Saturday, October 4, 2008

What's eating eBay? Market bidding isn’t going Ebay’s way

Recessions are supposed to be boom times for yard sales and flea markets, so what’s eating eBay (EBAY), the world’s largest bargain bazaar? Ebay shares hit a new five-year low Thursday as yet another analyst weighed in on the nagging deterioration of the auction giant’s business. 
But wait there is more! Power sellers are unhappy about rate structure changes, they claim the new CEO drove off good sellers while keeping the below par ones, changed feedback policies so buyers can rob sellers (and sellers can't even leave negative feedback about it) and messed up the site’s SEARCH beyond repair. Most buyers have walked away because they cannot find anything on the site.

read more | digg story

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