Friday, May 27, 2011

Ebay and Socialism

Dar eBay: you are not a monopoly.

Your company continues to act the part of a socialist government, envious of any citizen who turns a profit.

The company learned that some of their sellers are earning profits, and seek to harvest them. So you again raise your rates. Your announcement was couched in doublespeak. More sellers will flee to competitors. And you will raise them again in the future. And lose more sellers that time as well.

Your base might be growing as the market grows, but your share of the market is shrinking. Someday you'll be Chrysler, a company still probably atop the minivan market.

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