eBay: Dead Man Walking
Let me then cut straight to the chase with a simple statement from an ex regular eBay buyer’s point of view: eBay (aka “the eBafia”) is now a criminal organization!
How could that be, you ask? Well, with some effort and some multi-auction analysis, it can be very clearly demonstrated (see the following link) that shill bidding fraud by unscrupulous professional sellers, at least on nominal-start auctions, is rampant on eBay auctions, and the executives “in the know” at eBay, unless they are actually as stupid as they apparently think all we simple consumers are, cannot but be aware of that criminal activity (and, if indeed they claim to be not so aware, I am pointing it out to them now). And yet they do nothing proactive nor truly effective to prevent such criminal activity. Indeed, they have done the very opposite, they have introduced a non-unique masking of bidding IDs, which serves no logical purpose other than to further obscure such criminal activity and aid and abet said unscrupulous sellers to, by fraudulent means, maximize their sale prices, thus maximizing eBay’s FVF. (It’s even worse in the UK, where the form of bidder masking makes it simply impossible for buyers to detect the unscrupulous, sophisticated shill-bidding professional sellers that undoubtedly infest their eBay auctions.)
It’s known as “criminal facilitation” and, in most civilized countries, anyone who knowingly facilitates such criminal activity is also considered to be a criminal. It’s as simple as that! Is it any wonder that, relatively speaking, buyers are staying away, and this business is now going down the toilet?
PayPal is a banking-type service, a service that would be more competently carried out under the auspices of the banking community via their credit card company partners. Without the bankers’ knowledge of the entities involved in the transactions, PayPal will always be handicapped—even more so while under the management of such incompetents as those who currently control eBay.
The head turkey at eBay, “Noise” Donahoe, will occasionally talk of the possibility of selling off PayPal because he is just barely smart enough to know that when the major credit card companies do get off their butts and introduce a like card/terminal-less payments system to complement their credit card system, they will do it properly, and the “clunky” PayPal will then sink like a stone—other than, possibly, on what is by then left of the Donahoe-ever-shrinking eBay marketplace.
In support of the above comment I offer the an introduction to an introduction to the full sad/ugly story at
If you want a laugh or a cry (whatever moves you), take a look at this recent video interview of this arrogant, clumsy, inarticulate, flip-flopping, buffoon, Donahoe (the hand language tells it all) at
How this clown ever got to be CEO of a listed public company is incomprehensible to me. He is undoubtedly going to go down in US corporate history as the man who really did “kill the golden goose”.