Ebay lost $5,000,000,000 in market cap today......

2manycoins2fewfunds · July 17, 2008 1:39AM

I hope that 5 Billion loss in market cap today lets them know making major sellers mad isn't such a good idea.................

dac076 · July 17, 2008 1:46AM

I guess under Donahoe's tenure, the only thing worse than being an Ebay seller is being an Ebay shareholder.

Frankcoins · July 17, 2008 1:56AM

I tried to short it at $42 last October when I saw that their new coin listing policies, among other proposed
changes, would eventually run a lot of sellers away, but H&R Block's website was messed up and I never got around to it.

291fifth · July 17, 2008 1:56AM

It's not nice to alienate your most loyal customers.

stockwiz · July 17, 2008 1:59AM

I'm surprised there is no major competitors like google yet in this space. Having one company dominate the space is never a good thing.

Boom · July 17, 2008 1:59AM

Got that right!

ttown · July 17, 2008 2:00AM

Well that's the nature of these type of stocks. No real assests so in bad times it will be just like a dot com that we've seen before IMO.

notwilight · July 17, 2008 2:02AM

Breaks my heart....

tmcsr69 · July 17, 2008 2:02AM

<< I hope that 5 Billion loss in market cap today lets them know making major sellers mad isn't such a good idea................. >>

I know very little about the market, but from what I read, this drop is due to their projections for this next quarter-not based on past performance. I read that this quarter that just closed profits were up 20%-almost all from pay pals good earnings.

SirAnthonyAC · July 17, 2008 2:10AM

<< I hope that 5 Billion loss in market cap today lets them know making major sellers mad isn't such a good idea................. >>

That's exactly why there are so many counterfeits and scammers on EBay.... they are afraid of making any seller mad and they don't want to take down auctions of those who generate cash flow... even if those counterfeits crash a profitable hobby and cost EBay money in the long run.

LALASD4 · July 17, 2008 2:21AM

15% is nothing compare to the price movements of FREDDIE MAC & Fannie Mae.

boucharda · July 17, 2008 2:27AM

After today's fall I just bought some August 25 and 27.5 calls. We'll see if it rebounds in the next few weeks.

ziggy29 · July 17, 2008 2:29AM

My heart bleeds.

BECOKA · July 17, 2008 2:43AM

Oh what I could do with 5 billion dollars.

19Lyds · July 17, 2008 2:44AM

<< 

<< I hope that 5 Billion loss in market cap today lets them know making major sellers mad isn't such a good idea................. >>

That's exactly why there are so many counterfeits and scammers on EBay.... they are afraid of making any seller mad and they don't want to take down auctions of those who generate cash flow... even if those counterfeits crash a profitable hobby and cost EBay money in the long run. >>

I don;t believe this one for a second. eBay is not supporting their sellers! Especially the small guy!

mrearlygold · July 17, 2008 2:49AM

Tsk tsk tsk

tincup · July 17, 2008 3:08AM

It all comes down to them not supporting the small sellers, which were the backbone of eBay.

I for one am also getting tired of them trying to 'force' me to use their new 'test' formats.... very frustrating when I'm trying to list items and I get these strange screens come up, and sometimes difficult to get out of.....

The time really is ripe for another competitor to step in.

Silverstate · July 17, 2008 3:11AM

<< I hope that 5 Billion loss in market cap today lets them know making major sellers mad isn't such a good idea................. >>

storm888 · July 17, 2008 3:15AM

<< After today's fall I just bought some August 25 and 27.5 calls. We'll see if it rebounds in the next few weeks. >>

//////////////////////////////////////////////////

It won't go straight to ZERO, so you're probably OK.
I would bail on those, upon ANY strength.

I've been short here for more than a year. I'll cover
deep in single digits, but I have no idea how long
that will take.

When the Civil-RICO litigation starts to bang away
at PayPal, the whole enterprise will likely implode.

////////////////////////////

Donahoe thinks buy.com is the future of EBAY; AMZN-Lite.

BUY pays NO listing fees, gets reduced FVFs, has the best
search exposure, is exempt from taking e-Checks via PayPal,
and delivers this kind of "buyer experience:"

EBAY's Future?

asdfy · July 17, 2008 4:02AM

The stock market gave ebay a negative feedback.

copperfan · July 17, 2008 4:04AM

So is this due to the market, or pissing off "so called big wig sellers"?

adamlaneus · July 17, 2008 4:11AM

Their Price/Earnings ratio is at 75. Folks are betting on big, big huge massive growth still.

It's got a ways to fall; it's not growing so fast.

fishcooker · July 17, 2008 4:27AM

And it obviously doesn't have the brightest MBA's making the decisions. They could use someone who knows business.

etexmike · July 17, 2008 4:32AM

<< The stock market gave ebay a negative feedback.

>>

Ya' got that right.

Mike

ArizonaJack · July 17, 2008 4:41AM

giggle he he he

YaHa · July 17, 2008 4:57AM

<< Oh what I could do with 5 billion dollars.

>>

What could you do? Don't leave us wondering Becoka Maybe buy your own island that's what I would do. I would have Charles Mansion as my private body guard and have all of his gooneys high on crack to shoot anyone at will if they dared try to invade my island.

copperfan · July 17, 2008 4:58AM

Thats just a wee bit creepy there sir...

ziggy29 · July 17, 2008 5:01AM

<< I would have Charles Mansion as my private body guard and have all of his gooneys high on crack to shoot anyone at will if they dared try to invade my island. >>

Charles Mansion? I hear he's as big as a house.

PerryHall · July 17, 2008 5:03AM

It couldn't have happened to a nicer company.

ziggy29 · July 17, 2008 5:05AM

<< It couldn't have happened to a nicer company.

>>

Apparently we need Meg to tell shareholders that eBay is not for everybody.

notwilight · July 17, 2008 5:26AM

<< 

<< It couldn't have happened to a nicer company.

>>

Apparently we need Meg to tell shareholders that eBay is not for everybody. >>

Ohhhhhhhhhh....now I understand what she meant.

2manycoins2fewfunds · July 17, 2008 5:27AM

<< And it obviously doesn't have the brightest MBA's making the decisions. They could use someone who knows business. >>

If you want one true example of how Ebay has p***ed off big sellers let me share this ditty...........

I have 6,000+ sales and 100% feedback.
They pulled one of my auctions for an original Colt 1987 firearms catalog because it had a picture of an AR-15 inside.
Now this was a 20 year old collectors catalog.
Biggest risk was a paper cut or a staple accident.

Talk about being overly politically correct....................

291fifth · July 17, 2008 5:41AM

<< Their Price/Earnings ratio is at 75. Folks are betting on big, big huge massive growth still.

It's got a ways to fall; it's not growing so fast. >>

A P/E ratio of 75 at this point in the company's life cycle is WAY too high. Just where is this growth supposed to come from?

I agree that this stock still has a long way to fall.

Frankcoins · July 17, 2008 6:16AM

When ebay claimed that they are just a friendly little service helping friends sell things to friends (in 1999) they prepared this slide as
part of a FTC presentation which led to them being exempted from auctioneer laws. Notice how they NOW look like the
right hand column in every way? (except the risk of holding inventory...very clever)

storm888 · July 17, 2008 6:32AM

"I agree that this stock still has a long way to fall."

/////////////////////////////////////

JUST so I don't accidentally help cost anybody any money:

While I have been SHORT here for more than a year,
I have no intention of shorting more at these levels.
Donahoe has at least $1B left in his buyback kitty; he
can prop/run this junk up pretty easily.

I would short it ONLY on significant strength. EVEN
though I have long been convinced that it is a $7.00 +/-
stock.

Shorting here is ONLY safe as a trade. My position is
in longterm CORE, and I am NOT trading the stock.

Russ · July 17, 2008 6:35AM

In his press release Donahoe stated that the dip in profits was due to the discount program. In other words, he's sort of blaming Powersellers. I'm proud to say that I did my part to ding their bottom like.

Russ, NCNE

291fifth · July 17, 2008 6:48AM

<< In his press release Donahoe stated that the dip in profits was due to the discount program. In other words, he's sort of blaming Powersellers. I'm proud to say that I did my part to ding their bottom like.

Russ, NCNE >>

In the world of corporate spin this may mean that the discount program will soon disappear.

OPA · July 17, 2008 7:05AM

eBays closing numbers .....

$24.20 -$3.90 -13.88%

ebaytrader · July 17, 2008 7:18AM

<< The stock market gave ebay a negative feedback.

>>

ziggy29 · July 17, 2008 7:20AM

<< The stock market gave ebay a negative feedback.

>>

Let's see how eBay retaliates so they can agree to mutual withdrawal.

seatedcoins · July 17, 2008 7:52AM

<< I for one am also getting tired of them trying to 'force' me to use their new 'test' formats.... very frustrating when I'm trying to list items and I get these strange screens come up, and sometimes difficult to get out of..... >>

I opted out of their new format, but they inserted a "Best Match" function in the previous version that keeps coming back as my default search option.

I have always used the ending soonest option and want to keep it that way.

Manorcourtman · July 17, 2008 9:15AM

These shares have a long way to fall. I'd short the crap out of this dog. Time to pay the Piper eBay. I wonder how much Meg lost today?

percyb · July 17, 2008 9:18AM

<< I hope that 5 Billion loss in market cap today lets them know making major sellers mad isn't such a good idea................. >>

And I thought I had a bad day!

JohnMaben · July 17, 2008 9:23AM

I met John Donahoe about a year and a half ago before he was promoted and he struck me as a sharp guy. I think he inherited most of their problems from Meg and Bill.

John

moonshine · July 17, 2008 9:34AM

I hope they fall flat on their ozz because they have gotten way to big for their britches.

storm888 · July 17, 2008 9:47AM

"I met John Donahoe about a year and a half ago before he was promoted and he struck me as a sharp guy. I think he inherited most of their problems from Meg and Bill."

//////////////////////

A better way to state it:

John and Bill and Meg created the problems, together. Now, John is facing the consequences.

Meg and Bill BOTH approve 100% of the path Donahoe is taking.

He calls it "Disruptive Innovation." It is actually, Innovative Disruption and it is on the verge of
destroying the ENTIRE company.

I met John, too. He is an arrogant buffoon, and FAR too immature to run the now mature EBAY.
Bill Cobb is a VERY stupid person, BUT he was the better choice to replace Meg. Bill was born
with the "self-interested gene;" but, at least, he lacks the "evil gene" that Meg and her boy-toy
have in spades.

mozin · July 17, 2008 2:28PM

Somehow I must have missed the collector coin content in this thread.

Tvac897 · July 17, 2008 2:57PM

I hadn't heard this...what prompted the cap?

commoncents123 · July 17, 2008 3:09PM

I think the key would be to build a site which has a user friendly/addictive layout (that matters the most & is often overlooked), make it free to use & minimally ad based (just to break even, initially, in order to slay Ebay), plus every buyer/seller must be ID verified

Boom · July 17, 2008 5:53PM

<>

True, to a large degree but the state of ebay was not as greedy & totally oblivious to the fact that they need to take better care of their mules ( sellers). This present administration is very much like an evil dictatorship and lack good business sense.

No sellers - no sales - no money, Between eBay and that evil little red-headed stepchild, GrabPal they WILL go belly up.

I knew someone that worked on a 2% commission and made a LOT of money. Ebay and PayPal would do well to take their FEES and cut them in half/ stand by the good sellers and get rid of the scuzz buckets and they would marvel at how much they make and how fast they make it.

At the rate it's going (imagine if that person that made 2% would have made 10%!) eBay will DIE. It's degenerating very badly, very quickly - NOW! With the chains they have put on sellers I say it won't be long till some Brainiac decides to charge buyers, "Buyers' Fees"! That'll really do the trick, alright.

When Meg sold out she knew exactly what she was doing. She's so fat with CASH that instead of a roll of toilet paper made of $20 bills she could have a lifetime supply of roll of $1000 bills and never even miss it.

Plain and simple - Donahoe is a dumb

er . As is his Executive Committee. Jumped right in and initiated absurdities, imposed heavy restraints and even larger fees on sellers. Yeah, that really works. I wouldn't hire this crew to manicure my lawn. eBay could still make a fortune if THEY charged a flat 2% and that little re-headed monkey

provided a service for 1%. Balee Dat!

VOLUME/ NUMBERS!

morgansforever · July 17, 2008 7:16PM

Maybe they will have to modify the FB rules.

How about no fees if an item doesn't sell.

2-4% flat fee, or no FVF? They'll have to do something.

What will be the next promotion?

Ebay lost $5,000,000,000 in market cap today......

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