Well. If you were online with me, you were armed with more info (you know, to toot my own horn, and all). I filled you in about eBay's view of their craigslist investment; how they planned to create synergies with Skype; how proud was the company of their 7% of worldwide long distance minutes; how PayPal will soon let you buy used books at your neighbor's yard sale with your mobile phone; and how $3 billion in cash was withdrawn from ATMs via PayPal debit cards. If I had to pick one thing I came away from those hours of watching Meg & team present (I mean, something substantial... I could go on forever about fashion choices but this isn't the style blog) it was that they really believe in their vision and they are fantastic at describing it. I was feeling a little scared off by the stock's rich price, but after listening to Meg, Bob, and the Skype and PayPal execs tell me about how they're going to change the world? Boy do I want to be along for the ride.
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FeedeBay after the bell 05-04-06: Meg promises much, investors unimpressed
Well. If you were online with me, you were armed with more info (you know, to toot my own horn, and all). I filled you in about eBay's view of their craigslist investment; how they planned to create synergies with Skype; how proud was the company of their 7% of worldwide long distance minutes; how PayPal will soon let you buy used books at your neighbor's yard sale with your mobile phone; and how $3 billion in cash was withdrawn from ATMs via PayPal debit cards. If I had to pick one thing I came away from those hours of watching Meg & team present (I mean, something substantial... I could go on forever about fashion choices but this isn't the style blog) it was that they really believe in their vision and they are fantastic at describing it. I was feeling a little scared off by the stock's rich price, but after listening to Meg, Bob, and the Skype and PayPal execs tell me about how they're going to change the world? Boy do I want to be along for the ride.
Continue reading eBay after the bell 05-04-06: Meg promises much, investors unimpressed
eBay analyst day: all about synergies
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.Skypecasts and Skype Me! are the names of the game: the answer to "how will eBay integrate Skype with PayPal and auctions?"
Everyone wants to hear more from our favorite CEO, Meg Whitman, and she has taken back the stage after lunch. She discusses the integration between Skype and eBay, raves about Skypecasts, and tells the gathered analysts: eBay transactions that allow potential buyers to "Skype Me" sell for twice the sales price of the transactions, that don't. Her keynote address is that "eBay provides your online reputation, PayPal provides your wallet, and Skype provides your online presence." She makes the argument that you will soon be able to take all of these aspects of your "self" with you wherever you go; "the internet will no longer be just a destination, but the fully integrated and ever present part of your lives."
[Tim Beyers from Motley Fool agrees with Meg: in his opinion, Skypecasts are a fantastic justification for Skype's $2.6 billion purchase price.]
eBay analyst day: mobile money with PayPal
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."I'll pay you back next time." How many times have you heard that? PayPal wants to change all that by allowing person-to-person payments via your mobile phone. If you are a PayPal executive and you're buying a case of wine in Napa Valley, no need to tote a bunch of cash -- just let your friend pick up the case on his credit card and you can PayPal him back a couple of bills in the parking lot (before putting the half-case in the trunk of your Mercedes sedan, of course). I'm psyched, because next time I go to the Goodwill outlet, and my friend Larissa and I go diving for funky thrift items to re-sell on eBay, we can combine our loot (it's less per pound the more you buy) and I can pay her back instantaneously. Or how 'bout this: garage sales! It's brilliant. If I could use my PayPal account at garage sales, I'd buy so much more.
This is working now, and a new feature that was just released: text-to-pay. There's a demonstration of how it works; the presenter buys a Walk The Line DVD from his phone with his PayPal account (a UPS deliveryman brings it immediately -- yeah, you're cute, eBay). It's great, but you could already buy that DVD with your cell phone (yeah, you had to call the 800 number and tell them your credit card number, etc. - but still. Not changing the world). You can't use your credit card at a garage sale. Your buddy doesn't have a credit card acceptor when you split the check. That's where PayPal makes a difference, in my opinion.
[Disclaimer: I own a few shares of eBay, and I've been known to sell things on eBay, purchased at the Goodwill outlet, for a profit.]
eBay analyst day: $3 billion in PayPal debit withdrawals
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.]
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