eBay Accused of Price Gouging Scheme

Symbiot writes "eBay is being sued in a Calilfornia court for a practice that the plaintiff, Glenn Block of Pennsylvania, claims artificially raises the amount of a bid. The practice combines the warning emails that eBay sends out when you are the highest bidder and your bid is at your maximum, with the bid increment mechanism. It seems that if your original maximum bid settnig prevents your current bid from falling on an increment then your current bid will be raised to the next increment as soon as you raise your maximum. If the plaintiff wins this class action suit could cost eBay tens or hundreds of millions of dollars."

Comments

A better buyer's market?

[digitect]

Is it just me, or do others here feel that Ebay is a better place to sell than to buy? We have sold plenty on Ebay and always feel like we are getting top dollar. But when it comes to buying, most items look to be top price and it is very hard to find a bargin.

Obviously, some of this is simple supply and demand, but would this incremental inflation, especially in the controlled, percentage-of-the-price method Ebay uses, be making this difference?

Then does Ebay change their ways, make apology, and end up making their site better? (Being coersed into it by a lawsuite.)

Re:Paycheck Shavings

[DrunkenTerror]

Oh. You mean like in Superman 3?

Re:URL

[mcc]

Tuna salad.