A year ago, eBay Inc. (NASDAQ:EBAY) shelled out a minimum of $2.6 billion for a super-fast growing VOIP company, Skype. eBay claimed that it was a synergistic fit, but Wall Street was skeptical. How does VOIP really improve auctions? Doesn't the power of eBay lie in automation?
nternational Herald had an excellent piece on the matter yesterday. So what have been the synergies so far? Not much. For example, you can put a "Skype Me" button on an auction item. But couldn't you have done this if eBay didn't buy Skype? eBay has used some of Skype's technology for PayPal, but its not clear how much this has helped.