Forum Moderators: buckworks
EBay Inc. said Wednesday that net income fell more than 30% during the fourth quarter as sales came under pressure from the slowing economy and increased competition. For the period ended Dec. 31, the online auction giant reported earnings of $367 million, or 29 cents a share, compared with earnings of $531 million, or 39 cents a share, for the same period last year.
Excluding charges related to stock options, the company said it would have earned $524 million, or 41 cents a share, for the recent period.
Revenue fell more than 6% to $2.04 billion.
In one instance where I paid in full for item that was not shipped and I used the Ebay/Paypal grievance policy. I ended up getting stiffed and they never disciplined/banned the seller. That was an eye-opener, luckily it was not a huge dollar amount loss.
The two local stores in our town that allowed folks to bring in items to be listed on Ebay for a commission have gone bankrupt and closed.
In one instance where I paid in full for item that was not shipped and I used the Ebay/Paypal grievance policy. I ended up getting stiffed and they never disciplined/banned the seller. That was an eye-opener, luckily it was not a huge dollar amount loss.
My experience exactly; and grievance policy simply produced acres of reassuring noises, while choosing to miss the point on each occasion.
[edited by: lorax at 11:22 am (utc) on Feb. 9, 2009]
