eBay - Superb Internet Business Model Message Board

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Technology Stocks : eBay - Superb Internet Business Model

EBAY 83.82

-0.7%

Nov 14 9:30 AM EST

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To: Bill Harmond who wrote (5868)	10/21/1999 6:44:00 PM
From: KeepItSimple	Read Replies (2) of 7772

>their closure rate is over 70%. Is that closure rate for auctions that have gotten bids and the participants are supposed to make a monetary transaction? Or is that closure rate for ALL AUCTIONS that are listed on the site, irregardless of whether or not they've had any bids? You have to look for this kind of deception, since we've got companies like Priceline walking the fine line of blatant accounting fraud by reporting the entire ticket price as their revenue, when every travel agency in the world BESIDES PRICELINE reports only the commission of that ticket. If an internut company thinks they can get away with fudging the numbers in order to please shareholders, they will.

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