I read an wall street analysts article this morning. Well, wall street is finally "getting it" and they are clearly beginning to see the dangerous path Ebay has taken and continues down in spite of loss of sellers and buyers! Thought I would post my post here today:
"Its funny but sellers have basically been telling you people all this year that Ebay is headed for disaster. Mr. Donahoe is bent on destroying the business model that made Ebay what it is today. Instead of tweaking and stirring up the excitement that once was, he chose to tear it down, trample sellers, milk them for revenue burden them with almost impossible policies while ushering in big box retailers. He gives these retailers free or extremely low fees because he supplements that loss by squeezing the small seller and powersellers that made the site what it is. These big box companies have low sell-thru rates. I'm convinced that is because 1) they sell mass produced junk that can be found in any mall - without the shipping costs, and 2) sellers who buy on Ebay will NOT buy from them. Would you patronize someone who is taking your job??? Ebay is all but doomed and Mr. Donahoe plods down the same path - his eyes set on Amazon - an impossible dream because he won't spend the money or expend the manpower needed to bring Ebay anywhere near the service Amazon performs effortlessly. Get a grip wall street - you can dicker with the numbers and crunch them as you please. Ebay is dying!"
My painting for today "Cats on the Moon"! an 11 X 14" acrylic, should be dedicated to Mr. Donahoe....a dream, can it be realized?
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