Ebay spends cash mountain

eBay spent a socking $1.3billion on two recent acquisitions.

BillMeLater is an instant credit company to fit alongside Market leading PayPal and cost $945m

Denmark’s leading classified site DNA.dk and related sites cost $390m.

Skype is now diplomatically being sidelined from core strategy.

But job cuts suggest that eBay has a challenge and may have gone, as the analysts say, ex-growth. Hence job cuts of 10% of staff announced with quarterly numbers.

I love a jumble sale and can only think the Credit Crunch will be good for eBay.

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