Short Sellers Target Ebay's Sliding Shares

[mandy]

A sell-off in shares of online auction company eBay Inc.  this month has caught the attention of Wall Street's most bearish traders, the short-sellers.

California-based eBay has tumbled as much as 5.5 percent since the start of March and may decline even further because in February the company predicted increased competition in the United States and in key growth areas such as the Asia-Pacific region, short-sellers said...

"A lot of people on the street have their eyes set on Google after their mishaps, but the truth is that eBay is one of the best short-selling trades in place these days,"...

full article: http://www.washingtonpost.com/wp-dyn/con...01499.html

[jezebel]

increased competition in the United States and in key growth areas such as the Asia-Pacific region

increased competition in Voip too. 

[mandy]

A related article:

...shares of eBay are down 12 percent this year following last year's 26 percent decline. Though eBay's net profits and sales were both up 39 percent last year, its forecast for the beginning of this year wasn't as robust as analysts had hoped.

The many businesses of this maturing company face growing competition from the likes of Google (even though Google recently said it doesn't intend to compete directly with PayPal), Amazon, Yahoo, Comcast and Time Warner. Customer-service complaints and increased fees have prompted some users to sign up with rivals.

In addition, its purchase of Skype didn't wow Wall Street, which thought it was expensive and noted that not all past acquisitions succeeded...

full article: http://www.orlandosentinel.com/business/...-headlines