eBay after the bell 9-19-06: The Yahoo! effect


What I really wanted to post about today was eBay's new section, My World (via eBay Strategies). I wanted to talk about the potential of this MySpace-style section. I'm saying potential, because it's not working yet and I wanted to tell you how I think this could be a great evolution for eBay. But now this will have to be a post for another day.

I also prepared a bunch of weird auctions I just happen to stumble upon today. You know, auctions like the top secret Tickle Me Elmo, or the the marriage certificate of fascist dictator Benito Mussolini, or the Saddam.com domain name auction.

But no, Yahoo! had to steal the show. And by that I mean that Yahoo! Inc. (NASDAQ:YHOO), following a warning that its revenue would probably be in the lower half of its forecast for Q3 due to online advertising growth weakness, not only plunged nearly 13% but also pulled other companies down along with it. Namely Google Inc. (NASDAQ:GOOG) and eBay.

Consequently, due to concerns this could be a precursor to a broader trend and that macroeconomic forces could be impacting Internet stocks, eBay Inc. (NASDAQ:EBAY) shares shed 3.32% of their value, down 89 cents to close at $25.95.

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Last updated: February 13, 2012: 02:27 PM

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