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Auction Growth Declines Hit eBay Q4 Earnings

   
2:53 pm on Jan 22, 2009 (gmt 0)

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Auction Growth Declines Hit eBay [marketwatch.com] Q4 Earnings
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.
5:09 pm on Jan 26, 2009 (gmt 0)

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I too have not used Ebay in over 1 year. Their overt politically correct nanny policies, Paypal forced use, escalating fees have caused me to move on to other retailers.

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.

6:13 pm on Jan 26, 2009 (gmt 0)

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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.

12:47 pm on Feb 7, 2009 (gmt 0)

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As feebay goes down, alternatives arrive. eCrater is one, but it's traffic has dropped in January too. The one to watch is bonanzle. Getting good press as the best ebay alternative. Have heard it referred to as 'having the feel of early ebay'. Interesting...

[edited by: lorax at 11:22 am (utc) on Feb. 9, 2009]

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