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.