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Julia Wilkinson AuctionBytes Blog
Covering auctions, collectibles and marketplace selling.

Julia Wilkinson is Editor of the AuctionBytes Blog and is author of the "eBay Price Guide," "eBay Top 100 Simplified Tips and Tricks," "My Life at AOL" and numerous ebooks about selling online. You can also find her writing on Yard Salers.
Wed Apr 21 2010 16:29:57

eBay Q1: Marketplaces Benefits from Fixed Price, Gmarket

 By: Ina Steiner
Sponsored Link
eBay's conference call with analysts is at 5:00 pm Eastern today, here is the company's press release announcing first quarter results for 2010, you can view full release with table's on eBay's investor website.

Updated: See also "eBay Marketplaces GMV up 6% in U.S. in 1st Quarter YoY" (link to article), and "eBay CEO Says Stores-in-Core Will Take 2-3 Quarters to Play Out" (link to article).

SAN JOSE, Calif.--eBay Inc. (Nasdaq:EBAY) today reported financial results for its first quarter ended March 31, 2010. The e-commerce company posted first-quarter revenue of $2.2 billion, up 9% year over year, or up 18% excluding Skype. The increase was due to growth in the Payments and Marketplaces businesses, as well as a positive impact from foreign currency movements against the U.S. dollar. The company recorded net income on a GAAP basis of $397.7 million or $0.30 per diluted share, and non-GAAP net income of $554.2 million or $0.42 per diluted share for the first quarter of 2010.



GAAP operating margin increased to 22.2% for the quarter, compared to 20.9% for the same period last year. Non-GAAP operating margin decreased slightly to 30.6% for the quarter, compared to 30.7% for the same period last year, as productivity gains were offset by faster growth in the company's lower margin PayPal business and lower take rates.

eBay Inc. generated $418.3 million of operating cash flow and $266.0 million of free cash flow during the first quarter. Operating cash flow and free cash flow were reduced by a one-time tax payment of $207.4 million related to a legal entity restructuring, as a result of which the company moved approximately $1.1 billion in cash to the U.S. in the fourth quarter of 2009.

"Our first quarter results reflect another strong step toward achieving our three-year growth and profitability goals," said eBay Inc. President and CEO John Donahoe. "We are becoming a more customer-focused and technology-driven company, delivering more innovative products and experiences and driving operating efficiencies to reinvest in growth. We are improving the fundamentals of our business, strengthening eBay Marketplaces and aggressively growing PayPal to become the leader in global online payments."
                                  
Business Unit Discussion

Payments Business Delivers Record First Quarter Performance and Expands Global Footprint
The Payments business unit reported $21.3 billion in net total payment volume (TPV) for the quarter, an increase of 35% year over year. Revenue for the quarter was $809.3 million, an increase of 26% year over year. The growth in revenue and net TPV was driven primarily by continued momentum in PayPal's Merchant Services business and growth on the eBay platform. PayPal continued to increase its penetration on eBay and across other e-commerce platforms around the globe. The Payments business remains focused on consumer and merchant adoption on and off eBay, expansion of PayPal’s open platform initiative and the ongoing integration of Bill Me Later.

Other Q1 Payments Business Highlights:
    * Entered into a new payment services agreement with China UnionPay (CUP), which will provide international retailers with access to customers holding more than 2.1 billion CUP cards.
    * Signed a deal with Facebook that allows users to select PayPal to buy virtual goods in the Facebook gift shop. Businesses around the world can also launch marketing campaigns on Facebook and pay with PayPal.
    * Launched new "Send Money" app for the iPhone®, which was downloaded more than one million times in less than three weeks. The app features conveniences such as "bump" money transfers and split check and collect money features.
    * Since the launch of PayPal X in Q4 2009, thousands of developers have signed up on X.com and have built hundreds of apps that have already generated more than $30 million in TPV.

Marketplaces Performance Reflects Continued Turnaround Momentum
The Marketplaces business unit, which consists of eBay, Shopping.com, StubHub, eBay Classifieds and other e-commerce sites, recorded $13.4 billion in gross merchandise volume (GMV) excluding vehicles for the quarter, a 24% year-over-year increase. The Marketplaces business unit benefited from the acceleration of growth in sold items driven by eBay's fixed-price format, and from the inclusion of Gmarket. Revenue was $1.4 billion for the quarter, a 13% increase compared to the first quarter of 2009. The year-over-year increase was due primarily to growth across all of the company's e-commerce businesses, as well as the inclusion of Gmarket and the positive impact from foreign currency movements against the U.S. dollar. Marketplaces benefited from growth both in its domestic and international business, which accounted for approximately 60% of Marketplaces revenue for the first quarter. The Marketplaces business will continue to focus on trust, value and selection in its core business, driving GMV growth, and expanding alternative formats including classifieds.

Other Q1 Marketplaces Business Highlights:
    * Aligned eBay's success with sellers of all sizes with free auction listings and dramatically reduced listing fees for fixed-priced items in the U.S.
    * Rolled out eBay Buyer Protection in the U.S. and U.K., providing a new level of customer support and trust, including an offer to cover a buyer's purchase price and original shipping for most purchases should a problem arise and the seller is unable to resolve the issue.
    * Launched three new buying and selling mobile applications including an eBay app for the iPad, which delivers a visually compelling experience to browse the vast selection of products on eBay. eBay's popular iPhone shopping app has been downloaded more than 8.5 million times since Q3 2008.
    * Introduced Fashion.ebay.com, a new shopping destination for clothing, shoes and accessories that showcases the breadth of new, vintage, branded and designer merchandise available on eBay.

Other Selected Financial Results
    * Taxes - The GAAP effective tax rate for the quarter was 20%, compared to 19% for the first quarter of 2009. The non-GAAP effective tax rate was 22% for the first quarter of 2009 and 2010.
    * Cash and cash equivalents and non-equity investments - The company's cash and cash equivalents and non-equity investments portfolio totaled $5.4 billion at March 31, 2010, compared to $5.2 billion at December 31, 2009.

Business Outlook
    * Second-quarter 2010 - eBay estimates net revenues in the range of $2.15 billion to $2.20 billion, representing growth of 11% to 14% excluding the 2009 impact of Skype. The company also estimates GAAP earnings per diluted share in the range of $0.27 to $0.29 and non-GAAP earnings per diluted share in the range of $0.37 to $0.39, representing growth of 9% to 15% excluding the 2009 impact of Skype.
    * Full-year 2010 - eBay estimates net revenues in the range of $8.8 billion to $9.1 billion, representing growth of 9% to 12% excluding the 2009 impact of Skype. The company also estimates GAAP earnings per diluted share in the range of $1.29 to $1.34 and non-GAAP earnings per diluted share in the range of $1.63 to $1.68, representing growth of 11% to 14% excluding the 2009 impact of Skype.

Quarterly Conference Call
eBay will host a conference call to discuss first quarter 2010 results at 2p.m. Pacific Time today. A live webcast of the conference call, together with a slide presentation that includes supplemental financial information and reconciliations of certain non-GAAP measures to their nearest comparable GAAP measures, can be accessed through the company's Investor Relations web site at http://investor.ebayinc.com. In addition, an archive of the webcast will be accessible through the same link.

About eBay Inc.
Founded in 1995 in San Jose, Calif., eBay Inc. (NASDAQ:EBAY) connects millions of buyers and sellers globally on a daily basis through eBay, the world's largest online marketplace, and PayPal, which enables individuals and businesses to securely, easily and quickly send and receive online payments. We also reach millions through specialized marketplaces such as StubHub, the world's largest ticket marketplace, and eBay classifieds sites, which together have a presence in more than 1,000 cities around the world. For more information about the company and our global portfolio of online brands, visit www.ebayinc.com.

Non-GAAP Financial Measures
This press release includes the following financial measures defined as "non-GAAP financial measures" by the Securities and Exchange Commission, or SEC: non-GAAP net income, non-GAAP net income excluding Skype, non-GAAP earnings per diluted share, non-GAAP operating margin, non-GAAP effective tax rate, and free cash flow. These measures may be different from non-GAAP financial measures used by other companies. The presentation of this financial information, which is not prepared under any comprehensive set of accounting rules or principles, is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with generally accepted accounting principles. For a reconciliation of these non-GAAP financial measures to the nearest comparable GAAP measures, see "Non-GAAP Measures of Financial Performance," "Reconciliation of GAAP Operating Margin to Non-GAAP Operating Margin," "Reconciliation of GAAP Net Income to Non-GAAP Net Income and Non-GAAP Net Income Excluding Skype," "Reconciliation of GAAP to Non-GAAP Effective Tax Rate," "Reconciliation of Operating Cash Flows to Free Cash Flow" and "Business Outlook" included in this press release.

Forward-Looking Statements
This press release contains forward-looking statements relating to, among other things, the future performance of eBay and its consolidated subsidiaries that are based on our current expectations, forecasts and assumptions and involve risks and uncertainties. These statements include, but are not limited to, statements regarding expected financial results for the second quarter and full year 2010, the focus of the Payments and Marketplaces business units going forward and future growth in the Payments and Marketplaces businesses. The company's actual results could differ materially from those predicted or implied and reported results should not be considered as an indication of future performance. Factors that could cause or contribute to such differences include, but are not limited to: the further impact of the credit crisis, continued or worsening economic downturn and other changes in political, business and economic conditions, including any conditions that affect consumer confidence or e-commerce growth; fluctuations in foreign exchange rates; the company's ability to profitably integrate, manage and grow businesses that have been acquired recently or may be acquired in the future; the company's need to increasingly achieve growth from its existing users, particularly in its more established markets; the company's ability to deal with the increasingly competitive e-commerce environment, including competition for its sellers from other trading sites and other means of selling, and competition for its buyers from other merchants, online and offline; the company's need to manage an increasingly large enterprise with a broad range of businesses of varying degrees of maturity and in many different geographies; the effect of management changes and business initiatives; the company's need and ability to manage other regulatory, tax and litigation risks as its services are offered in more jurisdictions and applicable laws become more restrictive; any changes the company may make to its product offerings; the competitive, regulatory, credit card association-related, and other risks specific to PayPal and Bill Me Later, especially as PayPal continues to expand geographically and grow its open platform initiative; the company's ability to upgrade and develop its systems, infrastructure and customer service capabilities at reasonable cost; and the company's ability to maintain site stability and performance on all of its sites while adding new products and features in a timely fashion. The forward-looking statements in this release do not include the potential impact of any acquisitions or divestitures that may be announced and/or completed after the date hereof.

More information about factors that could affect the company's operating results is included under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the company's most recent annual report on Form 10-K and subsequent quarterly reports on Form 10-Q, copies of which may be obtained by visiting the company's Investor Relations web site at http://investor.ebayinc.com or the SEC's web site at www.sec.gov. Undue reliance should not be placed on the forward-looking statements in this release, which are based on information available to the company on the date hereof. eBay assumes no obligation to update such statements.

Reading AuctionBytes Blog: eBay Q1: Marketplaces Benefits from Fixed Price, Gmarket
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Readers Comments

eBay Q1: Marketplaces Benefits from Fixed Price, Gmarket   eBay Q1: Marketplaces Benefits from Fixed Price, Gmarket
by: I was robbed
       
Thu Apr 22 07:59:13 2010
Well, I got a dose of the new 9% flat FVF last night. I had a surprisingly good auction item that sold for $122. My FVF was $11.

It used to be around $4.

BUT WAIT! I listed it for FREE! Lowest auction fees EVER.

ROBBERY!
eBay Q1: Marketplaces Benefits from Fixed Price, Gmarket   eBay Q1: Marketplaces Benefits from Fixed Price, Gmarket
by: My Own Website Not Quite Paying My Bills Yet
       
Thu Apr 22 08:24:02 2010

Expect the growth numbers percentage wise for Amazon to be way higher.
eBay Q1: Marketplaces Benefits from Fixed Price, Gmarket   eBay Q1: Marketplaces Benefits from Fixed Price, Gmarket
by: old timer
       
Thu Apr 22 08:53:09 2010
"eBay CEO Says Stores-in-Core Will Take 2-3 Quarters to Play Out"

STOP!  Just wait a minute!  I don't know about other sellers, but I am not about to give eBay 6 to 9 MONTHS to see if this latest disruptive innovation works for me.

Based on the last three weeks, I can see just how the change is working for me.  It isn't!  And I am not about to pay eBay for 9 more months at the inflated listing fees (yes, INCREASED listing fees, NOT a reduction despite JD's spin).

Any seller who pays eBay for eBay's non-performance during this interim period is nuts.  Do not reward eBay for bad behavior.

If I am going to face 9 months of sales in the toilet (as the last three weeks on eBay indicates is my future there), I'm going to spend the larger part of my business resources elsewhere, building a life beyond eBay.

So here are my suggestions to my fellow small sellers:

- Take the time and money that you would have given to eBay under their "lowest listing prices ever" during the coming months and divert most to other venues/your own site

- Maintain a small presence on eBay to keep tabs on what is happening there and how it affects the sales of your type of products AND use any sales you might garner there to acquire customers to convert to your other venues -- use eBay like eBay uses us.

- If eBay ever succeeds in getting this mess straightened out, we can always go back and expand our presence there once eBay has shown proof of performance

I'm tired of the emotional and financial upheavals I have experienced with eBay.  We small sellers do have power over our lives.  Exercise it!

Good luck to us all.
eBay Q1: Marketplaces Benefits from Fixed Price, Gmarket   eBay Q1: Marketplaces Benefits from Fixed Price, Gmarket
by: My Own Website Not Quite Paying My Bills Yet
       
Thu Apr 22 08:59:48 2010
Scott Wingo's comments:

"While domestic showed some good trends, the decrease in International is concerning. In the key eBay International markets, eBay is a year into the same fee changes they are rolled out in the US on 3/31/10. If those changes are already 'tapped out', that could indicate problems for the domestic side in the near future. The International deceleration caused the overall number to come in flat Q/Q."
eBay Q1: Marketplaces Benefits from Fixed Price, Gmarket   eBay Q1: Marketplaces Benefits from Fixed Price, Gmarket
by: Ebay No More This user has validated their user name.
       
Thu Apr 22 10:44:51 2010
When John Donahoe refuses to discuss the impact of stores to core that means only one thing- it was a failure and Ebay is hoping that with time the stats will straighten out and show he was correct.

Now I watch the diamonds and major retailers taking over the site and the site diversity continue to plunge like a rock. How much cheap Chinese junk does the Ebay site really need? So I purchase on other sites. Ever take a good hard look at Ebay's Daily Deals? It resembles a dollar store clearance bin that you wouldn't even stop to browse. You keep walking and dismiss it as not even worthy of a stop to look further. What a nasty mess of merchandise that Ebay's retailers can't pawn off even at a low price. Better choice would be for those retailers to donate them to charity and take a write off. Instead Ebay promotes them as ''daily deals''.
eBay Q1: Marketplaces Benefits from Fixed Price, Gmarket   eBay Q1: Marketplaces Benefits from Fixed Price, Gmarket
by: Rich
       
Thu Apr 22 10:46:59 2010
In early trading;Ebay down over 8%; down over $2/share.  Amazon up over $1/share.  Ebay's loss continues to be Amazon's gain. In 2005 both Ebay and AMZN were $40/share.  Today EBAY is $24 and AMZN is $147.  The numbers don't lie.  The smarter business model is to not raise fees and grow by adding members.  Ebay raises fees and loses members who join Amazon.  Incredible basic and obvious which business mdel is smarter.  $147 to $24 explains it. As for today; when numbers come out and a CEO says the first 3 weeks results won't be revealed; this means the first 3 weeks of results have some bad numbers. If the first 3 weeks were good numbers; he woould reveal them.  Comparing Europe's model to America's makes no sense.  Europeans pay 40-50% of their wages to taxes; so those people are used to getting hosed. Americans are different when hosed; they quit ebay and move to Amazon and other places; or they downsize and remove listings, close their stores or sell off stuff in bulk lots.  All these ideas hurt Ebay's profits and also detract from the buying experience.  Buyer protection means nothing when sellers desperately raise their price to offset doubling of fees.  Buyers compare ebay prices, with Amazon and other site's prices and begin to buy away from Ebay
eBay Q1: Marketplaces Benefits from Fixed Price, Gmarket   eBay Q1: Marketplaces Benefits from Fixed Price, Gmarket
by: Scott in MO
       
Thu Apr 22 11:02:58 2010
From Business Week: "EBay Inc. had its biggest drop in more than a year in Nasdaq trading after its profit forecast missed estimates, a sign Chief Executive Officer John Donahoe is struggling to stem the loss of customers to Amazon.com Inc."

I'm thinking the old saying that sellers are also buyers is true.  I still sell on eBay because it is the only viable auction venue.  I do so ONLY because there is NO OTHER option.  I HATE EBAY.  I DO NOT recommend eBay to anyone.  I DO NOT sell ANYTHING for anyone else, although I'm often asked.  I tell them I don't mind risking my items, but I sure as heck aint gonna risk theirs and ebay is RISKY.  Now more than ever.

. . . but my real point is, when eBay gave me (a small seller) the finger in 2007 . . . I stopped buying entirely.  I haven't bought anything off eBay in over two years.

I have and do recommend Amazon to everyone.

I truly believe that Donohoe miscalculated the impact of pi$$ing off eBay's solid base of small sellers.

If Whitman cracked the foundation, Donohoe drove a wedge into it.
eBay Q1: Marketplaces Benefits from Fixed Price, Gmarket   eBay Q1: Marketplaces Benefits from Fixed Price, Gmarket
by: Hardrock Rules
       
Thu Apr 22 11:47:48 2010
"EBAY OFF AS OUTLOOK SPOOKS INVESTORS"

Sorry to read that Donahoe, I guess their starting to see what we have been saying since you took over ebay Disruptive Inovation Jerko !

Hey investors come here and read some of our true real life problems CEO John Donahoe has imposed on us since he took over !

He has KILLED my business, and SCORES of other long time users, good people, with good families who depended on eBay, and he KILLED it all, oh and by the way, he KILLED the future of eBay !

Why don't you just close it down Pierre, I cannot believe you let that guy kill our business and your site !

Can't wait till the end of April to see the next round of terror Donahoe strikes onto my being and other sellers clinging to life support on eBay from that mans arrogance, with stupid changes that will only KILL MORE my on life support eBay business and others !

This says it all  JD HITLER !
eBay Stock  24.28 -2.01‎ (-7.65%‎)  Apr 22
eBay Q1: Marketplaces Benefits from Fixed Price, Gmarket   eBay Q1: Marketplaces Benefits from Fixed Price, Gmarket
by: Hardrock Rules
       
Thu Apr 22 12:11:18 2010
Hey investors this is why it should spook you when it comes to ebay:

1. Donahoe stuck his lying Pinnochio nose to far into our business

2. Best Match SCREWED the Majority of sellers, if fixed price, we are wasting our time and money

3. No Checks or Money Orders

4. Making a handling fee seem like a crime, offer free ship

5. DSR's WHAT A JOKE ! Great Selelrs getting destroyed after giving TOP SERVICE, and cannot do 1 damn thing about someone dinging them
( DSR's = (D)estroy (S)ellers (R)eputations ('s)ecretly  and that is exactly what they are doing

6. RIDICULOUS DRACONIAN standards, a few 1 or 2's from a nasty buyer, or one that does not read, or a competitors sceondary account, and you get screwed more with Best Match, if you fall above average your SCREWED completely

7. I cannot HONEST TO GOD believe this man has gotten $40,000,000 the last few years to do this to people who were good people and DESPERATELY needed a few hundred a week to survive, And destroy the eBay name !

8. Donahoe you arrogant clown, you have had distaste for the common m,an since the day you took over you uppity man you ! Now look at the site, it is a joke ! I loved eBay I promoted it everyhwere, now you pissed of the smaller selelrs Gold on down, and the Mom's and Pop's, and like we loved it we hate it now, and we are putting out the true word of what you did to us, and that is why eBay is not a Popular name now - I know you hink Further strictness and more punishment on your next release will bring more buyers, but it WON'T ! Buyers were sellers, friends and family of sellers you have SCREWED !

Someone needs to restore eBay more back towards a better model, with less involvment of ebay into the sellers operations !
eBay Q1: Marketplaces Benefits from Fixed Price, Gmarket   eBay Q1: Marketplaces Benefits from Fixed Price, Gmarket
by: Doris Knight
       
Thu Apr 22 12:36:27 2010
ZDNet ''Between the Lines''
eBay's second quarter outlook disappoints

http://blogs.zdnet.com/BTL/?p=33408&tag=nl.e539


or

http://tinyurl.com/28fdoek
eBay Q1: Marketplaces Benefits from Fixed Price, Gmarket   eBay Q1: Marketplaces Benefits from Fixed Price, Gmarket
by: Patricia This user has validated their user name.
       
Thu Apr 22 12:49:53 2010
Moving stores to core was sheer desperation.  Kind of like when us sellers hit on a free listing day (thing of the past) and we list all day thinking that with all these listings something should sell.  That's Donahoe's thinking on the decision to put stores in core.  He forgets all the chinese junk and 99 cent items he threw in too.  The one thing Donahoe must be a master at is selling this pap to the board or he would have been long gone by now! Instead, we'll have to wait a bit longer to see the back end of Donahoe leaving!
eBay Q1: Marketplaces Benefits from Fixed Price, Gmarket   eBay Q1: Marketplaces Benefits from Fixed Price, Gmarket
by: disaster
       
Thu Apr 22 13:00:30 2010
Donohoe has created a disaster, ebay is in a state of emergency and whoever has the pleasure of taking over for him when he steps down or is dismissed is going to have one heck of a clean up job to do.

Donohoe is the equivalent of hurricane Katrina hitting ebay. Although I think the cleanup may take longer than Katrina's will.

Stores in core looks to be a failure already. I have over 3,000 items listed and have sold 2 tiny items since Saturday. Things have NEVER been this slow. I sold more on my first days in 1999 with 20 listings up. For the first time ever my fees are going to be more than my sales. Needless to say I'm letting the listings end and will be joining the Amazon migration. Luckily my items can be listed on Amazon.

I never purchased anything on Amazon until 2008 when Donohoe took over. Now I am a regular customer.

I'm having serious doubts as to whether ANYONE can fix ebay EVER again!
It's in critical condition and Dr. Death Donohoe is still being allowed to operate on the victim. SCARY!

HE HAS NO CHANCE AT SUCCESS even if they give him 40 more years to try he won't even get back to where they were EVER!

GET RID OF HIM AND HIS CREW NOW!!!!!!!
eBay Q1: Marketplaces Benefits from Fixed Price, Gmarket   eBay Q1: Marketplaces Benefits from Fixed Price, Gmarket
by: tciNorm
       
Thu Apr 22 13:10:41 2010
Hello. I am not sure if this has already been pointed out, but eBay's first quarter includes March, obviously. Well, eBay didn't kick in ''the lowest fees ever'' until April 1st and, of course, on March 31st most sellers were then charged the ''new'' incredibly high store prices (basic, premium, etc.) So in effect we were all paying high listing fees plus the new high store fees which probably added up to quite a bit more than when the lower listing fees became active in April. Sounds like another eBay false positive to me. It will be interesting to see the totals for the 2nd quarter. Norm.
eBay Q1: Marketplaces Benefits from Fixed Price, Gmarket   eBay Q1: Marketplaces Benefits from Fixed Price, Gmarket
by: buck efay
       
Thu Apr 22 13:22:33 2010
Good point, Norm, we forgot about all the people that PAID CASH for stores with the promise they'd get a credit down the line. Well, those credits all fall due this quarter at latest.Adding millions of FREE listings from Doggy Diamonds does nothing for the bottom line, especially when Said Doggy Diamonds have 25,000 items listed(shoplet) and only sold about 500 this month, with multiple negs & neutrals but somehow PERFECT 4.8% across the board, or BUY with a miserable 12% STR & 500 negs & neutrals a month and a solid 4.9% locked in for at least 6 months? EBAY IS COMMITTING RETAIL FRAUD BY MASSAGING THE DSRs ON THE DOGGY DIAMONDS! This can be cause for yet another class action suit. Great Job Donho. Does the FVFs on Shoplet even come close to the $2000-3000 a month I used to pay ebay for 11 years (& would have continued to pay indefinitely). Whatcha gonna do, Donnyho, when BUY pulls the plug after they tire of your BS? Ebay has gone from being talked about in a good way by most everyone to being compared to Fascist regimes & the CEO to Hitler in 3 years. Major cause for concern & Ebay has passed the tipping point already, it seems unlikely they can EVER return to what they were.
eBay Q1: Marketplaces Benefits from Fixed Price, Gmarket   eBay Q1: Marketplaces Benefits from Fixed Price, Gmarket
by: Hardrock Rules
       
Thu Apr 22 13:22:40 2010
When I heard STORE TO CORE, I knew it was a desperate move, that would FAIL !

Core is dead since JD took over, traffic, view, sell through rates, bids

Then a gazillion extra items thrown into an already mostly dead, severe damaged beyond repair core = NO SALES FOR 95% of us ! WE LOSE, DONAHOE AND PAY PAL WIN !

This is HONEST TO GOD the worse I have ever done each week since April 1st since the 1990's when I was a newbie, thanks for your STORE TO CORE wrong move again !
eBay Q1: Marketplaces Benefits from Fixed Price, Gmarket   eBay Q1: Marketplaces Benefits from Fixed Price, Gmarket
by: Ron
       
Thu Apr 22 13:25:31 2010
From Donahoe's conference call with analysts following the Q1 earnings report:

Mr. Donahoe said on Wednesday, "What we have proven in Europe is our search engine can take that. These are things that were proven out in Europe and will take time to sort of work their way into initially our listings and into demand but we feel good about the impact it will have on the U.S. business over the remainder of the year."

He also said the changes were intended to drive consumers to sell in the auction format, and business sellers to sell in the Fixed-Price format."

And from Scot Wingo:

"While domestic showed some good trends, the decrease in International is concerning. In the key eBay International markets, eBay is a year into the same fee changes they are rolled out in the US on 3/31/10. If those changes are already 'tapped out', that could indicate problems for the domestic side in the near future. The International deceleration caused the overall number to come in flat Q/Q."

First of all, if they've seen that it didn't work in Europe, why roll it out in the US?

And secondly, who is he to intervene to the degree that he's telling professional sellers how to sell?  Dealers used the auction format to sell, with great success, for some 12 years on eBay, before he came along.  I guess that he meant it when he said that "we have to let go of a successful past".  Truer words were never spoken.



eBay Q1: Marketplaces Benefits from Fixed Price, Gmarket   eBay Q1: Marketplaces Benefits from Fixed Price, Gmarket
by: Julie
       
Thu Apr 22 13:25:38 2010


READ EBAYS MESSAGE BOARD, PAGE #88.

A user posted that she just got a call from her news channel about ebay.

Here's the link. Scroll down to user id bellaboutiqueshop...

http://forums.ebay.com/db2/topic/Seller-Ce
ntral/5-Days-Straight/520194234&start=1305
eBay Q1: Marketplaces Benefits from Fixed Price, Gmarket   eBay Q1: Marketplaces Benefits from Fixed Price, Gmarket
by: Steve
       
Thu Apr 22 13:36:24 2010
And yet the Board of Directors still have their heads in the sand.  I would like to pound sand.
eBay Q1: Marketplaces Benefits from Fixed Price, Gmarket   eBay Q1: Marketplaces Benefits from Fixed Price, Gmarket
by: ex power seller
       Web Site
Thu Apr 22 14:18:07 2010
Ebay Killing Small Business
http://denverdirect.blogspot.com/2010/04/whats-up-with-eba
y.html#more
eBay Q1: Marketplaces Benefits from Fixed Price, Gmarket   eBay Q1: Marketplaces Benefits from Fixed Price, Gmarket
by: Norbet used booksource
       
Thu Apr 22 14:35:04 2010
as an ebay seller for at least 8 years I have noticed a definite increase in sales as of April 1rst by at least 15-20%.I list close to 10,000 books.I have noticed the cost of listing went up but whats important to me is the increase in sales.''Thumbs Up Ebay''
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