Problems building at eBay

Back in July there were signs that all was not well at eBay, and now Techcrunch UK is reporting that they will start a programme of redundancies on Monday that will ultimately add up to 10% of their global work force.

Also reported on Techcrunch is a substantial decline in digital media M&A and venture capital activity.  The chill wind of winter is upon us people.

Fingers crossed that Capitol Hill approves the $700bn bailout plan – although I very much doubt this will be the last of it.