this part 2 of the same post from fearlessrick
<< by: fearlessrick_53
80966 of 80996
4. Their site is virtually unnavigable. The site has very poor navigation. Important areas are difficult, if not
impossible to reach. They do not even have a page listing important email addresses. A no-brianer, but their
lack of having such a page speaks to their lack of overall business sense. There's much more.
5. Enhancing the experience: Their "new" site design was a such flop, they don't even use it. There are so
many holes in their system it's laughable. The absolute lack of a payment system for sellers (like Amazon) is
a huge mistake. They bought a company called Checkpoint, back in May or June. I had experience with that
company, and would not use them, so Ebay buys them, and finds out that they cannot use them - $65 million
down the toilet. A simple way for sellers to accept credit cards should have been their top priority. They're
way behind on that one.
Overall, I think they're in big trouble. They can't manage the business properly with the people they have. All
of this stems from a lack of experience. Meg and Peirre should back off and hand the company over to
seasoned business people. Of course, their lack of experience lends to their not being able to identify the
proper people, so I think they're stuck. They will continue to have problems over the next few years as the
auction space becomes more and more splintered. At some point, Amazon, Yahoo, FairMarket and others
will make significant slices into their market share. They are doomed, and mostly becuase of their own
stupidity. This quarter's earnings of .01 is an absolute failure. They should have put up at least .05, but they
don't have a clue. Meg and Pierre will go down in history as the biggest failures of the internet age. Just
watch.
I sold this stock at 136 last Thursday. Sure I missed this week's runup, but I'll be able to buy back in at 65
or less in December. I probably won't, because it will be worth only $35 in a year. Sell before the earnings
are announced, or you'll get murdered in the next few weeks. Good luck.
Posted: 10/23/1999 7:30 am EDT as a reply to: Msg 80965 by fearlessrick_53
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