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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: , , , , ,

Colorful Ebay

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:

I was right! Skype’s writedown by EBay was fake… We should start a class action! April 2, 2008

Posted by deminvest in ebay, goog, Google, growth stock, Internet stocks, investment, low cost, nasdaq, Nasdaq stock, Single stocks, stock I own, stocks.

Horrible things happen all the time to us small investors. This one makes me totally angry, because I have seen it come:

  1. On October 17 2007 Ebay posts a loss of $936 million for the third quarter loss because of Skype’s $1.39 billion write-down: someone at EBay said that $4.1 Billion paid for Skype was too much.
  2. My EBay shares tumbled 17% in a month because of that write-down
  3. On November 16, 2007 I posted on this Blog: “EBay, you don’t fool me! Everybody is selling because EBay posted losses for the first time since 1999… There is just a little detail: those losses don’t exist! Those losses were written by someone on some piece of paper to fool someone else.”
  4. In March 2008 Ebay reached -33%, losing a third of their value since October
  5. Today we read that Google wants to buy Skype at a price between $5 Billion and $6 Billion. Much more than the $4.1 initially paid by Ebay for Skype. I was right! The write-down was totally fake. Skype had increased its value as I demonstrated in November. The fake write-down cost Ebay shareholders billions of dollars. It was fake. I wrote it. Whoever is responsible for the idiot writedown should pay.
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