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: idiots, John Donahoe, Meg Whitman, ripoff, skype, Skype writedon write-down
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.
My boring March investment: I loaded 80 more Ebay shares for $994.4 March 30, 2009
Posted by deminvest in Defensive Stock, ebay, growth stock, low cost.Tags: Blackberry, Iphone, Paypal, skype, VOIP
1 comment so far
I wrote so much about Ebay, that I don’t have more to say. What may be interesting is today’s P/E around 8 and the fact that, from Thursday on, Skype will work on Iphones, Blackberries and Android.
Paypal and Skype are reinforcing their leadership in the fields of online payments and VOIP.
That why today I spent $994.4 to buy 80 more Ebay shares at a price of $ 12.43 each
I can’t wait to see people using their Iphones to hookup on a wifi network and fool those mobile phone companies to call for free on skype!
I may even want to buy an Iphone to call for free on skype and, after each call, use the money I save to drink a good beer paid by hated Telcoms!
Democratic Investments by the people for the people 