Today is eBay's Analyst Day, and we're watching the webcast to glean any important bits of info
for you. Stay tuned for more throughout the afternoon.eBay is really three brands now: eBay, Skype and PayPal. The PayPal team is on now, and after an introduction by a hugely pregnant woman whose presentation was excellent (but I was in such admiration of her belly that I had a hard time focusing), we got some numbers. This one was interesting to me: $3 billion has been withdrawn using PayPal debit cards.
I have a PayPal debit card, and I can't tell you how nice it was to be able to use funds from eBay sales instantaneously (to buy coffee at Starbucks, naturally). This figure really illustrates how widely the PayPal service has penetrated the interperson payment marketplace.
[Disclaimer: I own a few shares of eBay, and have been known to buy groceries, lattes and glasses of yummy red wine with my PayPal debit card.]
Closing Bell: Economic Catapult for Thanksgiving & Black Friday (WMT, TGT, GRMN, GOOG, MSFT)
Deere up on Q4 earnings performance
Reid Hoffman: LinkedIn will go public (at some point)
Reader Comments (Page 1 of 1)
5-04-2006 @ 4:41PM
Rick Hoffman said...
It would appear that good old Meg is quite comfortable with the stocks price near a 52 week low with a market that is near the top. I would not want corp ecexs to tell anything but the truth, but the bunch at Ebay doesn't seem to want to place any enthusiasm about the company. Also, as dynamic as the online auction field is, it seems as though innovation has taken a backseat at Ebay. The only solution that I can see is a shake-up in management with the addition of a more dynamic and compelling CEO. I think it's time for Meg to take a rest!!!!