Ebay Not Looking Too Good

Panasonic Products at FactoryOutletStore

"The world’s largest Internet marketplace, eBay, reported a whopping profit on Wednesday spurred along by strong growth from PayPal online payments, StubHub, Skype, classifieds, and advertising as well overseas auctions. But its weaker-than expected forecast for 2008 sales and profit sent shares tumbling, overshadowing the departure of long-time Chief Executive Officer Meg Whitman."

It seems Ebay has already peaked in terms of success and is now on the way down. They have enjoyed years of prosperity but now lack the innovation to keep the momentum. With other auction sites springing up everywhere and VOIP available with different software packages Ebay and SKYPE are no longer the industry leaders. They need to come up with something original to be able to stay on top of the industry.

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Farm dogs maul Irish Tourist

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