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eBay was distracted trying to destroy a newsletter and AMZN ended up growing by many eBays. eBay is now worth $22b market cap, as high as $52b in recent times.
by Scoundreller 3y ago
eBay was distracted trying to destroy a newsletter and AMZN ended up growing by many eBays.
eBay is now worth $22b market cap, as high as $52b in recent times.
AMZN is now $1.5t, about double since the period of time in question, or about 14 - 34 eBays
(editted out a large portion of what I originally wrote about how many eBays of market cap AMZN has been gaining because I was off by a year in my window of time).
- frabjoused 3y agoThis is meaningless. A few employees did this. Companies are composed of people. The whole company wasn't busy being distracted. They just had a worse business model.
- Scoundreller 3y agoA few employees... starting in the C-suite focused on a critic with a newsletter that looks like this: https://www.ecommercebytes.com https://www.ecommercebytes.com (nothing wrong with the content, it's a good trade rag but c'mon, you gotta be thinking about it day and night to sign off on a plan to go through with what was done against that) Business models can be changed/improved. eBay has been quite stagnant.
- bjacobel 3y agoThe CEO and CCO were personally involved, as well as a whole coterie of Senior-level directors. Calling this a "few employees" is completely disingenuous.