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story category EBay To Offer Skype IPO
Limited synergies, ahoy...
(old news - 10:02AM Wednesday Apr 15 2009)
tags: business · VoIP
Tipped by dbmaven See Profile
Proclaiming that there were "limited synergies" between Skype and their parent company, EBay has announced that they're going to be spinning off the communications service through an initial public offering. EBay paid $2.6 billion in October 2005, with the thought that it would make a good companion communications tool for its users. Ultimately, EBay admitted they drastically overvalued the company, have struggled in their ownership role, and had been shopping it around for $1.4 billion. EBay insists Skype is expected to see nearly $1 billion in revenue in 2011. The company has more than 400 million users, and is used in 8% of all international voice traffic.

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Forums » EBay To Offer Skype IPO
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kamm

join:2001-02-14
Brooklyn, NY
·T-Mobile US


4 edits

eBay: one of the most incompetently run firm in 5 years

Seriously: that totally clueless, loser Meg Whitman - McCain's "adviser on economy", whoah!!! Imagine our economy now...! - paid TWO AND A HALF BILLION BUCKS for a company that had ZERO business plan or any prospect to ever have one viable one.... it was mind-boggling for me, she should've been held accountable by the investors.

Then came Donahoe, an even wowrse type of loser: arrogant idiot, who made sure that instead of becoming competitive as the small persons' Amazon in this tough economy (which would've helped it) eBay is now synonymous with "GREED" and "ARROGANCE" thanks to this utterly clueless retards' actions which resulted exactly the opposite: tens of thousands of small sellers were pushed out by price gouging, excessive fees and the removal of seller feeedbacks.

There should be a book in few years:

"eBay - there's no too big to fail!
-
How to fuck up a giant money-making machine while still pocketing insane amount of money for your destructive work?"


As for Skype: the farther they get from these insane losers of eBay the better for Skype.

Skype's ONLY positive thing is its free internet-based services, nothing else.
Video quality is totally shitty in this day and age, their codec is utter crap, interface is cluttered and buggy as hell (OS X) and their international prices are a joke compared to competitive VoIP providers (check Callcertinc's prices for comparison and you get the picture.)

Their only hope is that the European Commission will stand by their word and force parasitic wireless providers to open up the data networks for all sorts of VoIP services - but then again, I don't see how Skype's prices or crappy video quality would be a hit, especially against future competition...

...this pricetag on the tune of $1B-$2Bis a complete joke, I think: "to see nearly $1 billion in revenue in 2011" - that means it would take probably a good 10 YEARS to make your money back, provided you'll enjoy linear growth until 2019...

...nonsense, that is.

--
said by bicker See Profile :

Waaaa waaaa waaaa. You just want what you want and don't care to factor in what is right or true. Your perspectives are un-American, and deserve far more ridicule than I'm prepared to pile on them.

knightmb
Everybody Lies

join:2003-12-01
Franklin, TN
·AT&T DSL Service

Re: eBay: one of the most incompetently run firm in 5 years

I've always thought of Skype as a bad implementation of a good idea. Having free Internet based voice is cool. It's been around since the 80's and dial up days, but at least now it is a little more modern, easier to use GUI, etc.

But there is a novelty to this, kind of like the magic jack, it's tethered to your PC. So as long as your computer has a solid QoS Internet connection you remain solid. I know of businesses that actually use Skype in this way, save a lot of money compared to the traditional telco. But with so many VoIP providers and the Telco companies finally figuring out that VoIP is where it's at, it's starting to fall more into a niche than utility use.

For someone who wants to talk to people across the world for cheap, it works great. But if you want to call Grandma down the road, your VoIP/Telco is going to win. Since a lot more calls are probably made to local areas than the other side of the planet, it's just a matter of cash flow. If Skype released a version that fixed all bugs and made the service flawless, that still won't fix a broken business plan.
--
Fight NebuAD and the like:
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axus

join:2001-06-18
Washington, DC
·Verizon Online DSL

Yep, seeing Meg and Carly on McCain's team made it clear that he didn't have a chance in the election. It's like he's trying to make woman CEOs look bad by picking the worst ones.

I have Skype and pay for it on occasion, but I usually leave it off. Skype really demonstrates the need for network neutrality. I remember hearing lots of examples of telcos pressing for the limiting of Skype. They're also a good example of someone with innovative software technology, not some generic patent on an easy method.

Maybe eBay selling Skype is a sign that they are waking up to reality. Time Warner never sold AOL...
nitzan
Premium,VIP
join:2008-02-27
·ViaTalk
·Comcast

said by kamm See Profile :

How to fuck up a giant money-making machine while still pocketing insane amount of money for your destructive work?"
These days this seems to be the management theme for all publicly traded companies.... scary.

Gotta wonder what they teach them at business school- instead of "how to make money for the company" these days it's "how to take money from the company".

And then we'll all bail them out.

jjoshua
Premium
join:2001-06-01
Scotch Plains, NJ

Synergies

Yeah, like I want to chat with auction buyers and sellers...

The only good thing about ebay is that I just have to click the mouse and I'm done.

What were they thinking.

SDAGFESDAa

@suddenlink.net

Re: Synergies

A+++++ WOULD READ AGAIN, WONDERFUL POSTER AND GREAT USERNAME. SPEEDY REPLIES VERY RELIABLE.

S_engineer

join:2007-05-16
Chicago, IL
·Comcast

Funny...

this news comes out on the day that Amazon was downgraded to sell. I guess they were hoping to offset that news. I personally don't think it will happen.
--
"When I was in junior high school, the teachers voted me the student most likely to end up in the electric chair."---Sylvestor Stallone

TigerLord
Resident Pentaxian
Premium,Mod
join:2002-06-09
Chicoutimi
·Videotron

Host:
International Broa..
Videotron

The evil that is eBAY

My deepest wish lately has been for eBAY to go bankrupt, be sold, and took over by someone with a clue.

The current eBAY/Paypal administration is a joke. eBAY and Paypal are a joke. All department heads and anyone involved in important decision making deserve nothing more than to be fired.

kamm

join:2001-02-14
Brooklyn, NY
·T-Mobile US

Re: The evil that is eBAY

said by TigerLord See Profile :

My deepest wish lately has been for eBAY to go bankrupt, be sold, and took over by someone with a clue.

The current eBAY/Paypal administration is a joke. eBAY and Paypal are a joke. All department heads and anyone involved in important decision making deserve nothing more than to be fired.
Well said.
--
[BQUOTE=[user=bicker]]Waaaa waaaa waaaa. You just want what you want and don't care to factor in what is right or true. Your perspectives are un-American, and deserve far more ridicule than I'm prepared to pile on them.
[/BQUOTE]

SLD
Premium
join:2002-04-17
·Comcast

Oh, God! Paypal is the worst!
For example, they have a program where you can collect the credt card info on your site and use Paypal as the transaction gateway, but then they require that you provide a PayPal payment option as well. So you're trying to avoid the look of using Paypal, but they require you to offer it. And then it's double-programming costs too! WTF?!?

RT8620

@mdsg-pacwest.com

eBay

quote:
...this pricetag on the tune of $1B-$2Bis a complete joke, I think: "to see nearly $1 billion in revenue in 2011" - that means it would take probably a good 10 YEARS to make your money back, provided you'll enjoy linear growth until 2019...
Perhaps eBay buys this business, »www.messagemagic.net. It has 93.3%. 4,000,000,000 subscribers x $15 = $60,000,000,000 / 6.7% = $4,020,000,000.

What do you think?
Forums » EBay To Offer Skype IPO


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