eBay Polishes Its Pitch for Investor Roadshow

by: Orwellwasright

IMO
Virtually every word quoted in this article was a Lie

Everything that was not a lie was vague meaningless buzzword puffery

I imagine the full presentation would be a masterpiece of deception and misdirection

Its doubtful that even a single consumer of this swill has any experience whatsoever using the site, so this sewer rat soufflé served up as Sirloin steak will no doubt be wildly succesfull.

by: Rexford

Let the roadshow flimflam begin.  Will it earn them as many Golden Globes as American Hustle?  No different than Newman and Redford's "big con".

And promoting safety as low fraud rates, VeRO, and Money Back Guarantee.  All sending sellers (eBay's customers) running to other ecommerce sites.

Vibrant marketplace? A site overrun with cheap Chinese goods is a vibrant marketplace?

I hope I get to see Donahoe in a velvet suit and some itty-bitty spit curls.

by: wasteland-mechanic

The entire stock market right now is nothing but a bubble inflated from trillions of dollars in the form of QE 1,2, and 3 from the Federal Reserve. All that Fed intervention has done is create a giant financial asset bubble and has done almost nothing to help "main street" which was its stated goal. (QE is quantitative easing - look it up) We all know what happens to bubbles.............

by: Anonymous Annie

Oh dear!

I visited the link to eBay's presentation and I really got a good chuckle from the ''Leader in Engagement'' graph.

It tells us that eBay visitors spend almost three times as much time on the site, than compared to top-100 ecommerce sites.

At first blush, this may seem to be an achievement and proof of buyer engagement. --- But what it suggests to ME is that the people who visit eBay CAN'T FIND WHAT THEY'RE LOOKING FOR!!

The increased time visiting the site is ONLY because tenacious shoppers keep searching (and re-searching).

If my local Safeway were to rearrange ALL of their products in some illogical and hard-to-find way, this would likely cause customers to spend HOURS in the store trying to find a few staples (before giving up and leaving in disgust).

So... would Safeway also be bragging about how ''engaged'' their buyers are (based on time-in-store) even if such a strategy did absolutely NOTHING to improve sales?

by: ebay-dreckfresser

    Despite Ebay's ''spin,'' Wall Street is finally discovering that ebay promotes buyer fraud and  that ebay's mistreatment of its sellers is one of several reasons to avoid investing in this declining marketplace:

http://investorplace.com/2015/06/dont-trust-ebay-s
tock-fraud-paypal/#.VXW7-EaUMxJ

by: toolguy

Not like so many here I NEVER have a problem finding what I'm looking for on eBay.

How easy can it be?

You just enter the search words in the search box and hit enter!

I'm looking for a "scribe rite" tool.

None on eBay right now, 2 sold in the past. I bought 1 of them and missed the other.  

by: Ric

Annie said: " eBay visitors spend almost three times as much time on the site, than compared to top-100 ecommerce sites."

This may be the one true fact coming out of eBay corp.

Since search is such a mess, it takes buyers 3 times longer to wade through all the irrelevant listings eBay's search engine surfaces, hence the longer engagement.

The buyers who became frustrated with eBay's hot steaming mess of a search engine stopped coming to eBay a long time ago hence the "longer engagement" scenario.

How typical for eBay to define it's single most glaring weakness as a benefit to bamboozle investors.


PayPal also claims longer engagement times with their site, driven by the advertising page that takes a while to load before users can move on and accomplish anything.

by: moto-science

Joke of the past 5 years :  
Ebay sales velocity and Fair standards

by: Rexford

Annie's comments are right on target.  I have had more than one friend or relative convey to me that they simply left the site because they could not find what they were looking for.

I like Ric's verbage "hot steaming mess of a search engine". So true.

by: pace306

HAHAHAHAHAHAHAHAAAA

PT Barnum said "theres a SUCKER born every minute". ANYONE that believes eBays dog & pony show - gets the losses they deserve - with bells on!

That presentation is %100 FRAUD. There isnt ONE WORD thats truthful. Those who DO believe it also believe that the Mafia is a legitimate loan company, Obamas stiumulous went to SHOVEL READY jobs, Obamacare WORKS (NOT - see Hawaii) and other fairy tails.

1) a vibrant marketplace - really? ask any seller - sales are SLOWER THEN MOLASSES running UPHILL in the winter.

2) a strong, stable & secure commerce platform - Secure? Well if you hide the password thefts and other issues then YES ... LOL

3) engaging product & brand experiences - Well when you VERO your competition off eBay, take money for first page top of the crease positions, and put competing ads in those listings then ... yes .. LOL

4) Fair Standards - to WHOM exactly? Not to Sellers - THATS for sure!

5) Low fraud rates - what? Rampant theft isnt low fraud rates.

6) VeRO - inventing your own laws, letting manufactorers abuse copyright and intellectual property laws and then taking money for it ... thats a PROFIT CENTER - not a SAFETY CENTER

7) Money Back Guarantee - When its used to STEAL from sellers its fraud, theft and unjust enrichment.


Lying thieving SOBs!

by: gizmo

More BS from the once great site. I cannot believe anything these idiots have to say.

They destroyed all that was good. Look elsewhere sellers , this thing is done , dead , gone. The proof is in the  search & sales , & the free for all, the buyers are rampaging.

Ebay has gained a real bad rep. with sellers & buyers , which are one & another. Cannot get behind these crooks. I will not invest in their future , when its their future I would invest in , not mine.

by: Orwellwasright

Well Said pace

One addition :

The Quote :

eBay will be the world's most vibrant marketplace for discovering great value and unique selection,"

Really ? That WAS ebay Pre JD ,
Management virtually destroyed the essence of the marketplace in the same manner a child smash's open a piggy bank to aquire the change within.

They may glue the pig together with smiles and lies, but it will never be same.

by: Shop and Ship

The Power Point Presentation will be shown immediately after the Electric Kool-Aide and the Alice B. Toklas Brownies are passed out. Search for any genuine OEM HP Laser Cartridge New Sealed in Box and see what pops up.  

by: nsc

What does "SMB" stand for?

They don't define it.

At least nothing in the presentation suggests another round of disruptive innovation. More like retrenching.

by: nsc

@orwellwasright,

Yes, what the presentation is touting is essentially the pre-JD eBay, which has been sadly degraded.

I read it as an implicit admission that they recognize that JD was a failure. Put this together with the new fees that are tipped towards Collectibles, and the return of live auctions on eBay. Now they say they will "focus on core". I think they are trying to sidle back to what eBay was, the effort to compete with Amazon having failed.

We'll see. The original eBay model is such a genius business model that it can survive a whole lotta stupid.

by: Philip Cohen

What could one possibly say other that "too funny" ...

The ugly reality of eBay’s demonstrable, calculated facilitation of endemic shill bidding fraud on consumers on its auctions marketplace … http://bit.ly/11F2eas

The eBay executive suite—where the incompetent mingle with the disingenuous, the malevolent and the outright criminal, and the just plain stupid …  

by: Rexford

NSC, in my line of work (my REAL job) SMB is Small and Medium Business.  Not sure if they are using it in the same way.

by: iheartjacksparrow

Wait a minute! Is June 8th the new April Fool's Day? As others have already pointed out, virtually every word printed is an outright lie.

Under "Deliver Great Seller Experiences" we have 'Objective Standards and Feedback.' Does any seller (besides toolguy) believe that?

Under "Some Headwinds to Overcome" they should have added 'Every policy initiated by John Donahoe.'

Then there's: "Our Strategic Priorities": '18+ month transformation.' So I guess that means another year and a half of disruptive innovation.

And then: "Data-Driven Merchandising" which appears to indicate that investors can place their product ads all over the site.

And from all the mention of PayPal it sure looks they will still be predominant payment method.  

by: Philip Cohen

"Our Strategic Priorities": '18+ month transformation.'

Well, Johnny Ho is now into the eighth (and, thank god, the final) year of his failed "three year turnaround"; so, “18+ months” can probably be translated to mean another 4–5 years of Bain-style “destructive renovations”. If eBay lasts that long, that should bring it to the end of the eBay-PayPal cooperation agreement. Frankly, I think the old horse has already expired; someone should bury it before the stink become even more overpowering …

I buy nothing on eBay now that I am not getting most of my “saved search” emails and I would not bother trying to sell anything on eBay, having watched so much used/collectible stuff be relisted so many times without sale …

The eBay executive suite—where the incompetent mingle with the disingenuous, the malevolent and the outright criminal, and the just plain stupid … http://bit.ly/11F2eas

by: pace306

That presentation shows that there will be NO CHANGES under Wenig.

eBay apparently already thinks its doing JUST FINE and (like Mary Poppins) is practically perfect in every way.

If Wenig thinks that this presentation is the TRUE face of eBay and not "how it really is" ... then I feel bad for him - since the mess that JD created wont get him $23 million when he leaves.

Of course I understand its all politics. You cant have this kind of circus sideshow and tell people "Hi, Im the new CEO of eBay. People say we suck, and you know what - they are right. We lie, cheat and steal from our business partners" ... LOL that isnt gonna fly.

Its still amusing (thank you Ina :) ) to see the BS that comes from San Jose.