According to the authors quote of 14 per cent share of global ecommerce.
That puts ebay at even less than the previous 25% I've heard and read about.
Wall Street and investors have good reason to be leery of ebay.
In the segment titled THE CASE FOR FUTURE GROWTH.
John Donahoe, president of eBay Marketplaces does just like
Meg or any of her other henchmen who are looking more and more
like top executives of the now defunked Enron and Worldcom. IMO
They blow smoke up the investors a$$es in these presentations.
Quoting erroneous numbers like 105m paypal accounts.
This is simply not true according to ebay's own SEC reports.
Even the mechanisms and criteria they use
to come to these numbers seem flawed and should be look at
as possibly fraudulent and false statements made by
ebay executives to their stockholders,
all in an apparent effort to keep stockholders from bailing on them.
It's one thing for a company to try and keep focus on the positive.
But when they straight out lie or miss quote true numbers
to the people they are trying to get to invest or keep investing?
Something is VERY VERY wrong.
I still do not understand why the SEC the FTC and the US AG's
office have not launched full investigations into eBay's
accounting and reporting practices as well as other areas of possible law violations.
Perhaps it is as many in the US already feel.
Our government officials are corrupt to the point that no one in
any official capacity anymore will stand up, investigate
these mega companies and enforce the laws of the land.
Last time I checked fraud was still fraud and ebay officials
out right lying to investors is fraud.
Hey didn't Martha Stuart end up in a jail cell
just for lying to an investigator on matter concerning
publicly owned stock she had a stake it?
I'll say it again:
Wall Street and investors have good reason to be leery of ebay.
Quote:, its [PayPal] user base has jumped to 105m, compared to 73m at Amex.
1) Only 29 million of PayPal's 105 million [cumulative] registered users are active members according to eBay's latest SEC filings.
2) AMEX users must pay an annual fee. If they don't pay their membership is cancelled. Therefore using eBay's definition of an active member,
all 73 million AMEX members are active users.
The Reality- AMEX has 73 million active users vs. PayPal's 29 million active users.
Ahhh yes but here is where the smoke blowing comes in.
eBay's "definition" of an active member CHANGES
when it refers to PayPals numbers.
With PayPal ebay is counting ANYONE that sent or received at least
one payment through the PayPal system during the quarter.
Whether registered or
not.
Thus the erroneous 105 million count.
Pretty slick accounting / reporting wouldn't you agree?
To me this is downright disingenuous and fraudulent.
