eBay might be the next Yahoo, as its core business continues to fall apart. The current share price of eBay is almost what it was in the mid of 2003. The company has been facing excessive competition, erosion of market share due to over pricing, competition in different emerging economies of the world since past couple of years, but the current economic crisis might prove to be the final nail in the coffin.
Yes over pricing is part of thier decline, but primarily the big nail in the eBay coffin would be all the changes over the past year… They have people working for them now who have never even sold on eBay and they are making the decisions without having a clue how things work. Look at how many long time PowerSellers have left, are in the process of leaving or planning to leave after the holiday season! With the economy the way it is eBay should the on top… it used to be the place where you could the best deals… not any more
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