eBay Sellers say Greedy Meg and Bill the Clown must go, bring in new management

[mandy]

Article in Today's Wall Street Journal, subscription required or you can read it on the eBay message boards

Despite a recent swoon in eBay Inc.'s share price, Wall Street seems willing to give Chief Executive Meg Whitman the benefit of the doubt. EBay's merchants beg to differ.

Some of those who sell merchandise through the Internet auctioneer's Web site recently have called for drastic action and management change at the San Jose, Calif., company. They are particularly upset at the deterioration in the company's flagship auction site, where they say they are seeing fewer transactions and declining sale prices.

"EBay's core [auction] performance is suffering tremendously," says Steve Grossberg, a longtime videogame seller on eBay. He says he now lists an item four times on average in order to sell it, up from two listings two years ago. Adds Andy Mowery, an eBay seller of home and garden gear: "It is time for new leadership at eBay."...

subscribers: http://online.wsj.com/article/SB11561234..._investing

non subscribers (post 3): http://forums.ebay.com/db2/thread.jspa?t...2000203806&tstart=0

[xppman]

I read that last night.
IMO the Wall Street guys may now be in the same denial many
ebay merchants (or x merchants) have been in for quite some time.

It's always hard to let go of what one perceives to
be a good thing and some of the investors
apparently just want to believe what they want to believe.

Can you imagine paying top dollar for that stock and buying
thousands of shares before... that if you sold now, you would
lose potentially millions or hundreds of thousands of dollars on today?

Sure hold on to it some more... 
it's going to go way back up..
and you may get close to breaking even when your broker
tells you time to sell.. 


NOT

[mandy]

Blogging Stocks has some commens on the WSJ article:

When I saw the headline of this article, EBay Merchants Seek Management Change, I was sure it was just another article along the same line in our growing list of posts here at BloggingStocks about sellers being angry at higher fees, sellers angry at lower store visibility, sellers angry at how management treats them.

Reading the article, however, I was surprised to see that the sellers mentioned in the article, conversely from what I've been reading so far, don't seek management changes due to the reasons mentioned above. They seek management change due to "the deterioration in the company's flagship auction site, where they say they are seeing fewer transactions and declining sale prices."...

full article: http://www.goog.bloggingstocks.com/2006/...nts-heads/