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eBay: Life After Meg |
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| Apr 22, 2008 03:39 PM UTC |
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Tracked Blogger
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4/17 - "It's hard not to love PayPal. Dot-com heavies such as Google (Nasdaq: GOOG) and Yahoo! (Nasdaq: YHOO) -- and even banking giants such as Citigroup (NYSE: C) and Wells Fargo (NYSE: WFC) -- have tried to take on the online-payment service over the year, with humbling results. PayPal is just too popular, as was clearly evident during the latest quarter. The number of active accounts clocked in 17% higher, yet the total payment volume soared by 34%, to $14.4 billion. In other words, people are leaning on PayPal even more with every passing quarter." "eBay is also raising its guidance for 2008. It's looking to earn $1.70 to $1.75 a share in adjusted earnings -- just ahead of the $1.68 a share that Wall Street was looking for -- on $8.7 billion to $9.0 billion in revenue. With enough powerful subordinates to pick up any slack from eBay's namesake site coasts, the auction maven's certainly still breathing. Now, the new management team will have to elevate it back to "alive and kicking." 
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