From one of my many posts:
Wonder why they removed where you can't see how your sales are compared to the 'market'. That was telling.
Was very obvious that eBay was going to crap the bed Q3 with the publicly available information. I called this in multiple posts.
Q4 will be even worse.
These executives are so clueless. They brag about GMV being up 9% compared to the same quarter in 2019. Postage increases alone forced sellers to raise their prices far beyond 9%. Wonder where that GMV increase came from.
This quarterly earnings has confirmed we have a bunch of incompetent clowns that have no idea how to innovate eBay in today's eCommerce world. "Tech-led Reimagination of the Platform" with overpriced sneakers, cardboard, refurbished items and seller funded coupons? Holy hell we have problems eBay.
This company will continue dying a slow death until we get competent executives that get back to focusing on the customer experience. Amazon and Walmart will continue eating your lunch. Better pump that stock price up, cash out and retire quickly before the next economic downturn. P.S. it's closer than you think.
That was hard to predict eBay would have declining buyers and GMV. /sarcasm. Easily identifiable via publicly available traffic reports, analyzing feedback volume and Terapeak. Feel free to look through my post history. I even called them out on removing the market sales widget to show you how you're performing versus the market. That was a clear sign.
Thought Q4 was bad? Q1 will be one of the ugliest quarters eBay has ever seen. eBay has gotten so bad now that just one SKU for me on Amazon sells more than all of eBay combined on any given day.
eBay should know better at this point. eBay doesn't provide much of a competitive advantage over Amazon and Walmart. It costs more to sell here versus Amazon and Walmart with all costs included (fees, shipping, labor, etc.).
You know why they're raising fees? They want you to fund their increased dividend payouts and nice bonuses for the executives despite repeatedly losing market share. eBay doesn't want to reinvest back into the business. They've sold off numerous assets over the past year and most of that has gone into stock buybacks. They think you're stupid.
It's a sinking ship and eBay must fund the life rafts with promoted listings, higher fees, and through forcing you to pay the entire FVF on the sales tax you never see. They profit off of the sales tax collected. They now want to charge you a promoted listing fee on the sales tax collected by eBay now too. Have you noticed a repeat pattern yet folks? Wake up.
I've said it before and I'll say it again ... eBay will continue dying a slow death until they get back to focusing on the customer experience. If you haven't diversified yet you're late, but better late than never.
