Thursday, May 13, 2010
IS IT TIME FOR EBAY TO SELL THEIR AUCTION BUSINESS?
April 30th, 2010 by Skip McGrath
At eBay’s annual meeting, CEO John Donohoe said that auctions now make up less than half of all listings on the site. And he predicted it would drop to 30% by 2011. Just a few years ago, auctions made up around 70 percent of the listings on the site but in the last quarter they were only 45 percent.
This is not by accident. Since Donohoe took over, eBay has made a concerted effort to look more like Amazon, attract large merchants and focus their growth on fixed price selling.The very nature of the auction business is that it only works when there is a sense of community and a shared passion between buyers and sellers. Those are the traits that made eBay successful. And, these are the same traits that eBay has assiduously tried to kill over the last few years since Donohoe arrived. Actually it started somewhat before Donohoe took over, but has accelerated under his leadership (or should I say lack of leadership).
See entire article at: Skip McGrath
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"[T]he opinion which gives to the judges the right to decide what laws are constitutional and what not ... would make the judiciary a despotic branch. ... [T]he germ of dissolution of our federal government is ... the federal Judiciary ... working like gravity by night and by day, gaining a little today and a little tomorrow, and advancing its noiseless step like a thief, over the field of jurisdiction, until all shall be usurped. ... They are construing our constitution from a co-ordination of a general and special government to a general and supreme one alone." --Thomas Jefferson