Feeds

eBay parachutes ecommerce veteran into Skype hotseat

Now make some money

3 Big data security analytics techniques

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. ®

3 Big data security analytics techniques

More from The Register

next story
Virgin Media so, so SORRY for turning spam fire-hose on its punters
Hundreds of emails flood inboxes thanks to gaffe
A black box for your SUITCASE: Now your lost luggage can phone home – quite literally
Breakfast in London, lunch in NYC, and your clothes in Peru
AT&T threatens to pull out of FCC wireless auctions over purchase limits
Company wants ability to buy more spectrum space in auction
Turnbull leaves Australia's broadband blackspots in the dark
New Statement of Expectations to NBN Co offers get-out clauses for blackspot builds
Facebook claims 100 MEEELLION active users in India
Who needs China when you've got the next billion in your sights?
Facebook splats in-app chat, whacks brats into crack yakety-yak app
Jibber-jabbering addicts turfed out just as Zuck warned
Google looks to LTE and Wi-Fi to help it lube YouTube tubes
Bandwidth hogger needs tube embiggenment if it's to succeed
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.