eBay comes around, begins to realize Skype needs to go

By on January 26, 2009 at 10:51 AM.

eBay comes around, begins to realize Skype needs to go

Not long ago, a story ran around the blogosphere pitching the idea that Apple should take the piles of cash it’s sitting on and use it to revolutionize the banking industry. Sure, “iBank” is an interesting concept but there’s one major rub: Apple knows nothing about banking. Apple is a computer company, a digital service company, a hardware manufacturer, a software company and many other things, but it is by no means a bank. The time, new hires, training and investment it would take to prep Cupertino for a banking entrance negates much of the potential benefit and as such, it won’t happen. The same can be said for an online auction house entering the telco industry – the only problem is the latter example actually happened. When eBay purchased Skype four years ago for $2.6 billion, many wondered what it was thinking. Now, four years later, eBay finally seems to be wondering the same thing… What were we thinking? As a result of some comments made by eBay CEO John Donahoe regarding its recent earnings call, the internet is ablaze once again with rumors that the company is finally looking to offload Skype. Donahoe:

[Skype would make a] great stand-alone busines… The synergies between Skype and the other parts of our portfolio are minimal. We’re going to continue to run and operate the business. It’s not a distraction currently. And at such time when we have further announcements on that, we’ll let you know.

Of course as is always the case with any story citing analyst sources and inference, this is all speculation for the time being. We consider this a feeler from Donahoe; I’ll be taking calls from interested parties, if you will. Bottom line? eBay is an auction house. Paypal – awesome, logical buy. Skype – not so much.

[Via DealBook]

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JetBlue Using eBay in Attempt to Boost Sluggish Sales

By on September 8, 2008 at 1:18 PM.

JetBlue Using eBay in Attempt to Boost Sluggish Sales

Now is most definitely not a good time to run a US (or any) airline. People are traveling less, the economy is basically in the toilet and fuel is incredibly expensive which means that everything else is more expensive. On top of everything else we just entered a historically slow time of the year in terms of air travel as summer draws to a close and kids return to school. We’re not sure how far this tactic will go, but JetBlue is trying to ease the pain a bit by auctioning off a handful of flights on eBay. This doesn’t mark the first time an airline has turned to eBay but in the past, official eBay ticket auctions have been used to raise money for charity. JetBlue apparently isn’t quite concerned with humanitarianism at the moment as the airline has listed over 300 round-trip packages including single tickets, two-ticket packages and even a few mystery auctions that include hotel stays. All auctions were listed last night with varying durations and with opening prices of between 5¢ and 10¢. The auctions are expected to close between 85% and 90% of retail value, which means that travelers will indeed get a nice discount. To those interested, all flights depart on a Thursday or Friday and return on a Sunday or Monday. Travel resulting from the auctioned tickets must be completed by October 6th.

[Via ABC]

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