Ina Steiner EcommerceBytes Blog
News and insight focusing on ecommerce.
by Ina Steiner, Editor of EcommerceBytes.com
Wed Feb 5 2020 11:41:15

eBay Gets Wall Street Attention on Tuesday

By: Ina Steiner

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eBay got attention from Wall Street on Tuesday on two fronts. 

Activist investor Starboard Value LP stepped up pressure on eBay to move faster to separate its eBay Classifieds Group and to cut eBay Marketplaces costs, as we reported in Newsflash.

eBay responded by issuing a statement of its own in which it said it was "taking all appropriate steps to drive the value of the Company," as we reported in a follow-up article.

Then came a rumor that eBay had been courted by a company that wished to buy it. The Wall Street Journal tweeted the following on Tuesday: "Breaking: NYSE owner Intercontinental Exchange made an offer for eBay that could value the company at more than $30 billion, say people familiar with the matter."

Intercontinental Exchange (ICE) released the following statement on its TheIce.com website in response to the Journal rumor:

"ICE approached eBay to explore a range of potential opportunities that might create value for the shareholders of both companies. eBay has not engaged in a meaningful way. We are not in negotiations regarding the sale of all or part of eBay.

"Over ICE's 20-year history, the company's track record of creating shareholder value, both through organic growth and acquisitions, speaks for itself. ICE does look to explore potential opportunities that it expects will deliver enhanced shareholder value, and will continue to do so in the future."

eBay sellers were trying to make sense of the rumor on Tuesday in threads such as this one on the eBay discussion boards.

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Perminate Link for eBay Gets Wall Street Attention on Tuesday   eBay Gets Wall Street Attention on Tuesday

This user has validated their user name. by: RKTOYS

Wed Feb 5 11:50:16 2020

Does anybody else read "shareholder value" as "shareholder vomit?"

Perminate Link for eBay Gets Wall Street Attention on Tuesday   eBay Gets Wall Street Attention on Tuesday

by: FeelingFroggy This user has validated their user name.

Wed Feb 5 12:10:12 2020

It means nothing. Wallstreet doe not care about ebay sellers or buyers. All wall street cares about is the bottom line. Wallstreet doesn't care how ebay gets there just that it gets there.....Sellers on Ebay are still just noise they are just to ignorant to realize it.

Perminate Link for eBay Gets Wall Street Attention on Tuesday   eBay Gets Wall Street Attention on Tuesday

by: purpleiris This user has validated their user name.

Wed Feb 5 12:18:10 2020

Hmmm...As the Worm Turns

Perminate Link for eBay Gets Wall Street Attention on Tuesday   eBay Gets Wall Street Attention on Tuesday

by: pace306 This user has validated their user name.

Wed Feb 5 12:59:30 2020

"We are not in negotiations regarding the sale of all or part of eBay."

AKA - we saw the dismal financial outlook of eBays past few quarters and realized they are a dog - so we will be staying away. OUR BAD.

Perminate Link for eBay Gets Wall Street Attention on Tuesday   eBay Gets Wall Street Attention on Tuesday

by: comments This user has validated their user name.

Wed Feb 5 13:01:10 2020

Well I have to say that I am glad ebay was not receptive to the idea. It is impossible to know where exactly ICE sees the value or the consequence for the small marketplace sellers.

I am excited about how exactly Starboard's vision seems more in line with the values of the community and some of the growth prohibitive issues sellers face.  

Perminate Link for eBay Gets Wall Street Attention on Tuesday   eBay Gets Wall Street Attention on Tuesday

by: eBay Shill Buster This user has validated their user name.

Wed Feb 5 13:11:57 2020

Wenig must have put in a call to his buddies on Wall Street, that will be the only way Temkin keeps his job if someone in the financial industry buys eBay, maybe they make Wenig Chairman, you know those guys are both on the take and have something to do with this.

Perminate Link for eBay Gets Wall Street Attention on Tuesday   eBay Gets Wall Street Attention on Tuesday

by: Frank Abagnale This user has validated their user name.

Wed Feb 5 14:16:13 2020

I love it when the CNBC host says "this is a head scratcher".

 
https://www.youtube.com/watch?v=DBHYDrd6RbQ

Perminate Link for eBay Gets Wall Street Attention on Tuesday   eBay Gets Wall Street Attention on Tuesday

by: pace306 This user has validated their user name.

Wed Feb 5 14:24:40 2020

Neither Starboard and ICE are an eBays sellers friend.

Starboard said "cut eBay Marketplaces costs. It also voiced its support for Managed Payments and eBay’s initiative to increase revenue from seller advertising.'

ALL THOSE THINGS are bad news for sellers - it means that since eBay cant figure out how to row the company organically, they will resort to squeezing sellers to get more bites out of the same apple - ie raise fees.

Its a big circular firing squad where the dopes (criminals) in San Jose keep shooting each other over and over.

Perminate Link for eBay Gets Wall Street Attention on Tuesday   eBay Gets Wall Street Attention on Tuesday

by: eBay Shill Buster This user has validated their user name.

Wed Feb 5 14:30:19 2020

Wenig and Donahoe turned eBay from a world class marketplace to the folly of a dysfunctional circus where everyone is going broke selling on the casino Wenig turned eBay into.

Perminate Link for eBay Gets Wall Street Attention on Tuesday   eBay Gets Wall Street Attention on Tuesday

by: Geetar This user has validated their user name.

Wed Feb 5 15:07:31 2020

I said it before. Ebay will be up for sale.They are putting all the pieces in place right now. Selling stub hub and classifieds to buy back stock w the cash. Cutting costs. And making a bunch of small changes to make it look more attractive.

Perminate Link for eBay Gets Wall Street Attention on Tuesday   eBay Gets Wall Street Attention on Tuesday

This user has validated their user name. by: iheartjacksparrow

Wed Feb 5 15:38:55 2020

Does anyone else think that valuing eBay at $30 billion is crazy? The only thing they own is some office buildings and Walker's West. I know in sales of businesses, there is often a value put on "goodwill," but does eBay have that anymore? Maybe they could get a few dollars for name recognition, but that's about it.

Perminate Link for eBay Gets Wall Street Attention on Tuesday   eBay Gets Wall Street Attention on Tuesday

by: ElectronixRecyclers This user has validated their user name.

Wed Feb 5 16:08:51 2020

"We are not in negotiations regarding the sale of all or part of eBay."

That's pretty much code for "anyone else interested needs to get their bids ready."

Perminate Link for eBay Gets Wall Street Attention on Tuesday   eBay Gets Wall Street Attention on Tuesday

by: thievesBay This user has validated their user name.

Wed Feb 5 16:17:21 2020

Another tried and true eBay "buyout rumor" scam to pump the stock price. Who can be surprised? eBay and activist investor executives acquired shares of eBay stock on the 1st and then executed the scam on the 4th with news coming from Starboard and then the BS buyout rumor in the afternoon. What an amazing coincidence how all of these things were timed out and executed. These criminals should actually be going to prison for insider trading and stock manipulation. Because that's what this is.

Perminate Link for eBay Gets Wall Street Attention on Tuesday   eBay Gets Wall Street Attention on Tuesday

This user has validated their user name. by: NoMoreEbay

Wed Feb 5 16:31:02 2020

A perfect candidate for a takeover by Alibaba. Half of ebay's customer base are already in place. The remaining transition would be fairly easy.

Perminate Link for eBay Gets Wall Street Attention on Tuesday   eBay Gets Wall Street Attention on Tuesday

by: Tiffee Jasso This user has validated their user name.

Thu Feb 6 00:16:08 2020

If Alibaba takes over Ebay, it is a death sentence for US, UK,, Australia, etc. small sellers. Alibaba is only interested in supporting Asian trade. The only reason I can see for anyone in the US wanting Alibaba to buy Ebay is because they sell on Amazon.  

Perminate Link for eBay Gets Wall Street Attention on Tuesday   eBay Gets Wall Street Attention on Tuesday

This user has validated their user name. by: DeathFromAbove

Thu Feb 6 01:14:20 2020

The only competitor entity that can afford to buy ebay is amazon, and that would hopefully set off antitrust problems.  What these hostile takeover suits in New York don't realize is that Amazon can afford to just wait for headless ebay to implode rather than risk any sort of monopoly scrutiny...ebay's new crop of boardroom bullies aren't going to find a buyer anywhere NEAR the amount they think they are worth.  It's either going to be a short sale, or a slow death.

Imagine ebay is shut down, forcing nearly all trade onto the amazon platform.  Would only be a matter of time before any remaining "marketplaces" fold or get eaten alive too.  Amazon finally gets what they want in entirety.  Would congress let that happen?  Who knows - I mean they did nothing and let the wayfair problem legislate in the supreme court, which has caused instant inflation, hurt sales and economic activity across the entire country.  So anything is possible.

This ICE group needs to fire the analyst(s) that thought this would make them some easy money - they clearly have no clue.

Perminate Link for eBay Gets Wall Street Attention on Tuesday   eBay Gets Wall Street Attention on Tuesday

by: TDAKS This user has validated their user name.
Web Site

Thu Feb 6 03:52:59 2020

staff hacks + seller screwing =  'deliver enhanced shareholder value'

Perminate Link for eBay Gets Wall Street Attention on Tuesday   eBay Gets Wall Street Attention on Tuesday

by: Laurie This user has validated their user name.

Thu Feb 6 09:10:52 2020

In the last thirty years, when have you seen the talking heads on Wall Street put a stop to ANY merger because it would create a monopoly and restrict trade or barriers to entry.  It's just more of the 1% making it cushier for themselves.  The anti-trust legislation might as well be a dead sea scroll.  I've said it before, Teddy Roosevelt would be rolling in his grave.

Perminate Link for eBay Gets Wall Street Attention on Tuesday   eBay Gets Wall Street Attention on Tuesday

by: eBay Shill Buster This user has validated their user name.

Thu Feb 6 10:38:07 2020

Nothing is selling on eBay, but they are trying to sell the company. Read below, this is why the search engine is such a mess and cluttered up with millions of China variation listings instead of a focused keyword search.

https://builtin.com/big-data/unstructured-data-machine-learning-ebayR>
eBay geniuses are using clustering to group the same listings in the search results, so unless you are creating multi-model variation listings your items will never show up in search results on most popular consumer items. To get through the millions of variation listings eBay is forcing sellers to buy their way in via promoted listings, my solution is to pull inventory from eBay.

Perminate Link for eBay Gets Wall Street Attention on Tuesday   eBay Gets Wall Street Attention on Tuesday

by: JohnGermaine This user has validated their user name.

Thu Feb 6 11:33:47 2020

They own some software - had no clue that their crappy software was worth so much. So sad to see a once great company land in the toilet. Thanks, Nutmeg Whitman and the rest of you GREEDY CEOs who worked so hard to destroy this company.

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