Topic: eBay will go bankrupt in 10-15 yrs, and Bitcoin will be largely to blame - page 4. (Read 4080 times)
May 28, 2014, 08:20:11 PM
If ebay fails as a business model it will fail because of outrages fees, a broken feedback system, or a competitor, not because of a currency.
May 28, 2014, 08:04:38 PM
yeah they peaked and arrived at the top probably in the mid or early 2000's, and since then they've either sought to buy out competition (like craigslist) or stifle it. on top of that, they charge exorbitant fees to sellers and protect the buyers, so there will be less incentive for using them.. and i'm glad for this. taking 13% of the revenues is ridiculous.
May 28, 2014, 07:57:54 PM
Nice. Ebay completely blows atm. Charging 10% fees for everything plus Paypal fees, Paypal 21 day funds hold, and Ebay "Indefinitely suspended" my account for selling digital currency. I hope they go bankrupt this year.
May 28, 2014, 07:52:32 PM
If you think so then short the stock
May 28, 2014, 07:27:30 PM
Bitcoin will not be the only factor, but it will be the main factor. Ebay has to deal with companies like Alibaba, Amazon, and now possibly Apple taking market share from it. They don't innovate and they won't innovate/change their PayPal unit because they're too scared. It has been suggested that eBay incorporate bitcoin, but they won't do that because bitcoin is still in its early stages. By the time bitcoin expands and is widely used PayPal will be unable to take the lead in digital currencies. This is without the hacking revelations that recently surfaced, which are likely to get worse. I used to like Ebay, but they charge fees that make resorting to bitcoin look like heaven. Their stock has lagged too in 2013, where everything went up. Bitcoin won't be the only factor in their demise, but it will be the main one.
Article that explains this in detail: http://www.panture.com/why-bitcoin-will-force-ebay-to-go-bankrupt/
Article that explains this in detail: http://www.panture.com/why-bitcoin-will-force-ebay-to-go-bankrupt/
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