Ebay put out good numbers. Wall Street had already priced in a possible miss or even lower guidance going forward but that did not happen. Ebay in fact moderately raised expectations. So that's a good thing.
More Quotes from Scott Devitt:
The macro environment is affecting technology. You've gone from where people were overly optimistic about tech to where people are looking for change.Scott Devitt
Amazon is really getting hit from both sides. The business environment, especially in the United States, is very, very competitive.
Scott Devitt
I wouldn't read a lot into it. They're being conservative. Their comments imply to me that their numbers are low.
Scott Devitt
Ebay is really fighting for China but there are two entrenched players there already. So eBay had to invest more in China to compete more aggressively for market share.
Scott Devitt
eBay is a company that understands network effects better than any other, ... Its core business, as well as (online payment system) Pay Pal, have been created and have succeeded by this network effect as more users come in, the marketplace grows in value.
Scott Devitt
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