A French court ordered eBay to pay more than $61 million to a high-end fashion company Monday because counterfeit goods were sold on the auction site.
eBay hasn’t had good press in years. Buyers get ripped off constantly and are finding better alternatives.
Craigslist is mainstream, believe it or not. I’m shocked at how many people in their 50s and 60s use craigslist, but have never used eBay. This is a terrible sign for eBay and a great sign for consumers. You’re less likely to get ripped off in a face-to-face transaction. Both parties save time and money on shipping and waiting for delivery. If I held eBay stock, I would slap myself for being dumb and immediately sell my holdings.