GigaOM editorial: “Groupon’s Rise and eBay’s Decline”

Last week GigaOM published my editorial contrasting the rise of Groupon and the long, slow decline of eBay. I made the case that the poor economy–which has been a key driver behind Groupon’s growth–should have benefited eBay, as well. Why not?

The reasons for eBay’s stagnation come down to leadership. During former CEO Meg Whitman’s tenure, the company’s culture became increasingly bureaucratic, and improvements to the site became few and far between. eBay hiked fees aggressively while doing little to improve its user experience. The company misjudged the threat posed by Google’s advertising network, which effectively decentralized ecommerce by making it viable for small businesses to sell directly from their websites. Also, as my former PayPal colleague Keith Rabois asserted, eBay started out as a fun, social ecommerce site but it failed to grasp the advent of social networking.

Click here to read the rest of my piece.

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2 thoughts on “GigaOM editorial: “Groupon’s Rise and eBay’s Decline”

  1. You transfer the money out of your PayPal acucont into your bank acucont that is linked to your PayPal acucont. There should be directions on the PayPal website on how to do this. You had to set up a bank acucont when you set up your PayPal acucont, so you just transfer the funds once they have been cleared into your acucont. Was this answer helpful?

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