eBay Today

eBay has been in the news quite a bit today. First it sued classified advertisement website Craigslist for diluting the value of its shares and then the Australian Reserve Bank stated it may consider action against eBay if its decision to force buyers to use PayPal for payment breaks competition laws.

It’s quite amusing that eBay has sued Craigslist (which it holds just under a 25% stake) considering that eBay attempted to release a clone version under the eBay umbrella and Craigslist took no action against eBay… the auction giant has been getting in the press for all the wrong reasons- will someone seize the opportunity and release a decent rival to eBay?