ric...@aol.com

As to dropping the listing fee: This is only good for sellers if/when
items do not sell. As eBay lowers the fee to list, they are increasing
the Final Value Fee at the same time, thus when the item sells, eBay
is taking a bigger cut on the final sale price of the item. A few
cents saved on listing is wiped out by the increased Final Value fee.

Despite eBays statements otherwise, this new fee structure has no
benefit for sellers, and buyers are going to find unique items and
bargain prices a thing of the past on eBay, as well as higher prices
across the board. This eBay inflation is also carefully manipulated on
eBays part as higher prices mean higher revenue based on fees.

As to PayPal, remember that PayPal's fee structure takes a cut of the
entire transaction, i.e. winning/final bid as well as shipping &
handling. When buyer uses check or money order PayPal sees no cut of
any action, hence eBay is forcing PayPal on buyers and sellers as a
self serving move to increase their profits. This is not a service to
either buyers or sellers, it is simply greed on eBay's part to enhance
their revenues.

Why this is bad for investors is that eBay's pie has been shrinking
steadily, and eBay keeps changing fee structures in order to increase
revenues with fewer transactions. As they reach deeper and deeper into
sellers pockets, profits for sellers evaporate. Sellers are in busines
to make a profit, not to generate revenue for eBay.

Years ago, when eBay fees were significantly lower, sellers were
falling all over themselves to list and sell on eBay. Current
leadership isw blind to the stark reality that as eBay has continued
to raise fees and make it harder for sellers to generate a profit,
sellers have adjusted by pulling back.

Buyers have been pulling back as they follow sellers to other venues
or even to some sellers personal websites.

eBay has now reached the tipping point. Buyers leave when they can no
longer find what they want to buy, and sellers are leaving to avoid
astronomical and unreasonable fees.

The current recession should have generated an increase in eBay
volume, instead sales have declined. The recession is not going away
anytime soon. Q3 and Q4 sales on eBay are going to be the worst in
recent history.

This company may become the next Enron in terms of how hard and how
quickly the company collapses, and the collapse will come by their own
hand.