eBay's Acquisitions, Layoffs: Too Little, Too Late?

eBay answered mounting Wall Street concerns about its business by laying off 10% of its workforce and spending $1.34 billion on business to bolster non-core company growth. The soon-to-be acquired companies are Bill Me Later-- a tool for quickly giving online shoppers credit on purchases--and two Danish auction sites. eBay called the moves contrarian plays, and the market wasn't too thrilled.

Webmaster's Commentary: 

I have been getting all kinds fo spam emails from eBay "reminding" me that I have not bought anything from them in a while.

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