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EBay lays off 2,400 after earnings tank
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<p>[QUOTE="desertgem, post: 2070877, member: 15199"]I do not see any long range problems with eBay as a company due to a 7% possible layoff. They are just a few dollars off of the 2 year high even after that announcement. I think the reason this thread has continued isn't what is going to happen to Ebay as a company, but likes/dislikes of individuals who for the most part aren't going to leave them in any manner. Some may say they are 'never' going to use eBay and mean it, but try to find a safer, less expensive way to have a transaction. They are trimming operations and possibly tightening up cash flow to start another business opportunity to compliment/replace PayPal, but it is hard to fear for a 70 Billion dollar company with a PEG ratio of 1.64, and about 10% yearly earning growth; it is hard to argue its success. It isn't going broke, it grew beyond its infrastructure and I would suspect it might try a few tweaks, but mainly feels it is on the right track with its policies. If I owned the stock I certainly wouldn't sell it at this news.[/QUOTE]</p><p><br /></p>
[QUOTE="desertgem, post: 2070877, member: 15199"]I do not see any long range problems with eBay as a company due to a 7% possible layoff. They are just a few dollars off of the 2 year high even after that announcement. I think the reason this thread has continued isn't what is going to happen to Ebay as a company, but likes/dislikes of individuals who for the most part aren't going to leave them in any manner. Some may say they are 'never' going to use eBay and mean it, but try to find a safer, less expensive way to have a transaction. They are trimming operations and possibly tightening up cash flow to start another business opportunity to compliment/replace PayPal, but it is hard to fear for a 70 Billion dollar company with a PEG ratio of 1.64, and about 10% yearly earning growth; it is hard to argue its success. It isn't going broke, it grew beyond its infrastructure and I would suspect it might try a few tweaks, but mainly feels it is on the right track with its policies. If I owned the stock I certainly wouldn't sell it at this news.[/QUOTE]
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