Plenty, according to Carl Icahn.
Icahn doesn't like how Skype was spun out and then drew a bigger bid from Microsoft (MSFT). He doesn't like that the eBay board refuses to spin off PayPal, eBay's payments service. Icahn looks at a one-year gain for the stock of 7.2%, against a 60% gain for the Nasdaq as a whole, and goes "meh."
But perhaps Icahn should be more worried about eBay's slowing growth and relatively meager capital spending.in 2012. Overall revenue was $16.1 billion last year and $14 billion in 2012. An eBay spokesman pointed out that its $1.25 billion in capital expenditures last year represented 8% of revenue, while Amazon's $3.44 billion represented just 5% of revenue.
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