posted on December 20, 2000 04:56:05 PM new
CNN has been featuring a week-long special on its Moneyline program, called "dot-com crash" -- which has been analyzing (~7-10 minutes per day), the boom and bust of the dot-coms, from the hype to the collapse of some stocks. eToys featured heavily yesterday and Priceline today. In the clips advertising tomorrow's segment, Meg Whitman was shown speaking for eBay, apparently in the context of a potential dot-com survivor.
I don't know how much of tomorrow will focus on her and eBay, and any interview-related clips will likely be from previous spots, but this forum is the place for all things eBay, so I'm mentioning it.
Moneyline starts at 6:30 PM EST, but the actual "dot-com crash" segments start somewhere between 7:12 - 7:15. (I'm not affiliated with CNN or cable company. )
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What's being done in the name of direct marketing nowadays is crazy.
The above are all just my opinions, except where I cite facts as such.
Oh, I am not dc9a320 anywhere except AW. Any others are not me.
Is eBay is changing from a world bazaar into a bizarre world?
posted on December 21, 2000 04:33:14 PM new
Saw it. A segment on "dot com survivors" prefaced by 45 minutes of doom and gloom. They made eBay out to seem like gold.
Meg had a few things to say but most of it went in one ear and out the other. A couple of things I got from the report. One, eBay may weather the "recession" because second-hand items retain value better. Two, eBay's success is not based on advertising revenues (and Internet advertising is down).
Meg did pay some lip service to investors by claiming eBay is aggressively going after the bottom line. I think eBay needs to be careful if they are changing or moving into new markets.
posted on December 21, 2000 04:56:28 PM new
On a split adjusted basis eBay stock has fallen from a high of 175 to a current 30 (apx). This is still 7X it's initial price of September 98.
posted on December 21, 2000 05:48:11 PM new
The interesting thing I found is that Meg Whitman said that early next year will be a very good time to buy other "cash starved" dot-coms.
Are they looking for more sideshows like Butterfields or for some auction-related service companies such as Andale, CMGI's Exchangepath or even AuctionWatch? Or is it a major expansion, like they did with half.com, by buying something like... Amazon.com or Yahoo.com? Or some others?
