Well, if you can’t improve the bottom line (or the stock price) by maintaining, let alone improving, sales, what does a Boy from Bain & Co. do? He fires 10% of the work force. And this is not the first time that Johnny Ho has done this. If he does not need this staff now, what have they been doing all this time? I suppose one must assumes that they have all been sitting around doing nothing constructive anyway—just like the cretinous Johnny Ho …

And, notice how the eBay stock price jumped $2 on this news; makes you wonder where Wall Street’s priorities lay. eBay’s customer support is literally non-existent and Wall Street values only more economies—false or otherwise. Still, it’s one way to make the bottom line look better—at least in the very short term, which is the only term the headless turkey, Johnny Ho, understands …

The eBay executive suite—where the incompetent mingle with the disingenuous, the malevolent and the outright criminal, and the just plain stupid ... http://bit.ly/11F2eas

Retail Payments (and PayPal)—The Reality ... http://bit.ly/1nSA1Zl

But, fortunately, it’s easy to tell when an eBay/PayPal spokesperson is being disingenuous—their lips are moving ...

PayPal revenues represented 45% of eBay Inc. revenues in Q2 2014 and 27% of PayPal’s revenue comes from the eBay marketplace. Johnny Ho has only ever been right about one thing, these two clunky operators, eBay and “PreyPal”, are joined at the hip and neither one can now, in the long term, survive without the other; this new arrangement will undoubtedly be “in name only”, with both parties retaining common directors and protective shareholdings, and underlying (“lying” being the operative word) agreements in place so that they can carry on exactly as before; such “spin off” should not fool any but the most naïve of investors or potential partners.

So, don’t let these disingenuous corporate shysters pull the wool over your eyes; regardless of the spin that they put on it, these two clunky operators are joined at the hip “until death do they part”, and now, with the arrival of the new online/mobile digital wallets from MasterCard (MasterPass) and Visa (Visa Checkout) and Apple Pay, outside of the atrophying eBay marketplace—except for its rightfully deserved place as the online merchant account provider of last resort—the clunky “PreyPal” is now effectively redundant …

Will the spin off of PayPal from eBay lead to a greater acceptance of PayPal? Only in Carl Icahn’s dreams …