Pros
No shortage of challenges. Generally, treats employees well. Some good perks like great cafeteria, free fruit, drinks, bagels, cereal, snacks, etc. The technology side of the company is good at identifiying opportunities and going after them. Top performers are rewarded well.
Cons
The product side of the business believes they have a bigger impact on the marketplace than they really do for the new features they create. In many cases the company can be "Penny wise, Pound foolish". Typically, underfunding cost saving, architecture, and infrastructure projects for lukewarm features. Compensation/Performance policies assume eBay is still a highly desireable company with the industries top talent waiting to join. This is no longer the case. While there are no shortage of people looking to join, top talent is often hired away or out bid by competitors.