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Apr 20, 2005 -- eBay stock dropping rapidly; what should happen?

Clark has held steady to his opinion that the popular auction site eBay needs to take some responsibility for the fraud and crime happening on its site. The site has created trust among its followers and users over the years. But crooked buyers and sellers have infected the site for the last two years, and eBay has simply washed its hands of the issue. Clark thinks that eBay must get a handle on the fraud in order to maintain its success. It’s apparently already taking a toll, now that news reports show that eBay’s stock has been dropping like a rock. Bloomberg reports that traffic on the site has also dropped, so people are getting more leery of using the site. Christa, Clark’s executive producer, has felt differently since eBay’s inception. She thinks it’s an open marketplace, much like a classified ad, and eBay should not have to assume any responsibility. We want to know what you think. Tell us in our weekly poll. If Clark could decide what happens with eBay, he would offer two kinds of sellers. The first would be bonded sellers, who have been checked out and have a bond. The other group would be unbonded sellers, and it would be buyer beware. It seems that eBay can’t decide whether it wants to protect people or not, and that’s unacceptable to Clark.

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