Skype hype costs eBay $900million – oops!

It seems eBay’s users are happy to berate each other the old-fashioned way: via terse emails. The Internet auction giant recently bought internet telephony company Skype for $2.6billion, believing they could make huge profits offering free online phone calls to their users. Now eBay finally admits the company is worth hardly anything – a mere $1.7billion.

Apparently top execs at Skype have missed out on a quid or two in juicy dividends because of this minor over-valuation. Our hearts go out to them.

Funny - with Spice Girls tickets already on sale for over £900 on eBay – it seems there are others out there who can’t see the real value of things. 

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