Feeds

eBay parachutes ecommerce veteran into Skype hotseat

Now make some money

Top three mobile application threats

eBay has dispatched one of its own to take the helm at Skype, in the hope he can go some way to justify its increasingly baffling multi-billion buck purchase of the profit-lite VoIP app.

Josh Silverman, current CEO of eBay price comparison tentacle Shopping.com, will take over on 24 March. In his inaugural blog post, he writes: "Skype is one of the defining internet technologies of our era... it's changing the world. You don't look forward to something like that. You drop what you're doing and jump aboard."

Skype certainly is one of the defining internet technologies of our era. It was over-hyped, overvalued and has no discernable business plan, other than to recruit more free users.

The number of Skype users continues to grow, but is not reflected in an increase in revenues for eBay in advertising or ecommerce. It makes the $2.6bn soon-to-depart eBay CEO Meg Whitman gambled on P2P VoIP look like a bad bid.

In fact, Silverman's task is enormous. The auction house is facing investor calls to cut its losses - a $1.4bn write down last year - and offload the service.

Skype's founders Nikolas Zennstrom and Janus Friis apparently appreciated the merits of such a strategy when they trousered $530m - a third of their projected take if Skype had been a winner for eBay. ®

Securing Web Applications Made Simple and Scalable

More from The Register

next story
Yorkshire cops fail to grasp principle behind BT Fon Wi-Fi network
'Prevent people that are passing by to hook up to your network', pleads plod
Major problems beset UK ISP filth filters: But it's OK, nobody uses them
It's almost as though pr0n was actually rather popular
Apple orders huge MOUNTAIN of 80 MILLION 'Air' iPhone 6s
Bigger, harder trouser bulges foretold for fanbois
Google Nest, ARM, Samsung pull out Thread to strangle ZigBee
But there's a flaw in Google's IP-based IoT system
Microsoft unsheathes cheap Android-killer: Behold, the Lumia 530
Say it with us: I'm King of the Landfill-ill-ill-ill
All those new '5G standards'? Here's the science they rely on
Radio professor tells us how wireless will get faster in the real world
US freemium mobile network eyes up Europe
FreedomPop touts 'free' calls, texts and data
'Two-speed internet' storm turns FCC.gov into zero-speed website
Deadline for comments on net neutrality shake-up extended to Friday
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.