posted on March 8, 2002 11:45:17 AM new
If I were in that position, I would want to even out my portfolio as much as possible. My brother went from an internet millionaire to just barely getting out above even. I think it is stupid to have too much invested in one company, especially a dotcom like ebay which so far has been spared, but who knows...
posted on March 9, 2002 05:36:01 AM newMeg's stock is worth billions.
No it isn't. If it were, she would be listed as one of the wealthiest people in the world, and she isn't.
The company is worth just over 1 billion, at $1,000,697,000. Total that ALL stockholders own is $1,013,760,000, so she can't be worth billions, unless she owned all her own stock.
Wow, their numbers are actually impressive. Nice hefty profit last year. Now I know where all those fees I'm paying are going - to their bottom line.
posted on March 9, 2002 02:53:10 PM new
I think Pierre was the only one to make the billionaire list from eBay.
I don't fault these guys for the bucks. But the impression is that they convey is that you can make big bucks doing auctions and that's really not true. For me, auctions help me leverage product knowledge, marketing experience and computer skills into some extra bucks to pay bills.
posted on March 9, 2002 04:20:16 PM new
I think I read somewhere that Meg is worth 90 Million. Of course that is not all cash, and I bet most of it is investements something I don't have but at this time investments aren't worth much. Just ask the Enron people, well the workers not the execs.
Pierre had a brilliant idea (thank god for the Pez dispenser) in eBay an idea that made people make money and enjoy life at home. It is getting harder and harder to do as there are so many of us selling the same things and trying to undercut our competetors and trying to stay ahead of all the fees. I don't make a bundle but I enjoy the selling and meeting new people and of course this discussion board with all the knowledgeable posters.
