Why eBay Wants to Buy GSI Commerce

One thought on “Why eBay Wants to Buy GSI Commerce”

  1. $2.4 billion! Then, what’s a few billion between friends? After all, eBay’s directors have never seen fit to share any of this play money with its shareholders. And, well, I suppose the Bain & Co boys have got to be seen to be doing something to stop the ongoing rot: that they have absolutely no idea of what they are doing should be patently obvious to all by now.

    eBay is still making big profits, but during 2010, eBay earned $1.80 billion compared with $2.39 billion in 2009. That’s a decrease of 24%. Twenty-four percent! And for achieving this “target” eBay’s chief headless turkey got a 22% increase in his “compensation”!

    The fact is, the big name brands are not making up the difference and undoubtedly they will not stay long while eBay struggles to supply even low single figure percentage sell-through rates.

    It is a further fact that under the “eBafia Don” the eBay Marketplace has slowly but ever so surely been going down the toilet. I hope all you shareholders who are poor swimmers have donned your buoyancy vests, as you can be sure that the eBafia’s senior managing executives and directors all have their personal lifeboats well provisioned for the coming eBay submarine experience.

    eBay would still be a risky speculative buy even at $10.

    Enron / eBay / PayPal / Donahoe: Dead Men Walking.

This site uses Akismet to reduce spam. Learn how your comment data is processed.