EBay Posts Loss
EBay Inc. (EBAY) posted a loss of 69 cents per share compared with earnings of 20 cents per share in the year ago period due to a significant write-down of its Skype acquisition. Shares of the online auction site dropped $2.50 to close at $38.10.
posted by FC Market News at 10:47 AM
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http://bluemlein.blogspot.com/
NAMING NAMES parts 1 and 2 will shed some light on eBay's pretensions to aiding those who have been duped on its sites. And it will make clear that eBay usually only protects its sellers, from whom it gets a percentage cut of the sale in addition to the insertion fee.
Anyone thinking of buying eBay stock should also keep in mind that soon there will be a judgment in the case Tiffany vs eBay, which may make eBay more responsible in policing its sellers. In light of the company's taking a percentage of its clients' sales one would think that it does have this responsibility. Perhaps then it would not have to deal with so many fraudulent sale complaints.
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