http://online.wsj.com/article/SB123257451678903687.html
Today E-Bay announce that their 4th quarter profit fell 31%, this is the first time in E-Bay's history that they did not have a quarterly growth in profit. E-Bay's CEO John Donahoe, contributed this decline to the slowing world-wide market. I think that using the grave condition of the economy as a reason for the decline is an easy excuse.
In this article they go on to say that E-Bay is losing sales to Amazon and other online sites that prodived fixed prices for their products. I like Amazon a lot for then E-Bay because of it's fixed price feature and the prices are in most cases lower are lower on Amazon. You also deal directly with Amazon for shipping and dont have to worry about not recieving your product that you bought.
Overall, I think that E-Bay's sales will increase but the competition is catching up to E-Bay.
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