BitBlotter: Chinese Bitcoin Conference Draws a Crowd; BitPay Raises...

There are 2 comments on the May 15, 2014, Minyanville story titled BitBlotter: Chinese Bitcoin Conference Draws a Crowd; BitPay Raises.... In it, Minyanville reports that:

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Since: Nov 13

Sydney, Australia

#1 May 16, 2014
"Meanwhile, eBay CEO John Donahoe had positive comments about digital currencies."

Where was that?

"We think Bitcoin will play a very important role in the future. Exactly how that plays out, and how we can best take advantage of it and enable it with PayPal, that's something we're actively considering. It's on our radar screen."—Johnny Ho, eBay 2014 AGM …

In other words, he hasn’t got a clue; then …

"We are blessed with a business model that if we deliver for all our buyers and sellers, our marketplace produces profitability and cash flow,…
"I think an important move we made several years ago is now, eBay doesn't succeed unless you succeed. If you don't sell, we don't get anything. And I think that's an important move where our fees, our take rate, our revenue, our profits only occur when sellers like you all over the world successfully sell something."—eBay’s Johnny Ho …

If sellers don’t sell, eBay doesn’t get anything! Wow, what insight Johnny Ho has finally developed …

And, why do you think that eBay is thinking about repatriating all that buried treasure from overseas? Because they want to demonstrate their patriotism by paying some U.S. tax thereon? Not likely! More likely, simply because the eBay balloon is starting to deflate and they now need the cash to fuel the hot air generators to try to stop the stock price from collapsing and, apparently, to try to buy some more petty sellers/buyers at $15/head ...

And, of course, eBay and “PreyPal” should stay together, for without “PreyPal”, eBay’s revenues would be atrophying at an even faster rate; regardless, they should stay together and comfort each other as they both continue on their journey down the toilet …

http://www.ecommercebytes.com/cab/abn/y14/m05...

The “What eBay Delivers to PayPal” pie charts slide shown at the 2014 AGM clearly demonstrates the dependence of “PreyPal” on the eBay marketplace; it indicates that whereas >30% of PayPal’s revenue comes from eBay transactions,~50% of PayPal’s profit comes from those same eBay transactions; the remainder, of PayPal’s off-eBay, on- and off-line operations, are therefore problematic—as one might expect from such a clunky operator when it has to stand on its own feet. Further, all the indications are that “off-line”, at Home Depot et al,“PreyPal” is stillborn, and the subsidization of such off-line installations a total waste of eBay shareholders’ funds—LOL …

And, you know things are getting desperate when one of the “Reverends” is invited to address the congregation …

eBay Inc, where the incompetent mingle with the malevolent and the criminal ... http://bit.ly/11F2eas

Since: Nov 13

Sydney, Australia

#2 May 16, 2014
eBay goes “back to the future”—live auctions, again?
http://www.ecommercebytes.com/C/blog/blog.pl...

Too funny! Yet another indication of the desperation being experienced in the eBay executive suite and board room. You can smell the necrotic flesh from all the way over here in Australia; radical surgery, starting with an urgent Donahoectomy, is the only hope for saving this very unwell patient, otherwise it’s off to the palliative care ward next …

And, has Invaluable done any due diligence on this partnership, or have they been simply absorbing the disingenuous nonsense that constantly suppurates from the eBay Dept of Spin and therefore have no idea of what a bunch of hopelessly incompetent cowboys they are getting involved with?

And, when is eBay’s sleeping BoD finally going to wake up and accept that the “Pain From Bain”, Johnny Ho, is their real problem? Probably never, at least not while they, and the senior executives—in the form of (unearned) performance bonuses, are the only ones taking home any cash/benefits from eBay.

Notwithstanding that the eBay Dept of Spin likes to claim a “400% increase” in eBay’s share price since the GFC, just what does the "smart money" on Wall Street think about eBay? Well, the fact is, in August 2007, prior to the GFC, when the "Pain From Bain", Johnny Ho, was already effectively in control of eBay, the share prices of eBay and Amazon were both ~$40; with eBay recently ~$51 and Amazon ~$303, clearly, Wall Street (now) considers eBay to be a "dog", and Johnny Ho to be a very poor dog handler ...

eBay Inc, where the incompetent mingle with the malevolent and the criminal …
http://www.ecommercebytes.com/forums/vbulleti...

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