eBay has shown that they are capable of making huge mistakes- skype for instance. Meg was confident that buyers and sellers "would be chatting worldwide on skype while doing business together". That kind of thinking flies in the face of what doing business online is all about!
Likewise, to focus on PayPal for big future revenues is doubtful. That business will be on its knees as soon as more, better competition (google checkout et al) shows up to the dance. They won't be able to continue to force PayPal's higher transaction fees down our throats- it drives business to other channels.
Posts: 2 | Location: NY/New England | Registered: April 22, 2010
I must have gotten my spectacles from a different optometrist!
Visa/Banks prepare to put PayPal back into its eBay box
Draft Media Release—Confidential
It is with great sadness that “Noise” Donahoe (aka “Peter Principle”), eBay’s Chief Headless Turkey, announces the probable demise of eBay’s most ugly daughter, PayPal. PayPal is about to be stricken by a particularly virulent strain of Visa+CyberSource, accompanied by insurmountable financial institutions complications and merchant dissatisfaction. PayPal’s health may therefore be expected to deteriorate and, if ultimately not completely incapacitated, will most likely be eventually confined to what little there is by then left of the Donahoe-devastated eBay Marketplaces. There is no cure this condition, and the “eBafia Don” is particularly saddened by the inevitable presumption that it is unlikely that PayPal will be able to continue to underpin eBay’s bottom line in the future.
And for anyone interested in eBay’s deviousness generally, and in particular eBay’s demonstrable and deliberate criminal facilitation of the rampant shill bidding fraud being perpetrated by many unscrupulous professional sellers on buyers, particularly on nominal-start auctions, an introduction thereto (along with some PayPal horror stories thrown in for good measure) can be found at http://www.auctionbytes.com/fo...wtopic.php?p=6502877
A practical observation on the risks of stupidity was made by the German General Kurt von Hammerstein-Equord in “Truppenführung”, 1933: “I divide my officers into four classes; the clever, the lazy, the industrious, and the stupid. Each officer possesses at least two of these qualities. Those who are clever and industrious are fitted for the highest staff appointments. Use can be made of those who are stupid and lazy. The man who is clever and lazy however is for the very highest command; he has the temperament and nerves to deal with all situations. But whoever is stupid and industrious is a menace and must be removed immediately!”
Surely, our Bain & Co trained idiot child, “Noise” Donahoe, falls into this last group, and should be “removed immediately”, before he can complete the total destruction of the eBay Marketplace.
eBay/PayPal/Donahoe: Dead Men WalkingThis message has been edited. Last edited by: PhilipCohen,
Posts: 43 | Location: Sydney, Australia | Registered: June 05, 2009
Wow! What shameless eBay Fan Fluff! By any measure at all, eBay is slipping relative to other ecommerce companies and still you post a flattering article about its progress. At least you showed a bit of shame by posting it anonymously! Come on! We can work with eBay without being fawning sycophants! Speak truth to power and maybe the king will mend his ways.
This article clearly shows that Auctiva has there nose firmly implanted in eBay's backside. Repeating the bull that eBay expects you to believe when it is so far from the truth. My business of 10 years is collapsing and will fail shortly due to eBay's recent changes, "for the better"?