Posts Tagged ‘online auction’

eBay at Crossroads – Turn Around or Break Up

Monday, June 28th, 2010

It amazes me that a company like eBay, that pioneered the whole concept of online auctions, can be in so much trouble just a few years later (sounds like they’ve had CEO problems.)

eBay CEO John Donahoe

The thing about corporate turnarounds is that they’re supposed to turn a company around. As in 180 degrees. They’re not supposed to stop halfway and let the company drift sideways. But something like that is happening to eBay: Its long, slow turnaround is, well, turning flat.

For the past couple of years, the online marketplace and payments company has been engineering a return to growth under the guidance of CEO John Donahoe, who took over from Meg Whitman in March of 2008. Donahoe embarked upon an aggressive and risky effort to transition eBay from an auction house for garage clutter to a marketplace centered on larger sellers and fixed-price goods like bulk inventory.