EBay squabble turns into all-out war
Will Carl Icahn's fury have an impact on the company or its shareholders?
EBay's refusal for the time being to consider spinning off the business has left Icahn calling attention to other parts of eBay's business, and stating publicly that this was one of the worst-run companies he's ever seen.
In his most recent point of ire with eBay as a company, Icahn is calling attention to its handling of its Skype spin-off a few years ago. The company sold Skype to an investor group led by Marc Andreessen, who sits on the board of directors at eBay, and who was able to turn around and sell Skype to Microsoft (MSFT) for significantly more money, which Icahn saw as eBay leaving a huge amount of money on the table. (Microsoft owns and publishes Top Stocks, an MSN Money site.)
Regarding PayPal, however, the question remains: Is Icahn (pictured) right here? Would separating PayPal into a standalone company be worth more to shareholders than leaving the two united?
In this video from Wednesday's Stock of the Day, Motley Fool financial analyst Matt Koppenheffer says that he thinks it probably would. Despite Icahn's prickly approach, his track record for these crusades has been good, and the market very likely could attach a premium to PayPal if it were independent.
That being said, Matt isn't an eBay buyer today. While he is drawn to the stock for the strength of the PayPal business, Matt says he's more inclined to wait until the fervor Icahn has created dies down here.
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My guess is Icahn wouldn't be pushing for this unless he stood to make a pretty penny off of it.
I sold a $6.00 item with free shipping. on eBay
What a surprise when they charged $5.87 and I still paid the shipping.
Not a money maker for sure.
It doesn't help that ebay used to make it really difficult to go after sellers who never shipped items. The only way I got the form to file a complaint was by emailing ebay for it because their site would have you click around in circles never leading you to the proper form to fill out.
there are never any really good buys....by the time your done with all the stupid fees, you could
pick better stuff up at your local thrift shop, or garage sales....Stay away from Ebay....
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