Wednesday, March 21, 2007

eBay

My apologies to Allen Ginsberg-

eBay I've given you all and now I'm nothing.
eBay two dollars and twenty-five cents February 22, 2007.
For an auction listing.
eBay when will you end the scammer war?
Go fuck yourself with your double speak
I don't feel good don't bother me.
I won't list anymore till I'm in my right mind.
eBay when will you be angelic?
When will you fire Meg Whitman?
When will you look at yourself through the grave?
When will you be worthy of your millions of users?
eBay why are your forums full of tears?
eBay when will you end your insane censorship?
We're sick of your insane demands.
When can we go into the marketplace and buy and sell as WE see fit?
eBay after all it is you and I who are perfect not the next world.
Your machinery is too much for me.
You made me want to be a saint.
There must be some other way to settle this argument.
Sellers, buyers leaving the site, I don't think they'll come back it's sinister.
Are you being sinister or is this some form of practical joke?
I'm trying to come to the point.
I refuse to give up my obsession.
eBay stop pushing I know what I'm doing.

eBay the stock prices are falling.
I haven't read the newspapers for months, everyday somebody goes on trial by
VERO.
eBay I feel sentimental about the sellers.

eBay I used to be an idealist when I was a kid and I'm not sorry.
I shop on independent websites every chance I get.
I sit in my house for days on end and stare at the computer on my desk.

When I go to Amazon I buy stuff and never get scammed.
My mind is made up there's going to be trouble.
You should have seen pharming page.
At first glance I thought it looked perfectly right.
I won't say the Lord's Prayer.
I have mystical visions and cosmic vibrations.
eBay I still haven't told you what you did to Aunt Gertrude after she signed up for an account.

I'm addressing you.
Are you going to let our business plans be run by Wall Street analysts.
You're obsessed by Wall Street Journal.
I read it every week.
I see the millions your executives make on insider trades. On the backs of the sellers.
I read it online while looking for scams and waiting for Vladuz.
It's always telling me about eBay's earnings per share. Businessmen are losing. Ma &
Pa sellers are losing. Everybody's losing but eBay.
It occurs to me I was once eBay.
I was an infant once as well, but I grew then too.
I am talking to myself again.

We are only a week and a half away from the end of Q1 and eBay's media machine is rolling along. Bloggers such as myself, forum groupies and volunteer security monitors seem to have been experiencing some "trans global hallucinations" in the past month. Today in eBay news we see that Manny Ramirez is helping his neighbor sell a grill on eBay, evangelist Ted Haggard's massage table was removed and that Paypal is doing exceedingly well in Europe. eBay stock is getting a strong buy rating from many analysts too.

Perhaps it was naive of me to think that the tens of thousands of scams I've found on eBay in the past 48 hours are of any importance, either now or for the future of the marketplace. eBay has ramped up their end of quarter sales efforts with listing specials, free stores offers and even a radio advertising campaign (that seem to be directed at mentally impaired pre-teens). The sad part isn't just the fact that many users are being scammed and losing money, but that the sellers who fund eBay's growth are suffering as well.

So who is benefiting from keeping the eyes of the world off the recent Vladuz hackings, security breaches and millions of weekly scam/phishing/pharming auctions? It seems the answer is eBay executives. After viewing the reported insider trades at eBay over the past year, it looks as if a large portion of the $1 billion stock buy-back program was actually repurchased from executives who exercised their stock options.

One promotion this week on eBay is 3 free listings for new sellers. No special deals for veteran sellers who have been the engine behind eBay's success and profit. No free listings for Powersellers who spend thousands and thousands of dollars a month in eBay and Paypal fees. No, no such luck. eBay would rather stab longtime users in the back and bring new sellers into the marketplace; fresh faced, naive newbies who are the most at risk for falling for the type of phishing scams that have been plaguing the site and that eBay appears to be defenseless against. Good luck new sellers.

9 Comments:

Anonymous Anonymous said...

I am with you 100%!!!

4:12 PM  
Anonymous Anonymous said...

You might want to see this
http://tinyurl.com/27lvu9
"Ebay: Porn For Sale?"
NewsChannel 19 WHNT-TV

Been buried under all the fluff for a week.

ebaY's excuse of "must be 18" does not hold water, when your 5-6-7 year old is there with you, they still see IT!

Idiots at ebaY!

Idiots!

7:10 PM  
Anonymous iainsdad said...

All so true, see you on the T&S tomorrow? :-)

7:37 PM  
Anonymous Anonymous said...

As Ayn Rand said in the voice of John Galt in Atlas Shrigged, if something seems inexplicable, "check yur premises." If you don't know what you are fighting against, you are unlikely to win. I was the one who sent Firemeg the Insider site, although I'm sure he was aware of the issue before. Let me be totally blunt and specific about what everyone who wants eBay to act responsibly is up against. In the past 5 years, eBay insiders have sold about THREE BILLION dollars of stock that they pruchased trhough stock options given to them as part of their compensation packages for pennies on the dollar. Even just one random trade shows this-

23-Oct-06 COOK SCOTT D
Director 153,636 Direct Option Exercise at $0.39 per share. $59,918

23-Oct-06 COOK SCOTT D
Director 153,636 Direct Automatic Sale at $31.30 per share. $4,808,806


That means simply that Cook made 4 million 7 hundred thousand PLUS bucks from the exercise of ONE of his options in ONE day. Until everyone realizes that THIS AND THIS ALONE is what motivates eBay Management in virtually EVERYTHING they do, anyone trying to combat the immoral behavior of this Corporation dictated from on high will fail. Your are dealing with greedy multimillionaires, and their personal stake in doing ONLY what will line their pockets dictates what eBay will do or not do, will listen to or not listen to. I certainly don't have the answer, but I find one thing extremely curious- I have talked to quite a few in the media over the years, and I have NEVER seen a media representative who has exposed these numbers. Even when eBay tried to profit from the deaths of 150,000+ people in the Tsunami. This garbage is excessive and abusive by any standard, and the cost of options expensing is prohibitive, as in a LOT more than eBay spends on Customer Servive AND "Trust & Safety" combined.

Just food for thought. MAYBE someone out there with some media clout wants to dig into this finally???? WEe're talking about a company whose insiders make millions a day selling options they were handed that doesn't even offer all of its supposed "200 million+" customers an 800 number. Anyone see the irony in that?

8:58 PM  
Blogger dimes said...

Patience.

The volume and varieties of eBay fraud continue to escalate, seemingly limited only by the imagination of the culprits.

In the vast machine that is eBay, even this will take some time to reach critical mass.

Until it does, its customers will continue to increase the fortunes of eBay's executive staff.

9:03 PM  
Anonymous Anonymous said...

Very true, without eBay Paypal would not stand up on its own.

Yes, there are sellers on other auction sites who do allow payment by Paypal but if GOOGLE CHECKOUT would please expand its operations globally then the likes of me could finally CLOSE their Paypal account permanently and thus avoid the probability of being scammed by a chargeback buyer or having the Paypal account hacked.

5:46 AM  
Anonymous Anonymous said...

To follow up my post about insider transactions one last time, first, I apologize for the typos, I had just returned from the dr., and I was woozy.

Again, as Ayn Rand said in the voice of John Galt in Atlas Shrugged, if something seems inexplicable, "check your premises." The premise that eBay employees are incompetent, and eBay is somehow unaware of this is INCORRECT. eBay doesn't have enough employees, and doesn't train them properly OR to be proactive, because that would cost real money. The CS and T&S Departments are badly underfunded INTENTIONALLY, and trained poorly INTENTIONALLY. Everyone who says that it would be easy for eBay to use the same search strings that the Board volunteers who work harder than the vast majority of eBay employees is correct, but this is also INTENTIONAL. For 2 simple reasons. Any hijacking fraud can and will ALWAYS be blamed on phishing, and eBay's Users being phished, and to keep up with the sheer out of control volume of obvious scams, eBay would have to hire MANY more employees, competent ones, like the Board volunteers, and this would cost- money. Why should they spend money when they have the most convenient scapegoat there is, their customers, exspecially since most of the time they are right about how Users give away their passwords? From Pursglove, to Dutta, to England, has anyone ever seen these lying eBay mouthpieces ever take the slightest responsibility for this, even on the occasions when it can be documented that eBay's swiss cheese programming has created huge holes? There is NO way to change the unbounded greed of the people at eBay who actually are raking in the billions EXCEPT to find ways to hit them in their pocketbooks. Their financial gains are FAR too huge. And worse, the long-term success of the company is NOT really a factor in their greed, they get their options, and exercise them making millions, and these options are relatively short term, so they will do anything however damaging it may be to the long term health of the Company to prop the stock price up SHORT TERM.

I reiterate that I don't know the answer, and the eBay spin machine which created the myth about eBay's "Community" is extremely powerful, both in the media and on Capitol Hill. In reality, the "community" is the handful of Insiders making billions from stock options, that's all.

And regarding Firemeg's post? It won't be too long before eBay requires all sellers to accept PayPal, new AND old. Did anyone notice what they did when they cancelled the eBay buyer protection program? With EVERY auction that didn't accept PayPal, there was a prominent statement directly under the seller's feedback box stating "This item is not covered by eBay Protection," or something to that effect. Now if you are a prospective bidder and see that, would you bid? MORE INTENTIONAL, not-too subtle coercion by eBay....

11:59 AM  
Anonymous Anonymous said...

100% With You Ebay fees stink they really did take the fun out of selling. Hopefully time will make a change in the greedy world of today's internet giants.

I left Ebay after there bleed you dry fee rise. I searched for weeks trying to find one that was 100% free and then i found one, A 100% Free Online Auction. http://www.pricenap.com http://www.pricenap.co.uk


There is now a Free Auction site on offer Price Nap they dont charge any seller fees ever. the only charge is £1.00 to get verified after that i can list up to 10,000 auctions for free. With all the features of Ebay for free. I still can not believe this is free.

Also i am now able to offer better prices than my competitors on Ebay due to no sellers fees.
If everyone does the same this will soon overpower Ebay as the market leader.

Help support the free site by selling your product on there I have added my stuff on there but not many buyers yet This should improve in time.

Go take a look for your self

http://www.pricenap.co.uk http://www.pricenap.com

7:36 PM  
Anonymous Anonymous said...

I liked this poem MUCH better when Allen Ginsberg wrote it lol!

2:04 AM  

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