Internet auctioneer eBay has reversed a loss from its third quarter last year, but warned that its full-year revenues would fall short of previous estimates. Net income during eBay's third quarter ending September 30 was $492.2m – a marked improvement over a year-ago loss of $935.6m. The auction site's Q3 2007 finances had …
"and $380 cash for two Danish classified companies."
I'll take four Danish classified companies, thank you.
I'm usually only too ready to join those who slag off eBay for their sneaky policies, greedy charges, dreadful customer service etc. But for a change I'll offer them a little credit where it's due ;
Perhaps eBay are putting some of their profits to good use at last. An email I received from them yesterday indicated that now "When you pay with PayPal, your item will be protected to its full value (including postage) - no more caps, no more seller criteria to keep track of."
There are still numerous exclusions & provisos in the small print (which is comparable in length to the complete works of William Shakespeare, & equally hard to fathom) such as "intangible" items not being eligible - but I must say, this does seem like a step in the right direction.
I actually hate them a little less now ;)
"The company has struggled as of late to retain buyers and sellers migrating to bidding-free sites like Amazon.". True, but the implication isn't quite right.
It's more like "The company has struggled as of late to retain buyers and sellers migrating to lower-total-fee sites like Amazon."
"We took a number of steps during the quarter to further strengthen our business and better align our cost structure to invest and compete."
Compete with who exactly ?