Auction Blog

Reminder - if any of the acronyms here are confusing, check the backgrounder here.

Background - the room is setup classroom style with three screens.  ebayinkblog has picture here for those curious about the setup.

8:15am - Kicking off with Mark Rowan, head of IR@eBay - holding Q's until end of day (yikes). Disclaimers, blah blah blah.

JD intro

• Making strong changes to keep up with the world of ecommerce
• New focus on technology and innovations
• No longer simply auctions co - ecommerce platform provider
• We are a strong company (highlights skype+paypal)
• eBay marketplace isn't keeping up
  • Continues to fall short of our expectations - not acceptable
  • Held on to past too long
  • Made changes.  They were necessary but not enough
  • Dedicated to new eBay - focused on where we can win
• Strengthening PayPal
  • Opportunity is bigger than eBay
• eBay execs are accountable for driving change and results
• Long piece about history of eBay - point is they realize ecommerce is rapidly changing.
  • Building portfolio of formats to address needs.
  • 5yrs ago - eBay marketplace was 75% of what we do.
• Today - eBay Marketplace is 50% of what we do
  • FP is half of that
  • So when say no longer auctions - it's only 25/30% - customer driven (I tend to disagree here)
• Paypal will be 1/3 of what we do in 09
• Skype growing rapidly

This slide shows mix:


This slide was used to show growth in front of all business lines:

Industry information - JD

• Did his Walmart comp as he did at goldman
• Multiple winners in shopping (ecommerce)
• Few winners in payments.

Paypal will be first today, reiterates how great and big opp is.

Marketplaces comments

• Didn't change the model fast enough
• Throwing out the playbook
• New in season -1 - where they see winning
• Marketplace will tranform to wn there.
• First fix the foundation, stand behind all transactions.
• eBay to guarantee every transaction - JD has teaser on that. LN will cover
• Grow complementary formats - ST will cover
• Creating the new eBay - pace of change and innovation will accelerate - win secondary market.
• Will take time!

Slides:
(This one has some weeble looking people that everyone on twitter thought was humorous)

Here's a list of auction “myths” they want to 'pierce':

Here's the 'this will take time (011)' slide:

Skype
Lots of comments here - nothing new.  Not going to apologize for Skype any more.

Operating comments

• Everyone comped on NPS -
• Andreeson on board, new CTO
• Funding platform efforts
• Never been known for cost management.

Next up - ST from PayPal

SeekingAlpha Disclosure - long amazon and google

Here is the original:
eBay Analyst day - Part I Intro and Donahoe Opening remarks.