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  "documentTitle": "eBay Inc. (EBAY)",
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  "authorName": "Peter A. Feld",
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  "presentationDate": "2020-02-04 00:00:00",
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      "text": "operating margin: $250 million",
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      "kind": "paragraph",
      "text": "We remain open-minded about the best way to pursue a separation of Classifieds, and we are, of course, open to a sale of the business...",
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      "text": "Over the past several years, eBay invested heavily in growth initiatives, which led to margin contraction in the core Marketplace business...",
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      "text": "Source: Company filings and transcripts, Starboard estimates. Payments Operating Income in-line with Company forecast...",
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      "text": "Implied Net Cost Savings in Operating Review Target",
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      "evidence": "The document implies that not separating Classifieds would result in continued underperformance",
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