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Technology Stocks : eBay - Superb Internet Business Model
EBAY 84.04+0.1%Dec 23 3:59 PM EST

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To: Scott Moore who wrote (31)8/26/1998 4:59:00 AM
From: Doug Fowler  Read Replies (1) of 7772
 
I was not aware that eBay collects a $10 seller registration fee up front.

When I first started using eBay last September, they allowed me to run auctions up to the point where my account had accrued $10 in eBay commissions. I was then not allowed to run any new auctions until I had paid for the $10.

I always wondered how many dollars they were forgoing. If they are collecting the fee up front now, that is much better in my opinion.

I have been surprised at eBay's small profits so far, especially considering that they had around $9M in sales last quarter, but showed only about $300K in profits, which was about the same number as a year ago on much lower sales.

I can't imagine they are spending all that extra money on advertising. In fact, I don't recall ever having seen an eBay ad.
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