Ina Steiner EcommerceBytes Blog
News and insight focusing on ecommerce.
by Ina Steiner, Editor of EcommerceBytes.com
Wed Jan 21 2015 16:31:17

eBay GMV Stutters to 2 Percent Growth in Q4

By: Ina Steiner

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eBay Marketplaces gross merchandise volume (GMV) grew a measly 2% in the all-important fourth quarter of 2014, with the U.S. up 3% and International up 1%. eBay said it would prioritize its resources towards "core shoppers" and its Deals business for its Marketplaces business.

eBay's conference call with analysts is at 5:00 pm EST today, here is the company's press release announcing fourth quarter 2014 earnings, you can view the full release with tables on eBay's investor relations website.


eBay Inc. Reports Fourth Quarter and Full Year Results
Global commerce platform and payments leader eBay (Nasdaq:EBAY) today reported that revenue for the fourth quarter ended December 31, 2014 increased 9% to $4.9 billion, compared to the same period in 2013. GAAP earnings were $936 million or $0.75 per diluted share, and Non-GAAP earnings were $1.1 billion or $0.90 per diluted share, driven by enabled commerce volume growth of 21%.

eBay Inc.’s commerce and payments ecosystems continued to increase the role they play in global commerce with mobile gaining share. Mobile payment volume grew 58% in the fourth quarter to $45.6 billion for the full year representing 20% of total volume. Mobile commerce volume grew 30% in the fourth quarter to $27.9 billion for the full year representing 34% of total volume. In the fourth quarter, cross-border trade grew 20%, representing 21% of total company ECV.

"In a year of unexpected events and distractions, we ended 2014 with double-digit revenue growth, solid earnings growth and strong cash flow, reflecting the fundamental strengths of our company," said John Donahoe, president and CEO of eBay Inc. "PayPal had another strong quarter, finishing an excellent year. eBay, while facing challenges, continues to be a great business and is focused on stabilizing performance and engaging its core customers. Looking ahead, our plans are on track to separate eBay and PayPal into independent companies in the second half of 2015, and we are confident this is the right strategic path for each business."

PayPal net total payment volume (TPV) grew 24% in the fourth quarter with Merchant Services volume up 33% and on-eBay volume up 3%. Revenue grew to $2.2 billion. PayPal gained 4.6 million new active registered accounts in the quarter and 18.9 million for the full year, up 13% to 162 million. Global on-eBay penetration increased to 80.8%. PayPal product innovations and investment to make payments simple and easier resulted in accelerating transaction growth, up 25% in the quarter, representing more than 3.6 billion transactions for the full year.

eBay Marketplaces gross merchandise volume (GMV) grew 2%, with the U.S. up 3% and International up 1%. Revenue grew to $2.3 billion. Marketplaces gained 2.9 million new buyers in the quarter and 14.9 million for the full year, up 11% to 155 million. Traffic was impacted by both the decline in new users due to SEO changes and the occasional buyer not returning to our site or being met with increased friction due to the password reset when they did come. In addition, the rising dollar negatively impacted export volume in the U.S. We are taking decisive action to focus the business in an effort to simplify and speed up decision making while re-aligning the cost structure to create capacity to invest. We are prioritizing our resources towards our core shoppers and we are doubling down on areas of strength like our $2 billion GMV Deals business.

eBay Enterprise gross merchandise sales (GMS) grew 9% in the quarter. Revenue grew to $443 million. Enterprise enabled its clients to grow same-store sales 12%. Enterprise signed up more than one thousand new clients and renewed or extended its relationship with more than 1,700 additional clients in 2014. It continues to expand its omnichannel capabilities, delivering $1 billion in ship from store sales in 2014, and broaden Magento's reach and global ecosystem. Enterprise supports merchants across the entire customer experience journey - from getting new shoppers into clients’ brick-and-mortar and online stores and inspiring them to buy - to delivering the goods and turning customers into loyal repeat buyers.

Looking forward to 2015, we will be simplifying organizational structures to focus the businesses and ensure that we are set-up to compete and win. During the first quarter, we plan to reduce our workforce globally by approximately 2,400 positions which a represents about 7% of our total workforce across eBay Marketplaces, PayPal, and eBay Enterprise. We will also be exploring strategic options for eBay Enterprise, including a sale or IPO. Enterprise is a strong business and a leading partner for large retailers, managing mission critical components of their e-commerce initiatives. However, it has become clear that it has limited synergies with either business and a separation will allow both to focus exclusively on their core markets, as we create two independent world class companies.

The company also announced today that it has entered into a standstill agreement with investor Carl Icahn, the company’s largest active shareholder. In addition to certain corporate governance provisions to be adopted by PayPal as an independent company at the time of its spin-off from eBay Inc., the agreement also appoints Icahn Capital executive Jonathan Christodoro to eBay Inc.’s current Board of Directors. On September 30, 2014, eBay Inc. announced that its board of directors had approved a plan to separate the company’s eBay and PayPal businesses into two independent publicly traded companies in 2015, subject to customary conditions. The agreement with Mr. Icahn allows him to determine which board Mr. Christodoro will serve on at the time of separation.

In a separate press release today, the company also announced the appointment of seasoned Wall Street executives Frank Yeary and Perry Traquina to its board of directors. These appointments bring the total number of directors to 15, 13 of whom are independent.

Other Selected Financial and Operational Results
    Operating margin - GAAP operating margin decreased to 21.6% for the fourth quarter of 2014, compared to 22.6% for the same period last year. Non-GAAP operating margin decreased to 27.7% in the fourth quarter, compared to 29.2% for the same period last year.
    Taxes - The GAAP effective tax rate for the fourth quarter of 2014 was 11.2%, compared to 17.3% for the fourth quarter of 2013. The non-GAAP effective tax rate for the fourth quarter of 2014 was 18.7% compared to 19.7% for the fourth quarter of 2013.
    Cash flow - The company generated $1.6 billion of operating cash flow and $1.3 billion of free cash flow during the fourth quarter of 2014.
    Stock repurchase program - The company repurchased approximately $1.2 billion of its common stock in the fourth quarter.
    Cash and cash equivalents and non-equity investments - The company's cash and cash equivalents and non-equity investments portfolio totaled $14.6 billion at December 31, 2014, up from $12.8 billion at December 31, 2013.

Business Outlook 2015
    First quarter 2015 - The company expects net revenues in the range of $4,350 - $4,450 million with GAAP earnings per diluted share in the range of $0.37 - $0.43 and non-GAAP earnings per diluted share in the range of $0.68 - $0.71. GAAP earnings include an estimate of separation and restructuring costs of $210 - $240 million.
    Full year 2015 - The company expects net revenues in the range of $18,600 - $19,100 million with GAAP earnings per diluted share in the range of $2.17 - $2.32 and non-GAAP earnings per diluted share in the range of $3.05 - $3.15. GAAP earnings include an estimate of separation and restructuring costs of $350 - $400 million.

In January 2015, the company's board of directors authorized an additional $2 billion stock repurchase program. Together with the $1 billion remaining under the company’s prior stock repurchase program authorized in January 2014, the company's total repurchase authorization as of January 21, 2015 is $3 billion. In addition to offsetting dilution from its equity compensation programs, the company expects, subject to market conditions and other factors, to make opportunistic repurchases of its common stock to reduce outstanding share count. Any share repurchases under the company’s stock repurchase programs may be made through open market transactions, block trades, privately negotiated transactions (including accelerated share repurchase transactions) or other means.

Quarterly Conference Call and Webcast
eBay Inc. will host a conference call to discuss fourth quarter and full year 2014 results at 2:00 p.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 website at http://investor.ebayinc.com. In addition, an archive of the webcast will be accessible for 90 days through the same link.

eBay Inc. uses its Investor Relations website at http://investor.ebayinc.com as a means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD. Accordingly, investors should monitor, in addition to following press releases, SEC filings, public conference calls and webcasts.

See accompanying Newsflash article.

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Readers Comments

Perminate Link for eBay GMV Stutters to 2 Percent Growth in Q4   eBay GMV Stutters to 2 Percent Growth in Q4

by: Lois This user has validated their user name.

Thu Jan 22 06:48:06 2015

I'm a small seller here on eBay in a very specialized area. I've been here for nearly 15 years. Many of my original buyers are still with me, buying over and over. One of them faithfully buys every time I list new items - at least 2 times a month - for all that time. They know me, they know the quality of my merchandise, we value each other. And, of course, I get new buyers on a constant basis as well - at least, I did, until this past year.

For dealers in specialized merchandize, loyalty to the seller is crucial.

I have the same thing with another base of buyers on still another site. Difference is, those buyers are increasing both in number and also in the amount they are spending, so it's not all due to ''the economy, stupid.''

Ebay was founded as a place for attracting small sellers and buyers looking for not-easily-available items. It has lost its way, and, along with it, many of those ''little people'' who sold what buyers were looking for.

It has become nothing more than a glorified mall - except that you can't see 3-dimensionally, touch, try-out the specific item you are interested it, nor can you rely on timely arrival in pristine, working condition.

It has become nothing more than a money-making site for the stockholders who really don't care what the business is or does, just so long as it makes them money.

And they have been deluded by people like Donohue who have told them that his way is the way to do that. Deluded so badly that he has recived multi-million dollar bonuses each year.

And now, as the farmers say, the chickens have come home to roost - not knowing they are home to be slaughtered.

Perminate Link for eBay GMV Stutters to 2 Percent Growth in Q4   eBay GMV Stutters to 2 Percent Growth in Q4

This user has validated their user name. by: Rexford

Thu Jan 22 06:53:55 2015

"Donahoe revealed that eBay planned to create its own product catalog, but said it couldn't be done overnight. He compared it to the rebuilding of eBay's search engine (called Cassini) 5 years ago."

Is this his way of telling folks that Cassini is an utter failure? This is something that sellers have been telling him since it was rolled out, but Mr. Hardhead didn't listen.

I'm guessing if they build a catalog from scratch sellers will likely have to take down all of their listings and revamp them to adhere to the catalog standards. (Get ready for those boring white backgrounds, which should look great with a set of pearls or winter white pants.) Can you imagine the amount of time that will take?

In my opinion, if he had a lick of sense, he'd implement the search that was so successful years ago but you can't tell a hardheaded man anything.  They'll building something new that will be no more than an experiment, not knowing if it will work or not.  And whatever they build, it will be built to position his precious brands so that they get top billing.

Perminate Link for eBay GMV Stutters to 2 Percent Growth in Q4   eBay GMV Stutters to 2 Percent Growth in Q4

by: frustrated This user has validated their user name.

Thu Jan 22 07:24:57 2015

To quote the bobman:

I want ebay, so I can find stuff I can't find elsewhere, like weird replacement parts for my old AV equipment, (like a belt for a turntable that doesn't cost $20), fan motor for my Impala, A Component to VGA converter, $17 ODBII to USB cord. And I use ebay to sell weird stuff like vintage test equipment (oscilloscopes, tube testers, tubes..), ISA computer cards, Commodores, boat lights, dictation equipment, jukebox parts.

Trying to change ebay into a marketplace of mass produced goods (cell phone cases/chargers/clothes you can buy at the company's main website) is like selling tampons & frozen foods at NAPA auto parts

EXACTLY.

And YES every seller you STEAL MONEY FROM by refunding a buyer who returns an empty box,or a box with an item that is worn, dirty soiled, etc, USED TO BE A BUYER. WAS, USED TO BE, no longer buying anything there, HELLO?

If you're so worried about the "buyer is king", maybe you should consider how many sellers you ran off?? EVERY one of those people tells at least 5 others to

"STAY AWAY FROM EBAY"  MAYBE 10 PEOPLE. MAYBE 20?

People do NOT shop ebay to buy brand new electronics, they go to AMAZON. Or NEWEGG, or BUY.com (or whatever goofy name they call themselves now)

They shop ebay to get used clothing at 80% off retail. Or other items to repair or replace items they no longer make.

CAN ANY OF THE MBA'S AT EBAY READ??

2% growth over a holiday season should say it all. And I am SURE they monkeyed with those numbers to avoid showing the real truth.

A HUGE LOSS!!

I know personally that since they RUINED MY LIFE (I moved out to the country in peace and quiet, only to see my sales drop to where I could NOT support myself even with ZERO RENT, so I moved back to the city and got a REAL job.) I have not bought one item on ebay in protest.  

Perminate Link for eBay GMV Stutters to 2 Percent Growth in Q4   eBay GMV Stutters to 2 Percent Growth in Q4

by: choochoo This user has validated their user name.

Thu Jan 22 07:25:26 2015

In the words of comedian Ron White,
you can't fix stupid.

Perminate Link for eBay GMV Stutters to 2 Percent Growth in Q4   eBay GMV Stutters to 2 Percent Growth in Q4

by: frustrated This user has validated their user name.

Thu Jan 22 07:26:29 2015

BIG PS

The only job they need to eliminate is the CEO, and they should do it in SEPTEMBER 2014. Make that 2010.


YOO-HOO???

Can the shareholders read??

The people on Wall street can surely read.....  

Perminate Link for eBay GMV Stutters to 2 Percent Growth in Q4   eBay GMV Stutters to 2 Percent Growth in Q4

This user has validated their user name. by: Rexford

Thu Jan 22 07:32:55 2015

"Investors getting involved in eBay and owning the stock are looking past the next few quarters and are focusing on the PayPal spinoff, said Colin Gillis, senior technology analyst at BGC Financial. They want to see value unlocked when the company is split up. It's also promising to see hedge fund manager Carl Icahn getting a board seat on eBay, who will have the decision of whether to have a board seat on eBay or PayPal after the spinoff is complete."

Oey Vey.....Icahn on either Board, just more of the same. Those follks aren't looking out for you, they are looking to line their own pockets.

Perminate Link for eBay GMV Stutters to 2 Percent Growth in Q4   eBay GMV Stutters to 2 Percent Growth in Q4

This user has validated their user name. by: LDS Brother

Thu Jan 22 07:53:22 2015

"Eliminating jobs is never easy, but these decisions were necessary," John Donahoe said in a conference call Wednesday, after outlining the challenges eBay faces without PayPal."

OH MY GOSH ! LMAO !

Of course not Johnny, as long as you got your what $100 Million counting your $23,000,000 goodbye package ?

Your a destroyer, a wrecker, an adversary, you take free agency away from us sellers to conduct our own rules for our listings like the SATAN you are !

You are the most self absorbed prick I think this business world will ever behold ! You called us noise, us noise knew yer visiion was never gonna work, ever, and lo and behold it does not !

You should be ashamed of yourself Donahoe ! Meg Whitman left you a decent market place, in a way I truly feel sorry for Devin Wenig, you have left that poor fella a pile of rotten stinking shit !

Goes back to my point, your all about you you you you you you you !

Please other CEO's kick this loser out of your country club !

In my opinion Nike and Pay OPal are CRAZY for having John Donahoe anywhere near their businesses !

Maybe someday, Donahoe will come up with some ugly design totally different than the side of the Nike sneaker we are used to, and he can pitch his bullshit about how Nike can let go of it's successful past and change the logo completely into something it never was, ruin Nike, then bail and get rewarded for ruining them also !

Perminate Link for eBay GMV Stutters to 2 Percent Growth in Q4   eBay GMV Stutters to 2 Percent Growth in Q4

This user has validated their user name. by: LDS Brother

Thu Jan 22 07:53:22 2015

"Eliminating jobs is never easy, but these decisions were necessary," John Donahoe said in a conference call Wednesday, after outlining the challenges eBay faces without PayPal."

OH MY GOSH ! LMAO !

Of course not Johnny, as long as you got your what $100 Million counting your $23,000,000 goodbye package ?

Your a destroyer, a wrecker, an adversary, you take free agency away from us sellers to conduct our own rules for our listings like the SATAN you are !

You are the most self absorbed prick I think this business world will ever behold ! You called us noise, us noise knew yer visiion was never gonna work, ever, and lo and behold it does not !

You should be ashamed of yourself Donahoe ! Meg Whitman left you a decent market place, in a way I truly feel sorry for Devin Wenig, you have left that poor fella a pile of rotten stinking shit !

Goes back to my point, your all about you you you you you you you !

Please other CEO's kick this loser out of your country club !

In my opinion Nike and Pay OPal are CRAZY for having John Donahoe anywhere near their businesses !

Maybe someday, Donahoe will come up with some ugly design totally different than the side of the Nike sneaker we are used to, and he can pitch his bullshit about how Nike can let go of it's successful past and change the logo completely into something it never was, ruin Nike, then bail and get rewarded for ruining them also !

Perminate Link for eBay GMV Stutters to 2 Percent Growth in Q4   eBay GMV Stutters to 2 Percent Growth in Q4

by: Caroline1 This user has validated their user name.

Thu Jan 22 07:53:24 2015

"As to what it plans to do about the problems, eBay said, "We are taking decisive action to focus the business in an effort to simplify and speed up decision making while re-aligning the cost structure to create capacity to invest. We are prioritizing our resources towards our core shoppers and we are doubling down on areas of strength like our $2 billion GMV Deals business.""

Even Babel couldn't translate this nonsense.

Perminate Link for eBay GMV Stutters to 2 Percent Growth in Q4   eBay GMV Stutters to 2 Percent Growth in Q4

by: rhawk This user has validated their user name.

Thu Jan 22 07:55:16 2015

WHAT A BUNCH OF DUMBASSES THESE EBAY EXECS ARE!

THEY HAVE NO CLUE WHAT THEY ARE DOING.....unless it is to simply destroy ebay.

Perminate Link for eBay GMV Stutters to 2 Percent Growth in Q4   eBay GMV Stutters to 2 Percent Growth in Q4

This user has validated their user name. by: Basset

Thu Jan 22 07:57:21 2015

And further with what Rexford says is the addition of two Wall Streeters to the board, making a total of 15.

Perminate Link for eBay GMV Stutters to 2 Percent Growth in Q4   eBay GMV Stutters to 2 Percent Growth in Q4

by: Flying Childers This user has validated their user name.

Thu Jan 22 08:09:24 2015

To MH: As someone who owns a small b&m shop and has 2 shops on Etsy, I identified with your post. Luckily I have kept my "day" job even if it was only part-time because I know that it is almost impossible to make a decent living in any kind of retail. When I read all the comments about Ebay and ETsy, what these greedy execs have done to "kill the goose that laid the golden egg" that is, to destroy the base of small sellers, it just breaks my heart. I think that the truth is, thanks to all the Chinese manufacturers, it is just not possible to compete in these market places. Face it, everything is being made in China or overseas and thanks to horrible govt. policies in the USA, there is no longer a manufacturing base in our country. Good luck in finding a job.

Perminate Link for eBay GMV Stutters to 2 Percent Growth in Q4   eBay GMV Stutters to 2 Percent Growth in Q4

This user has validated their user name. by: Basset

Thu Jan 22 08:09:44 2015

Caroline1 says - ''Even Babel couldn't translate this nonsense.''


imo, you can't beat Donahoe's ''more focus on top of the funnel'' quote.  

I swear, I'm going to use that one. Next time someone comes to me with a problem I'm going to tell them they need to ''put more focus on top of the funnel''.  Then watch them back slowly away from me.

Perminate Link for eBay GMV Stutters to 2 Percent Growth in Q4   eBay GMV Stutters to 2 Percent Growth in Q4

This user has validated their user name. by: Rexford

Thu Jan 22 08:26:40 2015

Basset, perhaps he is referring to his dunce cap.  He may have it on upside down.  ;)

Perminate Link for eBay GMV Stutters to 2 Percent Growth in Q4   eBay GMV Stutters to 2 Percent Growth in Q4

by: pace306 This user has validated their user name.

Thu Jan 22 08:39:03 2015

I'm not sure what ANYONE expected, considering the fact that top management has ZERO experience for the jobs they were hired to do.

Each plan fails and fails spectacularly simply because its never been thought out and it never helps move the company forward.

Lets kill auctions, lets bring them back.

Lets hide peoples listings

Lets steal from sellers

Lets blame sellers for all eBays ills

Lets cut back on customer service

Lets get rid of Paypal - who was supporting us financially

Lets force Best Match on every one

Lets dump smaller sellers for GSI customers

Lets VERO people we dont like and get money on the back end for it

All these plans and more all failed since none of them solve anything. They are cheap bandaids which produced nothing but short terms fixes.

You cant cure cancer with a bandaid.

2%? geez - thats EPIC FAIL

While 11main is gearing up strong, Sears is putting its all into its online portal, Rakuten is busy canvasing for new seller, and Amazon looks and works hard to continue growth .... eBay focused on all the above stupid ideas and got nothing for it.

Lets steal from our sellers again - THAT will make everything OK.

And yet, eBay feels MORE Wall Street goons are the answer ... WRONG AGAIN!

Wanna know whats been consuming eBay over the last month? eBay NOW.

I was just invited into this moronic program - even Amazon knows its a failure and moved on.

As a seller, I dont expect eBay to ever grow more then it is now - they cant.

Im spending MY time getting more goods on Amazon, doing FBA, working with 11main and working on exporting/wholesale. When eBay can demonstrate that they can act like grown ups instead of spoiled rich kids, we can work together again.

Perminate Link for eBay GMV Stutters to 2 Percent Growth in Q4   eBay GMV Stutters to 2 Percent Growth in Q4

by: ajeweler This user has validated their user name.

Thu Jan 22 09:47:58 2015

2% growth is nothing!! you can almost match that in a bank,

yes many people lost their homes and filled bankruptcy due to e bay  "policies" as you know they are only a venue!!

of course this "venue"

rates you according to your sales

lets buyers run your business

tells you what you can list

may yes may show your listings

will lie to you or hang up on you

defects you on every sale

allows thief's to function

sellers are "noise"

and so many more

I would like to know the UFO mechanic who writes these rules

Venue means
Very
Expensive
Nutcases
Using
Ecommerce

eb
ay
means
Every
Buy
Against
You

and
Employees
Band
Annihilate
You

I am so glad I am no longer exposed to their "venue" "policies" Tricks and thief's

the stress is gone however
yes the sting remains

the endless hours of listing only to have to revise every month to accommodate "the newest thought of the month" and to have someone who knows nothing about my business telling me the "best practices" and "this is what buyers want"

I still have not seen a survey that is titled  
"tell us what you want"

I do see ones stating
"Buyers spoke we listened"

I would guess those lucky buyers that got to speak were not "noisy Sellers" as we all know the CSR never listen to anything sellers say, if they do sellers are considered not truthful

and I cannot see buyers staying on hold for hours just to tell e bay something more so e bay taking action or not considering it to be lies.

2015 is the year that ebay gets hostile takeover and becomes something that local flea markets turned into

use to be flea markets you could rent space to see unwanted goods,
now when I see one of these flea markets nothing but new Chinese junk
remember cheap is not the price this means lacking in quality
yes ebay is now cheap!!

by the way if sellers are not aware anything not in auto relist and is in your unsold file is auto deleted in 90 days yes by ebay
"the venue" is working on your site"
they of corse have to make room on their servers for the new and upcoming big box Chinese sellers  
     

Perminate Link for eBay GMV Stutters to 2 Percent Growth in Q4   eBay GMV Stutters to 2 Percent Growth in Q4

by: Eric Saeger This user has validated their user name.

Thu Jan 22 10:10:14 2015

WRT the teaser story on the front page on this, I gotta laugh. Donahoe wants to do the catalog again. Don't hold your breath.

And by "structured data" he means XML/Web 2.0 formatting long overdue.  Watching their development team take this on is going to be like... oh, just man the lifeboats.  This will be hilarious.  They'll either have to roundfile Cassini or rebuild the whole stupid thing.

Perminate Link for eBay GMV Stutters to 2 Percent Growth in Q4   eBay GMV Stutters to 2 Percent Growth in Q4

by: AC_in_Mich This user has validated their user name.

Thu Jan 22 10:29:37 2015

So, I started a facebook group titled  ''Things you never knew that actually sell on ebay'' (feel free to join)

https://www.facebook.com/groups/1605205596374750/


and
while researching liquid farts and used egg cartons, I came across ebay item 371195908398

Toenail/fingernail clipper for $.01! and Free shipping!  of course from China, but still, how the hell do you make money?

Perminate Link for eBay GMV Stutters to 2 Percent Growth in Q4   eBay GMV Stutters to 2 Percent Growth in Q4

by: ebay refugee camp This user has validated their user name.

Thu Jan 22 10:33:06 2015

Sorry ebay but word of mouth from your customers, the sellers who hate you because of your stupid pro buyer shoplifting policies have taken its toll sellers have left and taken customers friends and family with them, lack of transparency concerning security, no exposure to buyers lack of visibility buyers want choices not what seller you choose for them, no google presence because you did not want to spend your bonus money on advertising, no customer service, customer service actually lies to sellers...proven fact, search engine is broken a US only seller is not a Chinese seller shipping from China pretty simple detective work and yes US sellers notced that, no support or answers from top execs, money skimmed off profits to finance and develop other companies that ebay bought, ebay is now selling those companies instead of repairing the destruction of ebay marketplaces by "innovative disruptions" What a joke

Perminate Link for eBay GMV Stutters to 2 Percent Growth in Q4   eBay GMV Stutters to 2 Percent Growth in Q4

by: ebay refugee camp This user has validated their user name.

Thu Jan 22 10:36:27 2015

These companies will be sold to the stock market king friends of JD for a steal, just like Skype, this is what will happens and evidently he is connected and protected enough to do whatever he wants. It makes me sick

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