EBay stock at 6-year low on acquisitions, job cut news

Thought I would post the latest news on eBay, their stock and job cut news. This is not good news for the auction giant and will hopefully serve as a wake up call. Ebay has also agreed to buy Bill Me Later and the deal is expected to be completed by year-end.

Some links...
http://www.bizjournals.com/pacific/stories/2008/10/06/daily11.html
http://www.reuters.com/article/bondsNews/idUSN0637521720081006
http://money.cnn.com/2008/10/06/technology/ebay-bill-me.fortune/?postversion=2008100614
http://ap.google.com/article/ALeqM5hs6MOE8654Dx7HXF9jCctyCwm8xAD93L62CO0

Both Google and Amazon are said to be courting eBay's sellers and its 71 million unique visitors every month. Google is testing the display of "shopping results" within regular search results that with a single click redirect people to merchants' sites instead of to eBay. Amazon is charging sellers a flat $40 monthly fee to list an unlimited number of items and grants many of them the right to send goods using its wildly popular free shipping service, Amazon Prime. In July it launched a checkout system to rival PayPal.

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