Ebay Update – Whitman Out

Ebay LogoA follow up to yesterday’s eBay post from an posting on the Wired Blog.

Whitman will be replaced by John Donahoe, current president of eBay Marketplaces, effective March 31. Although Donahoe’s a relative unknown, the Street is already impressed.

How this will effect us sellers and buyers remains to be seen, I’m interested in what this means:

The news comes after a tumultuous year for eBay, whose core auction business experienced two quarters of sequential declines in listings. Although the company reversed the trend in the fourth quarter, eBay is still desperately scrambling to spur growth.

In an effort to shake things up, eBay plans to announce a new pricing structure next week, which it hopes will motivate sellers to list more items on the site.

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1 Comment

  1. John Pannell says:

    Her politics are no secret. I guess she’s aiming for a position in a Romney administration.

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