eBay's Slow and Painful Death Spiral

Despite a big boost in shares in after hours trading, Wednesday's (disappointing) earnings for the online auctioneer represent a continuing trend that will not be broken anytime soon. Yes, they beat estimates, but this means nothing. Estimates have been revised downward over and over.

Management and Wall Street analysts have placed blame with this floundering company on the economy, but this is simply not the case.