Pros
The salary is decent The company and its purpose have a lot of potential It pretends to have a great culture on the surface, so people are generally quite happy clappy, while they observe the decline of their business The CEO means well and has a customer-focused mindset, it unfortunately doesn't trickle down into the organisation and he's letting himself get distracted by his clueless exec team with big egos.
Cons
Exec leadership team are almost all either ex- eBay employees who went to Walmart and returned or have worked for Walmart or Sam's Club. They all sit in their ivory tower and superficially reorg the company every 1.5 years and cause chaos. The talented people end up leaving the company and the none talented ones, who've been working there for 10-20 years, stay because they either can't find a job anywhere else or because they're just very comfortable getting a decent salary by just doing the same things over and over again. The product is a disaster, no innovation and it doesn't get better. The marketing team doesn't understand marketing (some more talented people came in who made progress and cleaned things up, but they were scared away by the clueless, feisty and out of touch exec leader). The exec team are all American/American-based with very little international experience, they decided they didn't need regional business leaders, because they know best. Everyone rolls up to the US now and it's pure chaos. On the bright side, they keep the McKinseys and Bains of the world happy by bringing them in on every decision. Unfortunately, nothing good comes out of it in reality, the company is a slowly sinking ship. If they need to make a decision themselves about e.g. team/org setup, it takes 6 months of back and forth to come to a less than ideal outcome. They try to keep volume up by just doing a lot of senseless price promotions and focusing on short-term performance marketing with diminishing returns, because even long-time eBay customers are turning their back on the company and go for competitors.