>> you were instrumental in the sale of ebay. -- in the sale to ebay.ooking back, was it the right decision? ebay and paypal have had an interesting year. some other members of the paypal mafia think they are better apart. >> it was the best decision at the time. it collaboratively. to really get to the right level of mass of the payments transaction system, it required a much closer connection with ebay. now that it has gotten to a certain level, is it better or inside or outside? one could make good arguments both ways. the argument with is for example, there is still a lot of density of value between ebay and paypal. on the other hand, maybe paypal should be like a bank. which is the argument against this. ebay is not a bank holding company. the natural evolution is ahead there. that's also possible with the right management team. >> it's time for a quick break, we will be right back. ♪ >> after paypal, you could've retired a few times over. other members of the paypal mafia bought fancy cars. you bought an acura which is a nice car but you did not s

google, yahoo, ebay, amazon.hey are only going to be some of the great companies that are going to be created. as opposed to a year, i took two weeks in australia, came back, said ok, what is my best idea, oh, look, linkedin is actually still a very valid idea. the market opportunity is right for it. i should start that. i started investing in companies like facebook and flickr and a number of others. i was like let's just go all in on this next generation of internet. >> i know the early years were hard. tell me about that. >> i don't know how many of our viewers will remember this, but friendster was all the rage back then. >> i remember friendster. >> and so what happened is, i would come and say, this is what linkedin is. and they would say, well, you're like friendster but for business. and i would say, well, that's not the way i would describe it, but -- i can't tell you the number of times i've had conversations with people who are smart and very close to say, 'that isn't going to work.' and i'm like, 'i t

ebay and paypal have had interesting year. some members of the mafia thinks they're better apart. > the right decision at the time. we made it collaboratively. to really get to the right level payments transaction system, it required a much closer connection with ebay. ow that it's gotten to a certain level, they say, look, is it better inside or outside. you could make good arguments ways. the argument with, for example, density till a lot of of value between ebay and paypal. paypal should ct natural bank, but the evolution is to head there in some direction. that's also possible with team. r management >> time for a quick break. >> i think for paypal, you could over, tired a few times probably, some of the members or the paypal bought ferraris, you bought an acura, it's a nice kafr. going to lean i'm back. >> i was thinking of buying an audi sa. it's a nice car and so forth. a friend pitched by acura.e on the i would rather invest in the sa or the startup. what's the cheapest nice car i buy.d i would rather spend my money in

. >> what about something like paypal now that ebay has done it off?it >> we are currently focused on the china market to the online payment market is relatively underpenetrated. being put ons is by the financial company, and affiliated company of ours. and all of the, online payment options for our mobile business. we are interested in growing financial services off of those payments accounts. platformshave english , you have chinese consumers apps. global your expansion strategy. as if their armor to thought would want to sell overseas out of china, they can do it on our r express platform. we are getting interest from retailers all over the world that want to sell into china, to access our 300 million chinese consumers and sell on our global platform. so an example of that would be caused go, which recently set up a virtual store. when you think about a company like cost no comedic about warehouses, the membership club. ,hroughout all of those rules their first foray is to set up a virtual store, and they have been very happy with the results. chine

is that good for ebay? >> you bet. traditionally we're e-commerce and all of commerce is much bigger so it's natural progressi progression twenty or so years of us empowering congress but on the screen and binging it into the store. it's revenue potential for us. >> it is sort of the future of retail and you are experimenting with it right now. thank you for joining us. steve jankovic and rebecca minkoff. >> thanks courtney. let's trade it. use the opportunity to talk about ebay and other tebs. what do you think? >> i'm a fan of ebay. >> you own it? zblo i don't right now because i haven't seen any activity in the last few weeks. but i like it because carl hasn't dumped his. if carl is in here, that's been a good canary in the coal mine for me. >> best tech for you. >> i think apple works well. >> i think ebay could be interesting. i'd be more interested in the spinoff and that is not for a little while. so i'd hang back. >> best hewlett. >> stick around for a trade update. first strong earnings from beeser homes but n

ebay. zero information. but if i look at how they are trying to play in terms of the global market, that might be the first step. >> i wonder if twitter is a company where we all know about the pressure that dick costelo is under. there has been a lot of talk about a management reshuffle there. is that a place where a founder would be in a better position to lead? >> i think dick has a founder's mindset. i think he is willing to take the criticism, and part of what you have to be willing to do is say, ok, i need to change this, and i know i'm going to get a lot of criticism doing it but i'm going to ignore it as i play, and i think dick is doing that. he is aware of the criticism. this is a way of getting it in advance, so is himself a founder of companies. he is capable of making that kind of decision about here is the new thing. we're going to bet entirely on this new effort. these sorts of things. i would say i'm bullish on dick's ability to at least bring the founder's mindset, and i think he is thinking

. >>> it is no way jose on ebay.ormer baseball star and crazy person jose can say co -- cansec 0* shot off his fingers. doctors did not do a great job reattaching it. his thumb was on the right. last friday the steroid slugger tweeted that the finger the fallen off playing at a poker tournament in las vegas. on monday he announced he would be putting the the finger and the gun on ebay saying the ad will say slightly used midde finger with 462 home runs and could be used as a stirring straw for drinks. not so fast. ebay does president -- doesn't allow the selling of human body parts or firearms on the site. so instead canseco gave the finger to his cat. >> i hope that wasn't what i thought it was. what was that? all right, tom. i have a problem with this because i believe in a free market. i believe you could sell anything you want. celebrities make a ton of money selling stuff like this, stuff they make from their own body. >> you believe in the free market? you believe they should be able to sell organs? >> i believ

i don't know if you could sell handguns on ebay. >> i don't know that you could sell flesh on ebay. >where maybe we're getting too far into details. they reattached the finger after the accident and he was playing poker and he says it fell off and so he doesn't need it anymore so he's going to sell it. >> oh, jose. way to go jose i guess you can say. >>> it's 5:27. we continue to cover that synagogue attack in jerusalem. new details about the ax wielding men who police say killed four worshipers. >> a washington man whose home was burglarized was ready just in case the criminal returned and he did. coming up on "action news." >> ♪ ♪i want it all! ♪and i want it now! your toys want more. they need more. so get more guaranteed from verizon fios. including your favorite movie channels, blazing fast internet and $400 back. all for this amazing price online, guaranteed for 2 years with a 2-year agreement. so take the hint. and get more guaranteed today. call the verizon center for customers with disabilities at 800.974.6006 tty/v >> ♪ >> layers are a must when you head out this morning. th

later, he sits on the boards of facebook, hp, and until recently ebay. andreessen horowitz backs some of the hottest companies, like twitter, airbnb. i sit down with mark andreessen in this special edition of studio 1.0. >> 20 years ago this week, netscape, which you founded, launched. can we get applause for that? ushering in the web as we know it. how does that feel? >> it is fantastic. it is so extraordinary. we had a little bit of a glimmer that something might happen, that it might matter, that this internet thing might work out ok. it turned out it has. it has been extrordinary. >> you have been incredibly productive since. you started a capital venture firm, andreessen horowitz. you have also tweeted 33,000 times in one year. >> thank you. >> which is more than all three founders of twitter combined. >> yes. that is true. i really think the stock and the company should be rebalanced. >>we are going to reference some of your tweets, and i wan to start with this one. when i came to silicon valley in 1994, i thought i had missed all the opportunity,

you mentioned ebay. what can you tell us? tech companies are driving the trend.ples, google partnered with macy's to launch a partnership function. , which is behind rebecca's connected store, also just announced is working with nordstrom. in addition to making the shopping experience more pleasant and more fun for clients, it is also helping retailers take that are track of their inventory. take a listen. >> every item here is architect. have 100% inventory accuracy in the store. we can do a lot of interesting things. mostndustry contexts, department stores, their accuracy inventory, maybe 67%. >> from ebay there, he just told me he thinks the retail world has been on a back foot in recent years. but he said they are catching up. seeingd -- we're also retailers open up storefronts. even though customers are getting more tech savvy and using mobile devices and computers, they're spending more money in your is than they are online. it is a big opportunity for every retailer across the board. >> all right. shelby is about to go shopping for work. the good life ther

. >> ebay does it.mazon does it. >> yes. >> craigslist does not. >> they did not and will not do it to date. >>reporter: craigslist denied our request for interview. ross could the up with the if provider. >> they are up sweat craigslist of product recall. >> you haven't reresponsibleed to my question we want to get your answer and your side of the story. not possible to get your side of the story. >>reporter: he refused to answer any questions. but spokesperson by e-mail said craigslist deploy automated system to help prevent posting of recalled items and has further minimize posting of recalled items by craigslist users. san jose base ebay uses software and human beings to weed out recall products and bad sellers. >> it's a sanctional technology and human resources commitment but it's one of those commitments that we, we make without thinking twice. >> solution 3 is in the consumer hand before buying any product go to the consumer product safety commission web site to check for recalls. we have a link

. >> ebay does it.zon does it. >> yes. >> craigslist does not. >> they did not and will not do it to date. >>reporter: craigslist denied our request for interview. ross could the up with the if provider. >> they are up sweat craigslist of product recall. >> you haven't reresponsibleed to my question we want to get your answer and your side of the story. not possible to get your side of the story. >>reporter: he refused to answer any questions. but spokesperson by e-mail said craigslist deploy automated system to help prevent posting of recalled items and has further minimize posting of recalled items by craigslist users. san jose base ebay uses software and human beings to weed out recall products and bad sellers. >> it's a sanctional technology and human resources commitment but it's one of those commitments that we, we make without thinking twice. >> solution 3 is in the consumer hand before buying any product go to the consumer product safety commission web site to check for recalls. we have a link t

this sports report is brought to you to nate by ebay. later -- brought to you tonight by ebay.a college coach a hard time. >> thanks, rick. >>> still to come, more weather problems moving into the northeast tonight. what people are bracing for now. and get ready for some busy roads and skies this thanksgiving. why one airline is really tightening things up. first impressions are important. you've got to make every second count. banking designed for the way you live your life. so you can welcome your family home... for the first time. chase. so you can. in tonight's headlines, the coast guard has success spended the search for a missing surfer off the coast of pacifica. witnesses called 9-1-1 around 4:45 to report him thrashing around in the water. his surfboard washed ashore and he was last seen and found 100 yards offshore. investigators want to know how someone sliped by security for the second time this year at mineta san jose international airport. police arrested miguel this morning and they say he sliped on to the tarmac and stole a maintenance truck and tried to evade po

the last time we spoke we were at ebay headquarters a year ago, talking about paypal. thing interesting when it came to why you made the decision to leave. you said being a ceo, public or private, is overrated. why do you feel that way? >> is overrated because most of the things you do every day are not that much fun. that's the truth. if that's you do for a living, you get to a place where there is nowhere up to go. as a result, you have a a lot of social pressure to stay in the job and continue doing the things you do. if you are an entrepreneur, you would rather go build things than manage things. that's why i couldn't resist the opportunity to go build something large, at the scale of one billion plus people. i wasn't able to resist that. >> you are managing 15,000 people at paypal, 100 people at messenger. >> that's great. >> how do you feel seeing everything that has happened in the last -- ebay spinning off paypal? how do you feel about this decision? >> i feel great. worki'm happy, i go to every morning. we have a phenomenal team of young people who don't know

concerned with ebay's payments business. josh brown. at home, still vote please. >> i think it's a reasonable call because the space is outed and about to get a lot more crowded. but i think it's hard to know how the whole payment space will shape out. i think it's clear apple is going to take a slot of share. it's clear that it's really paypal's bills to lose. they are the legacy player with online payments and as things go mobile they are not necessarily going to be as big as they were on the desk top. so i don't think it is a terrible call but i think it's too early for anyone to be pounding their fist on the table. >> ken sera is dramatically reducing his price target in this call as well from 52 to 49. who wants to take that one. >> i think with ebay there are some real questions about around their business. i agree with this one more than the others. look at the people. they agree for certain. 85 to 15. >> you can make a fundamental case for why ebay doesn't need to exist anymore. i'm not long or short but i can side with this. >>

the final, this is the abc 7 sports report brought to you by ebay. raiders matchup coming up in this news cast. >> the hockey highlights make me want to go skating. >> we should do it. >>> all right, coming up on abc 7 news at 11:00. what new audio and video tell us about the shooting of a man in missouri. >>> and plus, michael finney shows you how to use a cell phone. >>> plus, why a judge allowed a family to take her daughter off chemotherapy and ( siren wails ) ( pop music playing ) ♪ when you're ready ♪ ready, ready, ready ♪ come and get it ♪ get it, get it ♪ when you're ready, come and get it ♪ ♪ na na na na ♪ na na na na na na na ♪ ♪ when you're ready, come and get it ♪ ♪ na na na na... female announcer: it's a great big world and it can all be yours. here and only here. ♪ come and get it. you have made my life special by being apart of it.enough. (everyone) cheers! glad you made it buddy. thanks for inviting me. thanks again my friends. for everything, for all your help. through all life's milestones, our trusted advisors are with you every st

. >> ebay does it. amazon does it. >> yes. >> craigslist does not. >> they did not and will not do it to date. >>reporter: craigslist denied our request for interview. ross could the up with the if provider. >> they are up sweat craigslist of product recall. >> you haven't reresponsibleed to my question we want to get your answer and your side of the story. not possible to get your side of the story. >>reporter: he refused to answer any questions. but spokesperson by e-mail said craigslist deploy automated system to help prevent posting of recalled items and has further minimize posting of recalled items by craigslist users. san jose base ebay uses software and human beings to weed out recall products and bad sellers. >> it's a sanctional technology and human resources commitment but it's one of those commitments that we, we make without thinking twice. >> solution 3 is in the consumer hand before buying any product go to the consumer product safety commission web site to check for recalls. we have a li

. >>> the east bay is known as a pioneer in online retail -- ebay, that is. [ laughter ] >> not the east bay. now the san jose--based company is trying to make a mark in the world of brick and mortar stores. as kpix 5's betty yu reports, ebay is hoping to revolutionize the clothing store dressing room. >>> reporter: >> after you select an item, the minute i start doing that i started adding to my dressing room. >> reporter: the designer rebecca's new store in san francisco. set to open next month. it's selling a whole new experience. >> there's no store in the world that has this type of technology. >> reporter: the giant screen to pick out clothes and send them to your fitting room. you will get a text when it's ready. you will get another one when your drink is ready. you can browse the store in the meantime. >> sort of is a natural thing to want to interact with technology and make your life easier and so we wanted to make shopping easier. >> reporter: this looks like any other fitting room but just wait until i get my clothes in here. as soon as i bring the items in, the mirror will

this sports report brought to you by ebay. right, mike, thank you so much. that does it for all of us tonight. avs news continues tomorrow morning at 5:0 - ( helicopter whirring ) - ( roars ) ( siren wails ) ( pop music playing ) ♪ when you're ready ♪ ready, ready, ready ♪ come and get it ♪ get it, get it ♪ when you're ready, come and get it ♪ ♪ na na na na ♪ na na na na na na na ♪ ♪ when you're ready, come and get it ♪ ♪ na na na na... female announcer: it's a great big world and it can all be yours. here and only here. ♪ come and get it. hey john,whoa!k it out. yeah, i was testing to see if we really can turn any device in your house into a tv. and the tablet worked just fine. but i wanted to see if the phone would work as well. so i shrunk sharon. every channel is live just like on tv. but it's my phone. it's genius. shh! i'm watching tv. tiny sharon is mean. i'm right here. watch any channel live on any device around your home. download the xfinity tv app today. exactly the way you want it... until boom, it's bedtime! your

i think ebay would be an interesting play in the u.s.. it does have that same sort of marketplace model that ali baba does. what they would do for alibaba is a big question, is the synergy there? how do you integrate those two business models. is this the best way for ali baba to get into the market. that is the question. >> the e-commerce market in china is potentially reaching its peak. how do they grow? what do you think about all of the -- they have all of the strategic investments from hollywood to pharmaceuticals. which of these is likely to become a big business? >> what they're trying to do right now is to diversify. the diversification, by doing that, that will then lead to further growth. e-commerce market in china, i think it will slow, so to smart for them to look for growth in other areas. >> alibaba's bonds are rated a plus, and twitter is now rated bb. this comes two days after twitter promised a suite of new features. what does the company need to do to win back investor confidence? joining me now is the former head of pla

it's not similar to amazon or ebay. talk about the ecosystem and write about it in your shareholder letter. what does that mean? the u.s. investor say this is china google. >> the china facebook. >> yes. alibaba is so unique. looks like facebook. we believe helping small business, you should have an ecosystem get more people involved. big company. millions of small business, it's impossible to give each business a solution. we should get more parties involved. that is the ecosystem we believe. i've been telling people an ecosystem of africa it is not decided by lion, tiger and elephants, but the minor insects, the tiny insects. these are the things that change the future of ecosystem. so fours, consumers, small business are the key. if we can serve these consumers and small business well, big companies will get involved. if you keep good size of shrimps, all the sharks will come, big fish will come. >> you have surpassed $9 billion now. >> oh, good. >> not bad. that's a good day's work. >> i start to worry. how can we d

ebay.at how they are trying to play in terms of the global market, that might be the first. >> i wonder if twitter is a company, and there has been a lot of talk about a management reshuffle their. is that a place where a founder would be in a better position to lead? >> i think take has a founders mindset. i think he is willing to take the criticism, and part of what you have to be willing to do is say, ok, i need to change this, and i think jake is doing that. this is a way of getting it in advance, so is himself a founder of companies. he is capable of making that kind of decision about here is the new thing. we are going to that entirely these sorts of things. , and ire is's ability think he is thinking about the strategy. >> why do you say at least? you're in a perfect position to know how difficult it is to grow users on a social network, right? and twitter's user growth is slowing down. does twitter need to be taking riskier bets? do they need to evolve the product faster? ev see the

abc7 sports brought to you by ebay. how about the warriors?that's incredible they were good last year. small sample size four games, but with steve kerr they looked scary good. this could be a lot of funo watch. >> abc7 news continues on-line, twitter, facebook and all of your mobile devices with ♪ ♪ [ male announcer ] follow yo joy to a celebration like no other. start your new orleans holiday at followyournola.com.

we mentioned ebay. what about that? >> tech companies are driving this trend.le is google partnered with macy's to launch a new inventory search function. apple devices are being tested in bloomingdale's. in addition to making the shopping experience more pleasant for clients, more fun, ebay is also helping retailers keep better track of their inventory. take a listen. >> every item in here is rfid tagged. that means we have 100% inventory accuracy in the store, so we can do a lot of interesting things. just for some industry context, most department stores, their accuracy for inventory maybe 67%. >> he think's the retail world has been on a bit of a back foot in recent years, but he says they are picking up, and we are also seeing e-retailers like amazon and zappo's open storefronts because consumers are spending more money in stores and online, so this is a big opportunity across the board. >> shelby, who got to go shopping for work. the good life in new york. thank you for joining us. now it is time for the bwest byte, where we focus on one number that tells

two decades later, he sits on the boards of facebook, hp, and, until recently, ebay. his venture capital firm andreessen-horowitz backs some of the hottest companies, like twitter, airbnb, and pinterest. i sit down with marc andreessen at salesforce's dreamforce conference in this special edition of "studio 1.0." >> i wanted to start with a word of congratulations because, 20 years ago, netscape, which you co-founded, launched. can we get some applause for that? [applause] ushering in the web as we know it. how does that feel? >> it is fantastic. it is so extraordinary. we had a little bit of a glimmer that something might happen, that it might matter, that this internet thing might work out ok. it turned out it has. >> you have been incredibly productive since. you started a little venture capital firm, andreessen-horowitz. you have also tweeted 33,000 times. >> in? >> in one year. >> thank you. [laughter] >> which is more than all three founders of twitter combined. >> yes. that is true. >> since twitter started, by the way. >> i really think the stock in the compan

i think the same thing is a great strategy for ebay.robably a lot of other companies will follow that. >> will oracle follow? is oracle one of those companies? >> i think that with oracle, that is difficult. number one, the distribution will be the same no matter what. oracle has to innovate at a higher rate. that's what we've not seen oracle do in the last decade. >> salesforce has been a big acquirer. how do you continue to buy companies without losing focus or getting bloated? >> acquisitions are hard no matter who you are. i can tell you firsthand after doing 25 acquisitions over the last five years, acquisitions are hard. but you can transform your company through acquisitions. they bring incredible people into your company, and if you can nurture them, you can get results. >> what are the challenges when you buy another big company? >> the number one thing is that, as a ceo, you have to choose what you will be in. i only have so much time. where i spend my time is super important. i kind of divide my time into four quadrants. in a