Pros
The comp was pretty good when the stock price was rising from 2002-2004 but then the stock began dropping in early 2005 so the comp from stock wasn't great anymore. They raised salaries some to make up for it but that's when I left. The people who stayed behind were at a different point in their lives (kids to feed, etc) so they could afford to take less risk. I decided to go back to working at start-ups where there's more upside. The whole challenge with the business is that eBay preaches "community first, community first" but then to please Wall St they have to charge the community more and more to sell on eBay so sellers are finding other ways to sell goods online that are much cheaper than paying eBay/PayPal a 10% commission.
Cons
The culture there was pretty tough. It was very much a "kill or be killed" culture.