While I’m not claiming this is in response to my post of a couple of days ago, but clearly things are in turmoil at ebay with some management shuffles, etc. The market does not seem to have responded well to ebay’s decision to put a wall around paypal. See techcrunch story.
Bad decision, poorly communicated in my estimation. It will be interesting to see how ebay attempts to recover. Will they reverse positions? Ist seems inevitable but how long will they wait? I can imagine the discussions going on right now. When they do reverse positions, what justification will they offer for making the original decision and what conditions will they claim have changed that justify a reversal. Being painted in a corner is what I call it.
