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Technology Stocks : eBay - Superb Internet Business Model

EBAY 84.59

+0.6%

Dec 24 12:59 PM EST

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To: Doug Fowler who wrote (46)	9/4/1998 3:39:00 PM
From: tiquer	Read Replies (2) of 7772

Doug, E-bay has a lot going for it... I'd rather not get a bunch of hype going around here till "after" the offering... ;-) The down market will probably delay the offering in some way..??? Did you see this..?? news.com General counsel Brad Handler defended the company's practices. He said customers are repeatedly notified that eBay merely acts as a site, or "venue," for people to buy and sell goods. Ebay does have a good "notification" system in place.. it is just the sellers and buyers who are not reading the info presented.. (most people don't like to read "instructions"...right?) "Our site acts as the venue for sellers to conduct auctions and for bidders to bid on sellers' auctions," the disclosure reads. "We are not involved in the actual transaction between buyers and sellers. As a result, we have no control over the quality, safety, or legality of the items advertised, the truth or accuracy of the listings, the ability of sellers to sell items, or the ability of buyers to buy items." As more consumers turn to e-commerce, regulators are grappling with how to apply established consumer-protection laws to the Net. E-bay has a lot of issues to sort out... The problem I see is the way this is set up each seller is "cunducting an auction"...so.... I guess each seller could be expected to follow the rules and guidelines set up for "brick and mortar auction houses"... If this is so... then it will be where the big problems come in... The potential for big time fraud is there on Ebay and any other 'Net auction"... Will Ebay and others be liable for fraud which occurs on their systems is the question... I don't think they should be..but who will protect the poor consumer who can't take care of themselves.. <g> Roger

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