wow Ebay hit hard - eBay Suspended & PayPal Limited Forums
eBay Suspension & PayPal Limited Forums  
Join Today
Register Subscribe
     

Registration is fast, simple and absolutely free so please, join our community today!


Go Back   Home > Stealth Topics > Auction Listing > eBay News

eBay News Do you have News About eBay? Spill it!

Reply
 
Thread Tools
  #1  
Old 07-13-2010
Junior Member
 
Join Date: Mar 2010
Posts: 122
Thanks: 3
Thanked 3 Times in 3 Posts
Activity: 0%
Longevity: 80%
iTrader: (1)
Default wow Ebay hit hard

XPRT Ventures Sues eBay for $3.8 billion

The following is excerpted from a July 13, 2010 Reuters article published at the NY Daily News:

EBay Inc. has been sued for at least $3.8 billion by XPRT Ventures LLC, which accused the online auctioneer and retailer of infringing six patents to develop online payment systems such as PayPal.

The lawsuit was filed on Tuesday in the U.S. district court in Delaware, lawyers for the plaintiff said.

According to the complaint, eBay used confidential and proprietary information from XPRT in its own application for a patent, and also to roll out several features for use in its payment systems.

The lawsuit seeks a minimum $3.8 billion in monetary damages, treble damages resulting from eBay's alleged "willful and malicious conduct," punitive damages, and other remedies.
Reply With Quote
The complete step-by-step guide to get back to selling today!

  #2  
Old 07-13-2010
jimmylott1's Avatar
Junior Member
 
Join Date: Jun 2010
Posts: 30
Thanks: 1
Thanked 0 Times in 0 Posts
Activity: 0%
Longevity: 78%
iTrader: (0)
Default

good...hope that shut paypal down
Reply With Quote
  #3  
Old 07-13-2010
rcdrivertim's Avatar
Senior Member
 
Join Date: Jul 2008
Posts: 132
Thanks: 43
Thanked 18 Times in 13 Posts
Activity: 0%
Longevity: 90%
iTrader: (0)
Default

WOO HOO!!!!!!!!!!!!!!!! Go get these idiots...Would be great if Paypal wasn't the only source of payments on eBay...
Reply With Quote
  #4  
Old 07-14-2010
xl_The_Jackal_lx's Avatar
Senior Member
 
Join Date: May 2010
Posts: 84
Thanks: 0
Thanked 2 Times in 2 Posts
Activity: 0%
Longevity: 79%
iTrader: (2)
Default

XPRT, my new heroes.

WOO! GO GET EM. Burn 'em to the ground!
Reply With Quote
  #5  
Old 07-14-2010
TGMT²'s Avatar
Administrator
 
Join Date: Jul 2008
Posts: 2,889
Thanks: 725
Thanked 1,557 Times in 853 Posts
Activity: 27%
Longevity: 90%
iTrader: (4)
Default

I am not sure why the few that have posted are so happy about this?

PayPal is owned by eBay as everyone knows, most of us derive our income from eBay. If PayPal loses or settles this Lawsuit, where exactly do you think they will recover their losses?

My guess would be the sellers with increased eBay and PayPal fee's and such. As bad as their fee structure is now...it could get way worse.

I for one don't like change.

Last edited by TGMT²; 07-14-2010 at 02:31 AM.
Reply With Quote
  #6  
Old 07-14-2010
slapped's Avatar
Executive [VIP]
 
Join Date: Mar 2010
Posts: 3,363
Thanks: 398
Thanked 1,406 Times in 871 Posts
Activity: 0%
Longevity: 80%
iTrader: (4)
Default

3.8 Billion is a "Drop in the Bucket" for Ebay, Ebay's PROFIT last year alone was over 2 Billion, so 3.8 billion, no big deal they could pay it off in a couple of years. Thats only if they lose the Case--and that has yet to be seen, the case alone should take a few years to settle. And another thing if Ebay feels that they can lose the case they will Settle out of Court for a LOT less than 3.8 billion, so no matter what Happens Nothing will change.

Last edited by slapped; 07-14-2010 at 12:51 AM.
Reply With Quote
  #7  
Old 07-14-2010
MtnDew's Avatar
Senior Member
 
Join Date: Dec 2009
Posts: 454
Thanks: 133
Thanked 48 Times in 41 Posts
Activity: 0%
Longevity: 82%
iTrader: (1)
Default

^^^^^^^

ya i said the same thing in a different situation about cigarettes when they hit 2 dollars a pack. Different situation but basically same idea. the people using the product in the long run pay for these big lawsuits.
Reply With Quote
  #8  
Old 07-14-2010
Trimptop
 
Posts: n/a
Activity: 0%
Longevity: 0%
Default

Good! This made my day!!
Reply With Quote
  #9  
Old 07-15-2010
xl_The_Jackal_lx's Avatar
Senior Member
 
Join Date: May 2010
Posts: 84
Thanks: 0
Thanked 2 Times in 2 Posts
Activity: 0%
Longevity: 79%
iTrader: (2)
Default

Quote:
Originally Posted by TheyGotMeToo View Post
I am not sure why the few that have posted are so happy about this?

PayPal is owned by eBay as everyone knows, most of us derive our income from eBay. If PayPal loses or settles this Lawsuit, where exactly do you think they will recover their losses?

My guess would be the sellers with increased eBay and PayPal fee's and such. As bad as their fee structure is now...it could get way worse.

I for one don't like change.

EBay is not the giant it once was and in my opinion is on the slow way out. EBay is Rome in its final days with barbarians pounding at the gates. And, like Rome, they have nobody to blame but themselves. Once it's gone, or its market share is drastically decreased because people stop using it or it goes bankrupt, suitable alternatives will arise. Or maybe at the very least they'll learn to stop p*ssing in our ears and telling us it's rain.

But maybe that's just wishful thinking.
Reply With Quote
  #10  
Old 07-15-2010
rsot's Avatar
Executive [VIP]
 
Join Date: Dec 2009
Posts: 71,873
Thanks: 5,697
Thanked 8,533 Times in 7,835 Posts
Activity: 100%
Longevity: 81%
iTrader: (7)
Default

It's just a lawsuit - nothing to get excited about ...yet. I will wait to see on decision or settling, whatever. Lawsuits happen all the time!
Reply With Quote
  #11  
Old 07-15-2010
jamblix's Avatar
Senior Member
 
Join Date: Feb 2010
Posts: 875
Thanks: 162
Thanked 199 Times in 145 Posts
Activity: 0%
Longevity: 80%
iTrader: (0)
Default

Why are you all so happy about this? If eBay loses I'm pretty sure it's safe to assume that we the sellers will somehow lose too. Man that is a huge amount of money though, whatever happens I just hope it doesn't affect us negatively.
__________________
“You have to learn the rules of the game. And then you have to play better than anyone else.”

-Albert Einstein
Reply With Quote
  #12  
Old 07-16-2010
xl_The_Jackal_lx's Avatar
Senior Member
 
Join Date: May 2010
Posts: 84
Thanks: 0
Thanked 2 Times in 2 Posts
Activity: 0%
Longevity: 79%
iTrader: (2)
Default

Quote:
Originally Posted by jamblix View Post
Why are you all so happy about this? If eBay loses I'm pretty sure it's safe to assume that we the sellers will somehow lose too. Man that is a huge amount of money though, whatever happens I just hope it doesn't affect us negatively.
I'm not clinging to ebay in hopes that things are going to get better. They're not. At this point all we can hope for IMO is that ebay's monopoly gets broken and some useful competition arises.
Reply With Quote
  #13  
Old 08-13-2010
MadSam's Avatar
Senior Member
 
Join Date: Nov 2008
Posts: 875
Thanks: 80
Thanked 165 Times in 95 Posts
Activity: 0%
Longevity: 88%
iTrader: (3)
Default

eBay's monopoly won't get broken down until the buyers move on - that's going to happen by ebay being hit hard.
Reply With Quote
  #14  
Old 06-23-2011
Subscribed [VIP]
 
Join Date: Jun 2011
Posts: 163
Thanks: 0
Thanked 5 Times in 5 Posts
Activity: 0%
Longevity: 72%
iTrader: (0)
Default

destroying consumer confidence is the key!
Reply With Quote
Reply



Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Ebay tracking via hard drive fingerprint.... Donna eBay Tracking 11 05-31-2010 07:26 PM
eBay is making it hard to contact them unless signed as buyer doughboykilla Subscriber Discussions 5 08-26-2009 09:56 PM
How hard would it be for us to set up our own ebay? BostonsPatriot eBay Discussion! 29 11-24-2008 10:07 AM
Wow Ebay makes it hard to deal with bad buyers doughboykilla eBay Discussion! 4 10-28-2008 01:14 AM
Ebay linked Paypal - Hard Lesson Learned cash415 eBay Discussion! 5 09-11-2008 04:52 PM


Aspkin Group

All times are GMT -5. The time now is 02:47 AM.


Stop the guessing games and learn how you can quickly and easily get back on eBay today!
Read the best selling step-by-step eBay Suspension guide eBay Stealth!
Amazon Suspension? Read Amazon Ghost to get back on Amazon!
vBulletin® Copyright ©2000 - 2023, Jelsoft Enterprises Ltd.
Ad Management by RedTyger
no new posts

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58