AOL Money & Finance

seller posts

Feed

What is eBay doing? Well, let me tell you...

I'm actually finding the cries of anguish coming from eBay sellers a bit amusing these days. Yes, in my opinion they're getting what they deserve over on eBay (NASDAQ: EBAY).

Why do I say that with a cold-hearted grin you may ask? It's because I did my part so long ago. Yes, we had a seller's strike once before, and it was a pretty damn good one. It didn't work then either, or at least it didn't change any eBay corporate minds in reference to anything that matters.

So now eBay has raised fees again. I don't need to say I told you so, but I did. This time though there's a significant additional angle to the rift. Due to pending changes to eBay's feedback system, sellers could be left defenseless in the face of potential deadbeat buyers, four of which have struck my wife's eBay selling account in the last week. It's great service to eBay's vision and it's easy logic to grasp and accept if you have insight into eBay's plans.

Continue reading What is eBay doing? Well, let me tell you...

eBay announces eBay Express -- a new service for non-auction shoppers

Today eBay officially announced its much-anticipated new service, eBay Express (read the release). From what I can tell (I haven't tried it yet myself), it is essentially a separate site for customers who are looking for new stuff and not only want to skip the auction process, but want to buy from several different sellers all at once. Only "qualified eBay merchants" are allowed to sell from the site. That should provide users some assurance that what they buy will actually arrive and be in the condition they expect.

Bill Cobb, president of eBay North America, explained the goal pretty clearly in the release, "eBay Express is for buyers who prefer a more conventional online shopping experience," he said. "We think eBay Express will attract new buyers to eBay and inspire existing buyers to use eBay even more."

I think eBay Express is a good idea and I plan to use it (I'll write about my experience here). But for investors, I want to point out that this is a major new step in eBay's evolution of becoming an e-commerce retailer -- not an auction site.

Here are some quick observations on the significance:

 

Continue reading eBay announces eBay Express -- a new service for non-auction shoppers

Symbol Lookup
IndexesChangePrice
DJIA-154.4810,309.92
NASDAQ-37.612,138.44
S&P 500-19.141,091.49

Last updated: November 28, 2009: 08:49 AM

BloggingStocks Exclusives

Hot Stocks

DailyFinance Headlines

Latest from BloggingBuyouts

WalletPop Headlines

AOL Business News

BioHealth Investor Headlines

Sponsored Links

My Portfolios

Track your stocks here!

Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

BloggingStocks Partners

More from AOL Money & Finance