john donahoe

eBay CEO: mobile shopping is booming

Industry observers and analysts have been predicting that mobile commerce would have a bright future for nearly a decade, but it wasn’t until recently that those predictions started to look like they might be accurate, if still poorly timed.

The latest source of confirmation that mobile commerce is real: eBay’s CEO John Donahoe.

Ebay bets with its head, not over it

ebayBack in the days when OffTrack Betting was popular in New York City, the ad tagline said “bet with your head, not over it.” It may be uncool to say, but eBay’s recent conservative retrenching is a solid strategy. A little boring, maybe, but at least the company is betting with its head.

CEO John Donahoe told a group of analysts Wednesday that the company is going to focus on its original mission, which is ecommerce auction. No more eBay Express. No more plans to compete with Amazon for the overall ecommerce business. Donahoe was roundly trashed in the blogosphere. While it might not spike its short term stock price, it’s the right move. With Skype and PayPal in its tent, eBay is positioned to play very well in the most active markets. It has communication infrastructure, payment infrastructure, and auction infrastructure. Right now anyway, no one is a serious threat to that trifecta.