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I'm sure this is just the start of down-sizing and layoffs for the company. And I doubt it's just a result of the recession we are currently sliding into but is at least partly attributable to eBay's history of bad business decisions over the past couple of years.

Speaking of which, is it really wise to be sinking $820M into Bill Me Later, which AP describes as "a privately held company that lets online retailers give shoppers credit without detailed application forms" at a time like this?