Email a copy of 'Highlights from eBay CEO Devin Wenig's Letter to Shareholders' to a friend
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Ina Steiner is co-founder and Editor of EcommerceBytes and has been reporting on ecommerce since 1999. She's a widely cited authority on marketplace selling and is author of "Turn eBay Data Into Dollars" (McGraw-Hill 2006). Her blog was featured in the book, "Blogging Heroes" (Wiley 2008). She is a member of the Online News Association (Sep 2005 - present) and Investigative Reporters and Editors (Mar 2006 - present). Follow her on Twitter at @ecommercebytes and send news tips to ina@ecommercebytes.com. See disclosure at EcommerceBytes.com/disclosure/.
Blah, Blah, Blah…….More typical Wenig corporate doublespeak.
In early trading today, PayPal, Amazon, and Etsy (Etsy??) are all up over 3%, while eBay is just up one percent, and falling. And no one except eCommerceBytes has mentioned about the loss of Target- if this was publicized at all, the stock would be tumbling.
Here’s an article, published today by an investor who refuses to drink the eBay Kool-Aid:
https://investorplace.com/2018/04/ebay-inc-stock-keep-falling/
Millennials are ignoring the marketplace. Enterprise sellers are building their own sites and setting their own rules and policies.
This is a final wake-up call for this company to go back to its roots and embrace all sellers, both small and large. Or they will soon be no more than a footnote in history books, along with Enron, MySpace, and CompuServe.
Regarding the battle between robots and humans… I can imagine a fight between one of the Rock’em Sock’em Robots and Devin. I’ll be rooting for the Robot.
Any time an executive talks about innovation, I immediately stop paying attention. It’s all lies and meaningless buzzwords. WTF does blockchain have to do with anything? Look, the fact is, eBay runs a platform where a page with five tabs shows five different UI themes. Duhvelopers that can’t keep something so simple straight have absolutelyno business using pretend intelligence to manipulate search results/visibility. I don’t know what’s sadder, that this fool buys his own hype or that nobody in Silicon Valley (stuffed with those oh so brilliant visa holders) has the wherewithal to do better.
getting back to it’s roots? don’t believe they could even find the path that brought them so much success. They could start with throwing out all the chinese sellers that exist on ebay – laundering money and cheating the buyers all the while they have hundreds of negative feedbacks. So start there will ya? bring back some real trust and integrity and see if that helps.
Maybe Ebay is loaning Wenig to GM for the use of their private jet plane, thus saving them money.
After the financials are announced this coming week, Ebay may need all the help they can get.