Author Topic: An Amazon-eBay throwdown is coming  (Read 14195 times)

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Southern Jewel

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An Amazon-eBay throwdown is coming
« on: August 16, 2012, 11:25:55 AM »
To Read Fully: An Amazon-eBay throwdown is coming

eBay's spectacular turnaround has been fueled by mobile commerce. That puts it on a collision course with Amazon.
By Don Reisinger, contributor

FORTUNE -- The trouble began with the departure of a charismatic chief.
After CEO Meg Whitman stepped down from her post at eBay in 2008, the online commerce giant's business seemed to sour.
eBay sellers, while still reliant upon the site, grew tired of the company's penchant for raising fees.
They became vocal, even trenchant, in their discontent.
When the company's financial performance started to suffer, in part because of an ill-conceived, $2.5 billion acquisition of Skype, investors grew weary.
The company's shares plummeted, hitting a low of about $10 in 2009.

How things have changed.
By the end of that year, eBay (EBAY) was able to grow revenue to $8.7 billion, up from $8.5 billion in the previous year. And despite its troubles, it still delivered a tidy $2.4 billion profit.
In 2011, eBay shocked Wall Street with an exceedingly successful year, generating $11.7 billion in income and a $3.2 billion profit.
eBay's stock has swung back, as well, jumping 51% since the beginning of the year to $45.85. In the last year, eBay shares are up 56%. eBay seems to have beat the Internet curse.

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