This might be one of the funniest (if you find poking sharp objects in your eye humorous) things I have come across since I began writing about eBay.
On March 6th, a Forbes article talked about the number of eBay listings being up nearly 6% this year.
The number of items for sale on eBay has increased from a year ago, but more listings don't necessarily guarantee a big quarter for the online auctioneer.
Goldman Sachs said Tuesday that eBay (nasdaq: EBAY - news - people ) listings from Jan. 1 through March 4 were up 5.8% from the corresponding period last year. The company's shares rose 98 cents, or 3.2%, to close at $31.34 Tuesday.
However, have a look at a recent Medved listing of active auctions:
The spikes and falls in the number of auctions have been attributed by some to the fraud auctions being placed on eBay by Romanian hacker, Vladuz.
So while eBay is touting it's increased number of auctions as good news to investors, the reason behind the increased number of auctions might not be such good news.
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Great Blog Ty!
Glad to see a few people are starting to see through this farcical smoke-blowing by Ebay of late.
imho the terrible mismanagment (both security and PR wise) of the Vladuz affair has only eroded users' trust in Ebay. Have Ebay learnt from this? It would seem not. The bigger problem seems to be that Ebay are now trying to pull the wool over the eyes of the investors. The Forbes propaganda is so blatant I can't believe they would think people are that stupid.
Goldman Sachs? ROFL....
http://www.auctionbytes.com/cab/abn/y02/m12/i20/s01
Posted by: Pheebayer | March 14, 2007 4:57 AM | Permalink to Comment