Investors Unimpressed With eBay Growth Strategy

It's ambition is enviable, but just where does eBay think its heading? The online auction and e-commerce giant is branching out, having spent some $6 billion on new media acquisitions in the last five years. From online payment service PayPal (which proved to be a smart, synergistic decision) to the $2.6 billion Internet telephony giant Skype (eBay overpaid and the jury's still out), to classified sites around the world, including a 25% interest in Craigslist and Kurant, which sets up online "storefronts" separate from eBay, to ticket reseller StubHub (its newest acquisition), eBay thinks it can be everywhere in the world of e-commerce. More ...