eBay Inc (EBAY) Earns BBB+ Credit Rat...

eBay Inc (EBAY) Earns BBB+ Credit Rating from Morningstar

There are 1 comment on the AmericanBankingNews.com story from Apr 7, 2016, titled eBay Inc (EBAY) Earns BBB+ Credit Rating from Morningstar. In it, AmericanBankingNews.com reports that:

The investment research firm's "BBB+" rating indicates that the company is a moderate default risk. They also gave their stock a three star rating.

Join the discussion below, or Read more at AmericanBankingNews.com.

Since: Nov 13

Sydney, Australia

#1 Apr 22, 2016
“There are a lot of questions out there and I don’t have any of the answers,”—eBay CEO Devin Wenig, Goldman Sachs Technology And Internet Conference, 10 Feb. 2016.

Notwithstanding the otherwise constant stream of disingenuous and delusional nonsense that flows from eBay/PayPal, the share price history of these two clunky operators demonstrates the reality:

Aug 2007:(pre John Donahoe) EBAY ~$40; AMZN ~$40;
Jul 2015 (pre eBay-PayPal split): EBAY ~$66; AMZN ~$480;
Jul 2015 (post-split): PYPL ~$37; EBAY ~$28; AMZN ~$530;
Currently: PYPL ~$39; EBAY ~$24; AMZN ~$622—LOL

PayPal is standing still, and eBay has for years been effectively going backwards—at a steady rate of knots.

And, notwithstanding the "spin-off" of PayPal from eBay, eBay and "PreyPal" remain effectively joined at the hip—for at least the next five years—and anyone that thinks otherwise is simply uninformed; and, thanks to a continuation of most of the destructive policies introduced over the eight year reign (2007–2015) of the "Pain from Bain", John Joseph Donahoe II, the eBay marketplace is continuing on its slow journey down the toilet; nevertheless, during Johnny Ho's occupation of the eBay corner office, this cretin and his gang of hand-picked Keystone Kops still managed to obtain for themselves massive, unearned, "performance" bonuses—while the company's "long" shareholders received not one penny.

PayPal's one-time adoptive parent, eBay, is likely the most unscrupulous commercial entity operating on this planet; but, have no fear, eBay is an equal-opportunity fraudster; demonstrably, they will knowingly aid and abet the defrauding of buyers by unscrupulous eBay merchants who bid on their own auctions, and, conversely, of honest sellers by unscrupulous buyers—as long as there is a financial benefit in such fraud for eBay.

eBay's auction format has been atrophying ever since 2008 when the cretinous Johnny Ho further anonymized bidder IDs to better hide, and further aid and abet, demonstrably rampant shill bidding fraud on consumers by unscrupulous sellers. As time has passed, fewer and fewer people remain naďve enough to still believe that, contrary to its claims, eBay has ever had any intention of protecting consumers from such rampant auction fraud—from which eBay profits. And then, a few years ago, eBay raised their final valuation fee (FVF) to 10%, and also removed the fee tiers that moderated the fee paid on higher value items. And so, eBay as a whole has likewise, and deservedly, continued to atrophy.

In early January eBay invited consumers to auction their unwanted Xmas gifts on eBay. And, if you didn't know what your unwanted gift may be worth, eBay's advice was to start the auction at 99c and watch the fun—as your item likely sold for 99c—always presuming you weren't bidding on the auction yourself (and assuming that you or anyone else was able to find the listing in eBay's manipulated search), in which case you would likely finish up buying it yourself; but that's OK with eBay too; they don't mind whether the sale is real or faux, as long as they get their final valuation fee.

The eBay executive suite—where the incompetent mingle with the disingenuous, the unscrupulous, the malevolent and the outright criminal, and the just plain stupid.

For a detailed analysis of the ugly reality of eBay’s demonstrable, calculated, facilitation of endemic shill bidding fraud on consumers on its auctions marketplace—Google "Shill Bidding on eBay: Case Study #5"

And, goodbye clunky PayPal—it's not been nice knowing you either—Google "Retail Payments: The Reality"

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