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1. Comment - EBay to cut 1,000 jobs, spend $1.3B on acquisitions

   (Oct 6, 2008 - 6:55 PM)

   Typical eBay profiteering - slashing 1000 jobs while purchasing two other dying ventures. When is the SEC & FTC going to realize that eBay is a monopoly & one that has actually paid hush money to Google so that Google would not enter the auction market. As if customer service @ eBay isn't slow enough, now they cut 10% of their workforce, all the while raising fees to sellers across the board. Sellers would jump ship from eBay like it was the Titanic if there was anything for them to realistically jump to. Since Craigslist & eBay are fighting, nothing would make me happier for Craig to jump into the auction market ala Kijjii for eBay. eBay truly is the most mismanaged company out there & those having holdings with them better smell the coffee....Sales are way down, Sellers are leaving even with nowhere else to go & Buyers registrations mean absolutely zero - more registrations are not translating into better sales. The mere fact that someone bought a house on eBay for $1.75 is a double edge sword - one that means to me that they obviously do not have enough bidders: Sellers, stand up & take notice!