Jeff Sexton

Friday, July 20, 2007

eBay News

It's interesting that eBay (and PayPal) is making more money than ever,
but the "size" of eBay, in number of items, is falling. Competitors of
eBay are slowly catching on. Some investment analysts are starting to
talk about dumping eBay shares.

http://www.iht.com/articles/2007/07/19/business/ebay.php

Meg Whitman, chief executive of eBay, has repeatedly vowed to improve
usability of the auction site by redesigning its home page, being more
aggressive in combating fraud and improving the usefulness of search
engine results.

But while profit was up 50 percent and revenue growth was strong in its
second quarter, the company revealed in its most recent financial report
Wednesday that it was still struggling to draw more customers.

The number of listings on eBay fell 6 percent from last year, and the
number of active users is stagnant at 83.3 million, the same as last
quarter.

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