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Summary:

EBay is claiming victory in its long-standing litigation with Craigslist, after a court reinstated its 28.4 percent stake in the classifieds…

EBay
photo: Flickr / liewcf

EBay is claiming victory in its long-standing litigation with Craigslist, after a court reinstated its 28.4 percent stake in the classifieds site. EBay had sued Craigslist in April 2008, saying the classifieds site had “unfairly” diluted its ownership stake after eBay (NSDQ: EBAY) debuted its own competing classifieds site in the U.S. Craigslist countersued a month later, accusing eBay of using its minority stake in Craigslist to steal corporate trade secrets. The trial, which took place last year, brought out some striking revelations, including that Craigslist founder Craig Newmark had never actually visited the eBay classifieds site.

In a statement, eBay says the “court gave eBay what it sought from this lawsuit.” The reality, however, is more mixed, according to Classified Intelligence Report, which calls it a “split ruling.” While the judge reinstated eBay’s stake in Craigslist to 28.4 percent, up from the diluted 24.85 percent, eBay did not get a seat on Craigslist’s board, which it had been hoping for. Craigslist’s countersuit is also still pending.

  1. eBay’s Dept of Spin can claim whatever they like, but eBay did not get what it really wanted.

    eBay’s many Donahoe-induced problems are hardly worth discussing any more. Clearly, the headless turkeys have taken over the eBay farmyard and, in particular since the sociopathic John Donahoe has been given a key to the larger “disabled” cubicle in the executive wash room, eBay has every quarter, in relative terms, been flushed further and further down the toilet.

    Since April Fools Day (how apt!) and the dumping of “store” items into core, eBay’s new Utah data center appears to have been effectively crippled or, if it is functioning as planned, it’s a very strange plan. Regardless, it would appear that for many users the eBay whale is high and dry on a beach somewhere, has died, and is now starting to stink. I suspect that eBay is now generating more revenue from re-listing fees, for items that remain unsold, than from any other of their fees on genuine sales.

    By the way, how can an established, publicly listed, commercial entity, that is supposedly making so much money, manage to never pay its stockholders a dividend? It appears that the only people that have ever gotten any benefit out of eBay’s stash of overseas cash are the senior managing executives, and even they have been recently selling their eBay stock: eBay’s Chief Headless Turkey and Bain & Co shill, Donahoe, is dribbling out his eBay stock sales on a monthly basis, probably hoping that no one will notice—how naïve can this man and his advisers be?

    http://forums.auctionbytes.com/vbulletin/showthread.php?t=23600

    Methinks that this latter-day “Captain Queeg” and his fellow incompetents are provisioning their personal lifeboats for the undoubted coming announcement that the Donahoe “turn around” is indeed turning around, and around, and around, and, as a result of this turkey’s destructive innovations, the eBay Marketplace is getting lower and lower in the water, at an ever-increasing rate.

    Shill Bidding on eBay: Case Study #4
    This latest study demonstrates eBay’s current utter desperation for revenue and, once again, eBay’s effective aiding and abetting of this criminal activity, at

    http://forums.auctionbytes.com/vbulletin/showthread.php?t=23540

    eBay/PayPal/Donahoe: Dead Men Walking.

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