“EBay argued to the court that it has spent as much as $20 million annually to rid the site of fraud, including buyer protection programs and employees whose sole job is to monitor infringement issues.”
And is not that the nub of the problem? eBay is spending (only) $20 million annually to rid the site of “fraud, including buyer protection programs and employees whose sole job is to monitor infringement issues”.
On his way to virtually bringing the eBay marketplace to its knees, one person—the eBafia Don himself—was effectively taking home $20 million annually—and still we can’t get rid of him either …
Let’s face it, anything to do with “customer support” is an expense that the bean-counting toads at eBay have little intention of incurring. And, I keep wondering when they are going to pay stockholders a dividend out of all that cash they supposedly have stashed away overseas. Or is this whole business simply a short-term “pump and dump” exercise for the benefit of the options-holding executives?
For those with a longer attention span, an evening’s entertainment of details and facts on eBay’s deliberate facilitating of wire fraud on its consumers world wide and a list of links to a number of PayPal horror stories is contained in my post at: http://www.auctionbytes.com/fo...wtopic.php?p=6502877
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