4%, Amazon stands to disproportionately benefit. And where is eBay on that? eBay only grew 12% if you lump payments and communications or just 8% if you look at marketplaces growth.
And now, for your enterteinment, enjoy eBay’s latest
Ebay Front Page Penis Enlargement Ads Pump Stock Prices
Google anounced stellar earnings in midst of this recession. eBay announced major slowdown and predicts the worst Christmas ever, blaming the economy. Just waiting for Amazon earnings to make sense out of it all… This should be interesting, stay tuned. Meantime you can find some black humor on eBay stock finance forums at Yahoo and Google while eBay stock drops twice faster than NASDAQ.
eBay continues to spend all of it’s revenues on stock repurchases to prop it’s own shares. It’s all about make belief to shareholders. Meantime the rumors that eBay is cutting 10% of it’s work force have been confirmed by Wall Stree Journal this morning.
The employees may be better off elsewhere : according to the latest ratings where employees rate their own employer, eBay CEO rating dropped to 26% from over 30% in less than a month and there is a major discontent brewing inside company ranks.
Average ratings from all usersOverall Rating
2.9 CEO Approval
John J. Donahoe
President and CEO
26% “Approveâ€
1 - 10 of 143 Reviews for eBay
Sep 9, 2008
10 found helpful
“Why is management trying to kill the golden goose?…â€
Software QA Engineer in San Jose, CA (United States)
Sep 8, 2008
10 found helpful
“One eBay insider’s point of view…â€
Program Manager in San Jose, CA (United States)
Sep 21, 2008
8 found helpful
“Ebay needs to get back to what made it great, being a unique force in the online marketplace.…â€
Independent in San Jose, CA (United States)
Sep 12, 2008
9 found helpful | 1 comment
“Nearly 5 years there - what was I thinking…â€
Senior Staff Software Engineer in San Jose, CA (United States)
Sep 11, 2008
8 found helpful
“Horrible for engineers.…â€
Senior Software Engineer in Campbell, CA (United States)
Aug 22, 2008
10 found helpful
“eBay attracts a lot of great people, then the company culture beats them down and they leave within a couple of years.…â€
Senior Product Manager in San Jose, CA (United States)
Sep 19, 2008
7 found helpful
“Great company, great purpose, no leadership, no willingness to admit mistakes…â€
Senior Manager in San Jose, CA (United States)
Sep 10, 2008
8 found helpful
“Used to be a good place to work….…â€
Program Manager in San Jose, CA (United States)
Sep 27, 2008
5 found helpful
“Was a great place to work when it was eBay instead of Amazon Jr. or Walmart.com Lite…â€
Project Manager in San Jose, CA (United States)
Sep 8, 2008
6 found helpful | 1 comment
“John J. Donahoe does NOT know how to run a company!…â€
Software Engineer in San Jose, CA
Can this get any worse?
Yes it can and yes it will. There are many reasons why. One of the best summaries of lately was published today at Forbes Magazine : The Real Reason eBay Is Stuck
eBay shares keep plunging as more on more bad ebay news paired with financial markets turmoil - we now have a 5 year low and finance forums for eBay shares at Yahoo and Google message boards are buzzing with discontent.
eBay shares have broken 5 year low… the share price is directly related to the stockholder confidence levels into future earning prospects of the company.
Remember this?
“we may have some sellers that make some noise and/or pull some things, but we are absolutely confident in the direction we are going”
- John J. Donahoe
Q1 2008 Earnings Call
April 16, 2008 5:00 pm ET
eBay shares on April 16th closed at 32.12
eBay shares closed at $18.94 today
shareholders finance forums on Yahoo forum for eBay Stock are seeing lot of unhappy eBay customers reporting all sorts of issues at eBay, warning stock holders.
As our financial institutions crumble many have been asking if the funds they keep in PayPal are FDIC insured. No they are not. Whatever balance you keep in your PayPal account is vulnerable and not protected in any way. We recommend that you do not keep any balance in your PayPal account, transfer it to your bank account. Your bank account if FDIC insured which means if PayPal goes insolvent, you lost whatever funds you had in there because PayPal is not covered by Federal Deposit Insurance. If you have your money in the bank account, it is insured by FDIC up to the amount of $100,000 so if your bank goes under, the Federal Government will give you your money back.
PayPal has been known to advertise false information and reported by consumer protection agencies and media reporters and courts. The latest saga in Australia where PayPal executives promissed to reimburse victims of rogue eBay seller unravels. Australian IT news just reported AN INVESTIGATION into the activities of eBay Australia and its subsidiary PayPal are expected to air today on the ABC’s 7.30 Report, as foreshadowed in The Australian this week.