• By Owen Thomas
    Apr 16, 2008 5:00 PM 363
    more about

    #johndonahoe

    How eBay Surrendered Its 'Religion'

    Why founders win

    eBay would like you to forget about Skype now
    read more: #earnings, #johndonahoe, #ebay, #paypal, #skype, #valleywag

    Everything but auctions boosts eBay's bottom line

    Recently anointed eBay CEO John Donahoe thumped his chest over the auction giant's first-quarter earnings. He praised a "diverse portfolio of businesses" as revenues jumped 24 percent to $2.19 billion and earnings rose 22 percent to $459.7 million. The problem: Younger businesses like Skype and PayPal aren't as profitable as eBay's core e-commerce business, which is why profit margins dropped. [WSJ]


    Contact information for this author is not available.