John Paczkowski

Recent Posts by John Paczkowski

Investor Feedback for eBay: Awful Seller. Would Not Buy From Again. F-.

The deepening recession is playing havoc with eBay’s now nine-month-old turnaround strategy. While the company beat Wall Street’s lowered expectations for its third quarter Wednesday, it also updated it’s guidance to better reflect “current business trends.”

And “current business trends” being what they are, that guidance falls somewhere between lousy and repellent. In other words, eBay (EBAY) believes its full-year revenue will fall short. And with a 1 percent year-over-year drop in gross merchandise value–the total value of all goods sold on the site–during the quarter, there’s little reason to question that forecast. “These are turbulent times for which no one has the perfect playbook,” said eBay CEO John Donahoe. “There is a high degree of economic uncertainty and turmoil in the business market and that is impacting consumer spending.”

Impacting eBay’s stock too. Shares in the company have lost more than half their value (54 percent) since April.

Twitter’s Tanking

December 30, 2013 at 6:49 am PT

2013 Was a Good Year for Chromebooks

December 29, 2013 at 2:12 pm PT

BlackBerry Pulls Latest Twitter for BB10 Update

December 29, 2013 at 5:58 am PT

Apple CEO Tim Cook Made $4.25 Million This Year

December 28, 2013 at 12:05 pm PT

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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work