eBay 2013 Annual Report Download - page 57

services but rejecting aspects of the FCC rules that the court interpreted as applying common carrier-type obligations to Internet broadband
providers. The FCC announced its intent to appeal the decision and could pursue alternative rulemaking as well. Pending greater regulatory and
judicial clarity, any interference with our offerings or higher charges for access to our offerings, whether paid by us or by our
customers, could
cause us to lose existing customers, impair our ability to attract new customers and harm our revenue and growth.
Our business depends on the maintenance and security of the Internet infrastructure.
The success of our services depends on the maintenance and security of the Internet infrastructure. Problems caused by “viruses,”
“worms,” malware and similar programs may require considerable resources to correct and could harm the performance of the Internet over a
short or long period of time. In addition, hackers pose an increasing threat to the security of online and mobile commerce. Also, the Internet has
experienced, and is likely to continue to experience, a variety of outages and other delays as a result of damage to portions of its infrastructure.
Any threats to the maintenance and security of the Internet could adversely impact our business.
We are subject to the risks of owning real property.
We own real property, including land and buildings related to our operations. Ownership of this real property subjects us to a number of
additional risks, including:
Some anti-takeover provisions may affect the price of our common stock.
Our Board of Directors has the authority to issue up to 10,000,000 shares of preferred stock and to determine the preferences, rights and
privileges of those shares without any further vote or action by the stockholders. The rights of the holders of common stock may be harmed by
rights granted to the holders of any preferred stock that may be issued in the future. Some provisions of our certificate of incorporation and
bylaws could have the effect of making it more difficult for a potential acquirer to acquire a majority of our outstanding voting stock or take
control of our board of directors. These include provisions that provide for a classified board of directors through our annual meeting of
stockholders in 2015, prohibit stockholders from taking action by written consent and restrict the ability of stockholders to call special meetings.
We are also subject to provisions of Delaware law that prohibit us from engaging in any business combination with any interested stockholder
(as defined by Delaware law) for a period of three years from the date the person became an interested stockholder, unless certain conditions are
met. This restriction could have the effect of delaying or preventing a change of control.
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the possibility of environmental contamination and the costs associated with fixing any environmental problems;
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disruptions to our operations resulting from possible natural disasters, interruptions in utilities and similar events;
• adverse changes in the value of these properties due to interest rate changes, changes in the commercial property markets, or other
factors;
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the possible need for structural improvements in order to comply with zoning, seismic, disability law, or other requirements; and
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the possibility of disputes with tenants, neighboring owners, or others.