Interesting Stock Market Observation of eBay

[verydumbblonde]

Article pretty much sums up all that wrong with eBay and why it's imploding.....     eBay Destroying It's Brand From Within

Top Contributor: Ric Roe | Created when NASDAQ:EBAY was $23.51 | Edit | History

eBay's constant system and policy changes imposed by neophyte CEO John Donahoe are responsible for the steady year/year sales decline the company has been experiencing over the last two years.

With a first time CEO who has essentially no experience as a company leader or as an eBay buyer or seller, changes imposed by Mr Donahoe miss the mark and are driving small and medium sized sellers from the marketplace.

To build a successful business, sellers need a platform that is solid, stable and successful. Under CEO Donahoe, eBay has become anything but. Constant changes to policy, systems, and search, coupled with fee increases serve to make the eBay platform uniquely unstable and inconsistent. The result is an ever increasing numbers leaving eBay.

The problem is compounded by Mr Donahoe's ignorance and disregard for eBay's past. History proves that eBay's most active buyers also happened to be eBay sellers. Constant policy and system changes continue to alienate sellers and as those disgruntled sellers leave, they also cease buying as well. 

Mr Donahoe once publicly dismissed unhappy eBay sellers as "noise". The statement fully illustrates the disregard and disdain Mr Donahoe holds for his own fee paying customers.

This alienation and erosion of sellers fully explains why eBay sales are steadily declining while other sites like Amazon have seen consistent and significant increases. Previously Mr Donahoe has dismissed eBay's declining sales on the state of the economy. Mr Donahoe's excuse is no longer valid as eBay seems to be the only online retailer that is seeing traffic statistics decline and gross sales shrink.

The problems at eBay have been created from within eBay and come from the top. The problems at eBay continue because eBay fails to see the site's issues have been self created by a CEO that grossly disregards the essential fundamentals that enabled eBay to become the one time online sales leader.

The company is in desperate need of new leadership and management.

[downeyas]

Congratulations Devin Wenig; you will be a fantastic CEO of the new eBay

This is on the twitter page of john donahue  - https://twitter.com/Donahoe_John

Thought I had read in another thread that Mr D was leaving - their is a god after all lolol

[chameleon54]

Just had a look at the twitter account you linked. Ebay sellers will be pleased to know, the previous CEO David Donahoe, has just met POTUS and other CEOS at the Whitehouse for a conference on helping the unemployed (  quote "everyone deserves a chance" ). Just wondering if this is all of the small ebay sellers he has driven off the site and who are now unemployed that he,s thinking of.  I,m sure they will be comforted to know hes available to help. 

[i-love-my-sheep]

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@chameleon54 wrote:

Just had a look at the twitter account you linked. Ebay sellers will be pleased to know, the previous CEO David Donahoe, has just met POTUS and other CEOS at the Whitehouse for a conference on helping the unemployed (  quote "everyone deserves a chance" ). Just wondering if this is all of the small ebay sellers he has driven off the site and who are now unemployed that he,s thinking of.  I,m sure they will be comforted to know hes available to help. 

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AWWWW, I just got that gooey, warm, fuzzy feeling. What a champ! Fancy thinking of the less fortunate like that. He's my hero.

Spoiler

[badbundybear]

GET RID OF THE CEO !!!!!!!!!!!!!!!

[bimberiretrosystems]

WOW, WOW, WOW - thank you so much 4green2000 for posting that list-who ever thought you could come into the ebay forums and find A BETTER SELLING PLATFORM THAN EBAY in the posts-i had never heard of locanto, craigslist i thought was only in the states-pleasantly surprised- THERE IS LIFE APART FROM EBAY!!.

As for that person who said that none of these sites have any traffic-well amazon outdoes ebay anyday in traffic-friends of mine often wondered why the hell i use ebay-all their purchases are on amazon, and ebay does not get a look in-hey i just discrovered another really good website for items over 20 years old-ETSY.

Just for the record i have listed some items on some of those other sites and within minutes have sold over $400 worth of items and have the freedom not to use Paypal.

I didn't realise just how finished ebay is, especially with the changes-so many sellers gone and still so many false buyers here.

However just for fun i will list some items here as pickup only-cross promotion can't be a bad thing.

[bimberiretrosystems]

downeyas-i thinks it's too late now, they can change everything back to how it was but too many people are lost/have left/leaving-i have seen the grass on the other side and the grass is much greener.

I must thank ebay for providing me the motivation to sell online, instead of local markets, but geez a massive thanks goes to that forum poster who provided that list.

[4green2000]

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facebook

craigslist

trading post

gumtree (ebay owned)

amazon

locanto

quicksales

your own web site etc etc etc.....

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Can anyone else ad to this list above?

[bimberiretrosystems]

facebook

craigslist

trading post

gumtree (ebay owned)

amazon

locanto

quicksales

Etsy

Allbids

Allclassifieds

Bidmate

[4green2000]

pitty i cant make this winking smiley bigger..

[housewivesofsydney]

It is taking me time to build up my website using facebook and social media but I am driven by the desire to move on from Ebay...  I am so disappointed with how this business is currently being run... I hope it will improve?