eBay losing its 'magic' - CEO
Found on The Register on Wednesday, 19 July 2006
Has the shine come off online auctions? eBay chief Meg Whitman has acknowledged that the site has lots some of its "magic", as the balance tilts away from home sellers to professional retailers.
eBay said that is has 78 million active users, 20 per cent more than a year ago, and there are 35 per cent more listings. But as a sign of its changing nature, fixed price listings - usually tagged "Buy It Now" - are up 35 per cent year on year.
eBay is fun for a day or two, but that's it.