NEG Meg The Series 2004

Welcome to the www.NegMeg.com NEG Meg The Series episode archive.

“a monkey could drive this train”

Margaret “Meg” Whitman comment on eBay,
while she was eBay CEO and President.

Margaret Cushing “Meg” Whitman
Born August 4 1956

  • “President and Chief Executive Officer of eBay from March 1998 to March 2008.”



Ebay to Increase Investment in China’s Eachnet.com
AsiaInfo Services, April 19 2004

  • “Meg Whitman, president of the America-based eBay, revealed in Beijing on April 14 that eBay would increase the investment in China’s Eachnet.Com, an onlinemarket in China.”
  • “In 2003, eBay acquired the whole stock from the American Eachnet.Com at USD 150 million.”

EBay’s Whitman Tells Feds: Read My Lips
John Soat, May 10 2004

  • “Meg Whitman, president and CEO of eBay, the online auction site, addressed the National Press Club in Washington last week to extol the virtues of entrepreneurship on the Web and blast a proposal for collecting taxes on Internet sales known as the Streamlined Sales Tax Project. “The success of E-commerce is the success of millions of invisible pioneers in garages and spare bedrooms from New York to St. Louis, from L.A. to Sioux City,” Whitman said, according to the text of her remarks from the company. EBay estimates more than 430,000 Americans make a substantial part of their incomes by selling products on its site. Government policy makers threaten the future of small business on the Internet with tax proposals like SSTP, Whitman said. SSTP is not a new tax law, but a uniform way for the states to collect sales taxes from online businesses for items purchased over the Internet. “The red tape would be enormous,” she said. For instance, “were SSTP adopted, it could double or even triple the nation’s taxing jurisdictions.” Prior to Whitman’s appearance at the National Press Club, eBay sponsored what it called its first “United States of eBay Small Business Summit,” flying in 51 of its top entrepreneurs, representing the 50 states and Washington, D.C., to meet with members of Congress about E-commerce issues, including taxes.”

Tiffany sues eBay, says fake items sold on Web site
Lisa Baerlein, June 22 2004

  • “Luxury jeweler Tiffany & Co. has sued eBay inc., claiming the online auctioneer has aided violations of the Tiffany trademark by letting counterfeit items be sold on its Web site”
  • “if;”>A study of certain pieces of “Tiffany” jewelry sold on eBay this year showed that 73% of the jewelry was counterfeit, Mark Aaron, a Tiffany spokesman, said in a statement about the lawsuit, which was filed Friday afternoon in U.S. District Court in New York.”
  • “Tiffany shares rose 21 cents, or 0.6%, to $37.94 on the New York Stock Exchange.”
  • “Shares of eBay fell 69 cents, or 0.8%, to $85.81 on Nasdaq, down from a high of $87.24 earlier in the day.”
  • “”We take these concerns very seriously, which is why we have worked closely with Tiffany and thousands of other rights owners for many years through our VeRO program to help them address these types of issues,” the eBay spokesman, Hani Durzy, said.”

eBay buys into Craigslist
Dinesh C. Sharma, August 13 2004

  • “eBay has acquired a 25 percent stake in Craigslist, an online listing of classified ads and forums.”

EBay’s PayPal hit by glitches in online payments
Lisa Baertlein, October 12 2004

  • “The online payment problem came at the start of eBay’s seasonally biggest quarter for revenues and roughly four months after the company apologized for a run of billing and search snafus that disrupted some of the auction site’s most dedicated sellers.”
  • “Shares in eBay closed $1.14 higher at $93.73 on Monday on the Nasdaq stock exchange.”

Fraudsters go Phishing on eBay
Paul Mutton, October 15 2004

  • “The fraudsters make the scam look more plausible by setting up a number of illicit eBay user accounts. One of these accounts is used to sell items, which are then instantly purchased for a small price by the remaining accounts. Trust on eBay is typically gauged by the amount of positive feedback left for a user, and this method allows a reasonable level of positive feedback to be generated in a matter of minutes.”

eBay cleans up online
Clare Matheson, October 21 2004

  • “China was a key Asian target for the company. Boss Meg Whitman and eBay’s then international vice president Stephanie Telenius snapped up a start-up firm called EachNet.”
  • “The rest is history – China is now eBay’s fastest-growing market.”
  • “The group now has its eyes on India, snapping up Baazee.com – the country’s biggest online retailer -in August for $50m, even though only 1.6% of its population is on the net.”
  • “It was too slow off the mark in Japan – setting out its stall there five months after Yahoo.”
  • “Two years later it pulled out of the market”

Meg Whitman for U.S. President in 2012
Strategist, October 21 2004

  • “With a successful run like Meg’s over at eBay, I wonder if the voters will try to bring her into the ‘wild and wacky’ world of U.S. politics in 2012. I sure hope so.”

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