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Ebay Weighs Selling Off Businesses After Pressure From Activist Investors (cnn.com)
Ebay may be paving the way to auction off some of its businesses. The e-commerce company said Friday that it is initiating a strategic review of its assets, including ticket sales site StubHub and the Classifieds Group, after facing pressure from activist investors to spin off or sell these properties. From a report: Ebay is also adding two directors to its board, including Jesse Cohn of Elliott Management, a hedge fund that disclosed a 4% stake in the company in January and began agitating for change.
Devin Wenig, Ebay's president and CEO, said in a statement Friday that these moves are the result of "two months" of dialogue between the company and investors. "The bottom line is that we all share common ground: We see tremendous opportunity ahead and want to see Ebay's full potential realized over the long-term," Wenig said. Last month, eBay announced a restructuring that would bring various regional marketplace units under one global leadership team.
"Activists" Investors is a loaded term that leads you to think of SJW idiots wanting some kind of SJW actions.
What it appears to be is simply investors suggesting that eBay focus on its core business and ditch distractions.
The eBay site is old, out dated, confusing and cluttered.
When Fascism comes to America, it will call itself Anti-Fascism, and tell you to give up your guns.