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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Eric Wells who wrote (75167)	8/23/1999 1:28:00 PM
From: Cap_Loss_Cfwd	Read Replies (2) \| Respond to of 164684

Re Ebay >>Three days after introducing a new selling policy and new fees, online auction leader eBay retreated from the policy under a storm of user protests.<< So, Ebay had to back off on its radical demands that auctioneers pay $1 for a reserve price auction and set minimum bid prices at 25% of the reserve price to discourage the rampant practice of cheating Ebay out of its commissions. Sure sounds like a business model worth $18 billion (or so) to me. Sounds like an industry where they as the leader have zero confidence in the value of their leadership position. Otherwise they would tell all the auctioneers with a $1 pain threshold to go waste someone elses time and clamp down on the cheating. For those who do not use Ebay, the most common scam I have seen is to set a high reserve price that is not met, then Email the highest bidder offering to sell the item at the highest bid price.