EBAY CEO John Donahoe IS IDIOT: IT IS OFFICIAL NOW. BTW… MEG WHITMAN is idiot too May 10, 2011
Posted by deminvest in ebay.Tags: Skype writedon write-down, skype, ripoff, Meg Whitman, John Donahoe, idiots
3 comments
Plain facts that anybody who is not an idiot can understand:
- Ebay bought fast growing Skype at $3.1 B bargain price.
- Skype continued to grow its user base, revenues and earning because it offers great services.
- Today Microsoft wants to buy Skype for $8.5B
Anybody who is not an idiot would have banked those nice $5.4 Billion appreciation.
But Ebay’s CEOs are idiots. This how the managed to blunder the easiest deal of their lives:
- In November 2007 the idiot Meg Whitman wrote off $900M saying they had paid Skype too much. This stupid fake and idiot write-off resulted in Ebay posting its first losses ever. EBAY shares lost 17% of their values in a few days.
- Even worse, in September 2009 the super idiot John Donahoe valued Skype $2.75 billion and he sold 65% of it to various investors among which Marc Andersen.
