Over at Giga, Kevin Kelleher offers some interesting insights into the company’s current turn around blues. Here is the link. One thing is pretty clear. EBay has lost its spark. Its reason for being. It no longer generates any buzz. That is sad, but there you have it.
And what impact did its former chair-woman, Meg Whitman, now candidate for governor of California have? Kelleher writes
… Whitman steered eBay from one of the most dynamic and successful startups in the history of Silicon Valley into a fragmented, sclerotic tech company. Her handling of the Skype deal left eBay paying too much for a company that had little in common with its other businesses, and didn’t even buy control of its P2P technology. After buying StumbleUpon in 2007, eBay smothered the innovative startup under its wings. As Om noted recently, StumbleUpon has thrived since eBay spun it off.
Watch out California!