Thursday, May 03, 2007

Lifetime Achievement Award? For the higher seller fees or the enabling of "Technofencing"?

As reported on Slashdot:

"eBay CEO Meg Whitman will accept a special Webby Lifetime Achievement Award next month on behalf of the eBay Community, which has 'permanently changed the way people connect, discover and interact with each other.' Perhaps by then, people will have forgotten how eBay enabled buyer 'Blazers5505' to hook up with sellers like 'oneclickshooting' just weeks before the worst mass shooting in modern US history, prompting eBay to issue a gun-parts-don't-kill-students-guns-and-ammo-do statement that showed little evidence of its celebrated commitment to social consciousness. CEO Whitman, who received $11.1M last year for her leadership efforts, has kept a low profile since tooting eBay's trust-and-safety horn for Wall Street analysts two days after the Va. Tech rampage."

Since Whitman started listening to Wall Street Analysts (read as NOT stockholders) and stopped listening to sellers - eBay has just about become a "fencing" paradise. The only way to make money in the items you sell on eBay nowadays is to have "ZERO COST MARGIN" items where whatever you make on an item is profit. With Paypal tied into eBay so closely - if you have a problem with your PayPal account - you can not function on eBay.

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