eBay is Betting On Bringing Commerce ...

eBay is Betting On Bringing Commerce To Wearables And Other Connected Devices

There are 2 comments on the TechCrunch story from Apr 6, 2014, titled eBay is Betting On Bringing Commerce To Wearables And Other Connected Devices. In it, TechCrunch reports that:

The next frontier for eBay could be bringing commerce to wearables and other connected devices.

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Since: Nov 13

Sydney, Australia

#1 Apr 6, 2014
Endemic fraud on eBay "nominal-start" auctions ...

If you try to buy anything at a “nominal-start” auction on an eBay site, take great care ...

Shill bidding fraud by professional sellers on eBay “nominal-start” auctions is demonstrably endemic; where you see bidders bidding early and often on such auctions they will most likely be sellers' shills, and eBay Inc. is - also demonstrably - the greatest knowing and calculated facilitator of such fraud on consumers that the world is ever likely to know and, doubtless, only the most naïve will believe that there will not be a trickle down effect of like criminal activity to other eBay operations ...

The ugly reality of eBay Inc.:
eBay's crooked auctions marketplace ... http://bit.ly/11F2eas
eBay Motors (UK sampling): Auction Fraud Galore ... http://bit.ly/I2gTEU
eBay Motors XSS Redirect Scams in Action: video ... http://bit.ly/1d46NvE
Barclays Bank–eBay/Gumtree Motors Scams … http://bit.ly/1c9Uwck
eBay's clunky, unprincipled "PreyPal" ... http://bit.ly/UVXx53
The ongoing joke of eBay Inc.... http://bit.ly/YvxFEg
Fun quotes from the eBay executive suite ... http://bit.ly/12xvzyA

The only thing that surprises me about eBay, this lazy, greedy, utterly unscrupulous, criminal operation is that it has not yet summoned up the gall to even further obscure this endemic shill bidding fraud by converting its auctions wholly to its optional, seller-selected, devious, "private listing" format, or by changing bidding IDs to "Bidder 1", "Bidder 2", "Bidder 3", etc, as they initially were going to do/did when Johnny Ho first introduced the additional layer of anonymity for (shill) bidders in 2008, nor - surprisingly - have they yet ceased to publish the details of "completed" listings, a post-sale analysis of which, with some effort, can clearly demonstrate this endemic fraud, and eBay's calculated facilitation thereof, on the consumers of the world ...

And what does the "smart money" on Wall Street think about eBay? Well, in August 2007, when the "Pain From Bain", Johnny Ho, was already effectively in control of eBay, the share prices of eBay and Amazon were both ~$40; now eBay is ~$54; Amazon is ~$322. Clearly, Wall Street considers eBay to be a "dog", and Johnny Ho to be a very poor dog handler ...

One has to wonder if Omidyar has ever thought about just how much more fabulously wealthy he might now have been had he not ok'd the handing over of the control of eBay to the unscrupulous, delusional, destructive, incompetent, narcissistic, sociopathic Johnny Ho? Indeed, had he, in August 2007, traded in the ~108 million eBay shares, that he still holds today, for shares in Amazon, instead of ~$6 billion, his worth would now have been ~$38 billion! Now that, surely, is something for all of eBay's long-suffering "long" investors to think about, is it not?...

Since: Nov 13

Sydney, Australia

#2 Apr 6, 2014
PayPal Media Release—Draft—Confidential …

“It is with great sadness that eBay’s chief headless turkey, Johnny Ho, announces the anticipated incapacitation of eBay’s most ugly adopted daughter,‘PreyPal’.‘PreyPal’ is about to be severely adversely affected by new, particularly virulent, strains of digital wallet: MasterCard’s ‘MasterPass’ and Visa’s ‘V.me’, in addition to financial institutions’ displeasure due to ‘PreyPal’ transactions resulting in far too many credit card charge-backs, and also much ‘PreyPal’ merchant/payee dissatisfaction regarding PayPal’s utterly unprofessional transaction dispute mediation process (or total lack thereof) and arbitrary (unlawful) holds on payees’ funds.

“‘PreyPal’ may therefore be expected to soon begin to deteriorate in health and, if ultimately not completely incapacitated, will most likely be eventually confined to servicing what little there will be left, by then, of the Ho-devastated eBay marketplace, and to being the merchant account provider of last resort for those small online sellers that do not have the confidence of their own retail banker.

“There is no cure this condition, and Johnny Ho is particularly saddened by the inevitability that, in the not too far distant future,‘PreyPal’ will be unable to continue to underpin the eBay marketplace’s atrophying sales and stagnating revenues (albeit counterbalanced by ever increasing, percentage wise, FVFs).” http://bit.ly/UVXx53

“The band continued to play on, even as the bow dipped lower and lower.”—The Titanic/eBay Story ... http://bit.ly/YvxFEg

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