eBay - Superb Internet Business Model Message Board

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Technology Stocks : eBay - Superb Internet Business Model

EBAY 82.49

-0.3%

Nov 26 3:59 PM EST

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To: Doug Fowler who wrote (4327)	7/27/1999 10:48:00 AM
From: Ricky Rydell	Read Replies (1) of 7772

I agree. There are are "quite a few" deadbeat bidders. I base this on my experience. Some are not serious ebay members and are just trying it, or I have had an occasional kid bid without permission. They are a far bigger problem than any shielding tactic, and the nice thing about ebay's business model is that it shield's them from the financial consequences much more than the seller, but I'm there using ebay's service to make money so I have to live with the pros and cons of that venture. The only comments I have about that report on the seller who got shielded down to $225 is: 1) I would never bid on an auction in which only the seller can cancel. Things happen, and in the end if the buyer refuses to pay, no money has exchanged hands and it is unprofitable to go after him anyway. 2) If the item was listed to sell at $225 less a reserve, then the seller should stop wining like a greedy little kid and live up to his end of the bargain. That's part of doing business, especially in an auction environment. You win some big and you lose some. That's the name of the game, and the way it has always been. 3) I would lay down good odds that the reporter covering this story has never used ebay in his life and is nothing more than a parrot that can repeat and paraphrase. That's why he did not have the insight how to get both perspectives on the story.

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