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Seattle Post-Intelligencer (Free subscription) | 2 hours ago
When the e-commerce giant eBay emerged from the last recession seven years ago with an aura of invincibility, its chief executive, Meg Whitman, boasted that "eBay is to some extent recession-proof."As the online auctioneer's revenues and stock price kept climbing, one of its primary rivals, Seattle-based Amazon.com, just limped along.How times have changed.Whitman, now co-chairwoman of Sen. John...
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Red Orbit (Free subscription) | yesterday
... Amazon.com, just limped along. How times have changed. Whitman, now one of the heads of Senator John McCain's campaign for the U.S. presidency, retired from eBay this year as the company struggled with stagnation. Amazon, meanwhile, has emerged as one of the most vibrant and reliable retailers in the United States. And in an unmistakable sign that Internet companies are indeed exposed to...
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Seeking Alpha (Free subscription) | 10/12/2008
Dinah Balk submits: Doesn't John Donahoe get it? Bill Me Later may increase sales but it will ultimately drive the last seller from eBay (EBAY) because allowing buyers to purchase wish list type items they can't afford without a short term extension of credit doesn't make sense. There are no details of how Bill Me Later will impact eBay sellers have been forthcoming but this author predicts...
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Seeking Alpha (Free subscription) | 10/09/2008
Dan Buchanon submits: In my August post here I suggested and predicted eBay's (EBAY) John Donahoe: Give the bloated 16,000 staff count a crew cut. Take the GE (GE) approach and just take 20% off for starters and get the existing people aligned against things that will grow the business. See above on what that is – ahem, not Skype. Of these, lose the public relations, investor relations...
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Bayrdier (Free subscription) | 10/09/2008
... be cut, other than to say they will come across the company and around the world. eBay Chief Exec John Donahoe said in an interview that the cuts were not a reaction to the weak economy. Investors were still disheartened, sending eBay shares to a 5 1/2-year low. Donahoe, who took over as CEO from Meg Whitman in March, said eBay's leadership had been thinking about making the...
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FT.com (Free subscription) | 10/06/2008
John Donahoe, the new chief executive of Ebay, sought to stamp his mark on the e-commerce company by cutting 10 per cent of the workforce and making two acquisitions for $1.3bn
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Appscout.com (Free subscription) | 10/08/2008
I wonder how eBay's PR department viewed the opening moments of Tuesday night's presidential debate? On the one hand, when asked to name a potential replacement to Henry Poulson, Republican senator John McCain named Meg Whitman , the former chief executive of eBay. Good choice, solid leader, helped pioneer a technology icon. "I like Meg Whitman. She knows what it's like to be out there in the...
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TameBay (Free subscription) | 10/06/2008
eBay have announced that they are reducing their global workforce by around 10%, affecting approximately 1,000 employees worldwide, as well as several hundred temporary workers. eBay’s CEO John Donahoe said “while never an easy decision to make, these reductions will help improve our operations and strengthen our ability to continue investing in growth.” There is [...]
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DealBook (Free subscription) | 10/06/2008
John Donahoe, the new chief executive of eBay, just hit the “Buy It Now” button in a big way. The online auction site agreed to buy Bill Me Later, an online payment provider, as well as two Danish classified sites for a total of $1.3 billion. The moves will further diversify eBay’s revenue stream from [...]
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Market Watch (Free subscription) | 10/06/2008
EBay chief executive John Donahoe is seeking new revenue sources at eBay, the online auction pioneer, and his plans to buy Bill Me Later are clearly aimed at giving consumers additional flexibility to buy more goods. But will the move turn out to be a bad bet in a souring credit market?
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WebPro News (Free subscription) | 10/06/2008
- Mon, 10/06/2008 - 10:55am. Cuts workforce by 10%eBay said today it is purchasing U.S. based online payments business Bill Me Later for approximately $820 million in cash and $125 million in outstanding options.The company is also buying Denmark based online classified site dba.dk and vehicles site bilbasen.dk for $390 million in cash.John Donahoe"We are making aggressive moves to strengthen...
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Red Orbit (Free subscription) | 10/07/2008
... eBay's largest staff reduction. The rest will come from temporary and part-time workers. EBay CEO John Donahoe said the company is "creating efficiency" in areas that require it, but he did not elaborate on which jobs would be cut. A weak economy and the effects of the strengthening dollar are "affecting our businesses," Donahoe said. Still, eBay expects its third-quarter results...
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atHome Top Story (Free subscription) | 10/07/2008
About 1,000 full-time employees will be gone, while eBay will achieve the rest of the cuts by letting temporary and part-time workers go and leaving open positions unfilled. It is eBay's largest round of dismissals ever. Chief executive John Donahoe said the cuts – which will come across the company and around the world – will make eBay "more responsive and nimble," and give it an opportunity...
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The Eagle Business (Free subscription) | 10/07/2008
... cut, other than to say they will come across the company and around the world.EBay Chief Executive John Donahoe said in an interview that the cuts were not a reaction to the weak economy. Investors were still disheartened, sending eBay shares to a 51/2-year low.Donahoe, who took over as CEO from Meg Whitman in March, said eBay's leadership had been thinking about making the...
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Women's Wear Daily (Free subscription) | 10/07/2008
... position our company for long-term growth,” eBay president and chief executive officer John Donahoe said.Alternative payment systems, such as PayPal, which eBay also owns, have been growing as online retailers look for new...
