eBay is a company that understands network effects better than any other, ... Its core business, as well as (online payment system) Pay Pal, have been created and have succeeded by this network effect as more users come in, the marketplace grows in value.
More Quotes from Scott Devitt:
The macro environment is affecting technology. You've gone from where people were overly optimistic about tech to where people are looking for change.Scott Devitt
I would expect this sell-off to continue tomorrow. It will be an interesting day in the Internet sector tomorrow. I can guarantee you that.
Scott Devitt
They're betting on a change in the technology within voice communications,
Scott Devitt
Consumers start out with books and as they become more comfortable buying on the Internet, they climb the average selling price ladder. Before you know it, theyre buying expensive jewelry on the Internet.
Scott Devitt
That's exactly what's going on, ... You've had three years of tremendous post-bubble growth. Now the companies have to reinvest.
Scott Devitt
These businesses are not meant to be managed on a quarterly basis but people take quarterly results and extrapolate them to come up with a long-term value for the stocks. You have to look at them with time horizons of two or three years, not two or three months.
Scott Devitt
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