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How eBay Can Have $3 Billion in the Bank and Still Be Broke
New York, 11:55 AM
Mon Dec 7
26 posts in the last 24 hours
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04/13/09
Unloading StumbleUpon and Skype is probably more of an admission that these were distractions from their business than a desperate search for cash. With the exception of PayPal, eBay has never really done any good with their acquisitions (Rent.com, shopping.com, half.com, land auctions like Kruse, etc.) from the standpoint of effective integration or growth. I can't think of one other time one of Meg's acquisitions paid off or resulted in the expected "synergies."
Just cleaning house after Meg Whitman f'ed up the place.
04/13/09
04/13/09