So we're moving from meme-stocks to meme-mergers now. Surely a sign of a healthy market.
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The majority of the proposed cost cuts would be in eBay's sales and marketing operation, where Cohen said he planned to lower spending by $1.2bn.
Cost-cutting just for the sake of cost-cutting doesn't lead to long-term profitability.
Does anyone actually use eBay anymore? I just avoid it now unless I have no other choice. I don’t know of anyone who hasn’t had multiple terrible experiences and then said that eBay just didn’t give a shit.
I use eBay. I've been using it for years. I perhaps put more effort into it than other people, as I check out every seller before purchasing. And I never buy from outside the US.
I've only had a couple bad experiences - like the time I ordered an encyclopedia and received a single volume or the time I got a flash drive that didn't work (pretty good failure rate, considering I've been using eBay since 2013ish) - both times I got to keep the (mostly useless) item and I got a refund.
Ebay banned me instantly when i sold a gpu a few years ago but when i opened an account just to buy shit I haven't really had a problem with ih. They never even explained to me what the ban was for either, something about a TOS violation but they wouldn't say what the violation even was
I don't really use it for buying since I have the impression that it's all just cheap tat, which is maybe not entirely fair, or maybe it is. And I don't use it for selling because their policy of almost always siding with the buyer by default in any dispute makes it too easy to be taken advantage of - unless they've changed that recently in the last few years while I wasn't looking. And regardless, selling anything is quite expensive.
So I don't really find it to be useful. I'll use gumtree or freecycle etc before ebay.
I plan to use it to buy a used gpu and some other things.
GameStop makes $55.5bn takeover bid for eBay
Would have been a way better headline in this context
Bezos supposedly shorted GameStop to remove a competitor. He achieved the opposite.
"The truth is, we are not necessarily putting two strong companies together," Kodali added.
That's putting it mildly.
Is ebay doing badly?
It's got negative growth potential for the most part after it got retail chunks taken out of it by those with actual warehouses and logistics chains.
Is GME doing badly?
At least as a game store, yes.
This would be laughable in any remotely functional economy. I believe it actually has a chance of working in this one. They'd totally fuck eBay just like ThinkGeek, too :(