This is exactly like the notes we passed in junior high! Exactly! Somebody said something and somebody else scoffed and that one came back and roared and then another one said he didn't get the message. There's nothing new under the sun, but I think Mardou was more incisive way back when ... #skype
Billions of their cash was also spent buying back stock trying to prop up the price (to no avail).
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.
@nirreskeya: That was supposed to be a "just kidding" shorthand between the open parenthesis and the comma, which Gawker apparently both thinks is a tag and is unable to escape.
11/06/09
11/06/09
09/18/09
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