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  • commented 6/23/14
  • tags: EBAY GRPN AMZN
  • There have been a number of contributing factors. Adverse publicity and the fallout from the mishandling of the HACKING event, Marcus defection from PayPal over to Facebook, the arrival of Alibaba with 11 Main Street and the coming IPO, etc. Investigations launched by Congressmen Barton of Texas and Rush of Illinois. Then there are the ongoing lawsuits, of course, although Class Action lawsuits against eBay are useless, as they pay pennies on the dollar. But as to the fraud they are engaged in, if enough attention can be brought- enough "noise" made- the FTC and Department of Justice will launch a full-scale investigation. The "hidden seller limits" where they set a sales goal with a known sellers limit, but cap sales is straight fraud. The Chairman of Christie's and Sotheby's were both charged for price fixing awhile back. Also on Google. It is possible to see John D. arrested and charged. The Chairman of Christies was.
    Ebay will not be afraid of a class action suit, as the math on the massive fraud they are engaged in is worth the payout. It is the bad press and the effect on their stock price valuation that will damage them. And possibly being charged with a criminal activity. They are breaking the law with promoting higher seller limits then are actually true, in order to encourage postings that are never seen. This is fraud. The true seller limits are not revealed to the seller. They set a fraudulent sales goal by proxy.
    They use the excuse of the robot program on purpose to attempt to avoid anyone pointing the finger at an executive, but the executives are responsible for what the robots do on the site, if they are engaged in active fraud. [ less... ]
    There have been a number of contributing factors. Adverse publicity and the fallout from the mishandling of the HACKING event, Marcus defection from PayPal over to Facebook, the arrival of Alibaba with 11 Main Street and the coming IPO, etc. Investigations launched by Congressmen Barton of Texas and Rush of Illinois. Then there are the ongoing lawsuits, of course, although Class Action lawsuits against eBay are useless, as they pay pennies on the dollar. But as to the fraud they are engaged in, if enough attention can be brought- enough "noise" made- the FTC and Department of Justice will launch a full-scale investigation. The "hidden seller limits" where they set a sales goal with a known sellers limit, but cap sales is straight fraud. The Chairman of Christie's and Sotheby's were both charged for price fixing awhile back. Also on Google. It is possible to see John D. arrested and charged. The Chairman of Christies was. Ebay will not be afraid of a class action suit, as the math on the massive fraud they are engaged in is worth the payout. It is the bad press and the effect on their stock price valuation that will damage them. And possibly being charged with a criminal activity. They are breaking the law with promoting higher seller limits then are actually true, in order to encourage postings that are never seen. This is fraud. The true seller limits are not revealed to the seller. They set a fraudulent sales goal by proxy. They use the excuse of the robot program on purpose to attempt to avoid anyone pointing the finger at an executive, but the executives are responsible for what the robots do on the site, if they are engaged in active fraud.
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