Ryan Cohen

So their sellers are on the platform, because they do a lot of business on the platform, and they want to move product.

So their sellers are on the platform, because they do a lot of business on the platform, and they want to move product.

But

But

They don't feel like eBay wants to make them succeed and is working with them to do more business together.

They don't feel like eBay wants to make them succeed and is working with them to do more business together.

So that's what happens when you go from a business that founder, operator, run to business with a professional management team is you lose the...

So that's what happens when you go from a business that founder, operator, run to business with a professional management team is you lose the...

the one-on-one and just the rolling up your sleeves, really getting into solving the root cause of problems.

the one-on-one and just the rolling up your sleeves, really getting into solving the root cause of problems.

So there are three areas.

So there are three areas.

Number one is on immediately improving earnings through cutting costs.

Number one is on immediately improving earnings through cutting costs.

And

And

pulling $2 billion of costs out of the business and on the operating base of close to $5.5 billion of expenses and $2.4 billion spent on sales and marketing for essentially no user growth.

pulling $2 billion of costs out of the business and on the operating base of close to $5.5 billion of expenses and $2.4 billion spent on sales and marketing for essentially no user growth.

there's a lot of money to pull out there.

there's a lot of money to pull out there.