Here's some more on Ebay. After announcing on Monday that 1,000 full-time employees will be laid-off, a 10% reduction, Ebay's stock dropped more than 8% while the Nasdaq dropped 6.6%.According to Forbes, the reason for this downturn is that Ebay is spending $820 million in cash and $125 million in stock options for the online payment service "Bill Me Later". "Bill Me Later" works like this. Instead of using a credit card at checkout, a shopper clicks on the "Bill Me Later" button, enters certain personal information and if all checks out, they get a bill later. "Bill Me Later" pays the merchant upfront. Is this really a good idea?
Click here to read this story and other related stories "The Reason Ebay is Stuck", "Ebay's "Classified" Strategy" and "Ebay Aims to Fix Growth. "
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