eBay Fraud Scams exposed

How are all these recent changes a new CEO John Donahoe made since early 2008 working for everyone? We know that eBay Sellers are screaming bloody murder and abandoning the site for fairer pastures. We know that media hates eBay this year. Cramer keeps telling shareholders that eBay is in trouble. eBay employees give eBay very low ratings. But the eBay CEO continues on his path of self destruction maintaining “We may have some sellers that make some noise,” [eBay CEO John] Donahoe said, “but we’re absolutely confident of the direction we’re going.”

What do the buyers think?

The above graph clearly illustrates that over the past 13 months eBay has lost 9% of it’s visitors, while craigslist gained 61.9% new visitors and Amazon gained 17.1% new visitors over the past 13 month period.

This is not a new trend. New York Times blogger reported in January 2008:

• Now the latest audience figures from Nielsen Online confirm that the e-commerce traffic crown has changed heads. For the month of December, for the first time, more Americans clicked over to Amazon.com (59,624,000) than eBay (59,374,000).
• According to the Nielsen data, the number of visitors to eBay.com dropped 10 percent from December 2006 to December 2007.

The fact that eBay is losing buyers was again confirmed by the Internet Retailer report in February 2008 :
Unique traffic to eBay.com slipped 5% in February from February a year ago, to 56.6 million
The top 10 online shopping destinations in February, with unique visitors in millions this year and last and growth from prior year, according to Nielsen Online, were:

* eBay, 56.60, 59.42, -5%
* Amazon, 47.67, 40.76, 17%
* Target, 22.57, 20.14, 12%
* Wal-Mart Stores, 21.35, 20.11, 6%
* Shopzilla.com Network, 21.16, 16.86, 25%
* Shopping.com Network, 16.36, 17,82, -8%
* Yahoo! Shopping, 16.08, 11,46, 40%
* Dell, 16.06, 13,96, 15%
* Circuit City, 14.30, 9.39, 52%
* Best Buy, 13.45, 12.66, 6%

Did you notice that the only other online retailer experiencing slowdown in unique visitors is Shopping.com = also eBay owned company! eBay has a special knack for ruining any company they purchase. It all boils down to incompetent management running down everything they touch.

The credit for bringing this to our attention should go to this post on eBay Stock forum poster on Yahoo Finance Board: Wanto to see a scary eBay graph