I don't know what purpose Pierre Omidyar’s new "First Look Media” exercise is ultimately meant to serve but if Omidyar truly had any principles he would instruct eBay Inc. to cease its demonstrable, calculated, facilitation of massive auction fraud on the consumers of the world.
Shill bidding fraud by professional sellers on eBay nominal-start auctions is demonstrably endemic; bidders who bid early and often on such auctions will most likely be sellers' shills, and eBay Inc. is demonstrably the greatest knowing and calculated facilitator of such fraud on consumers that the world is ever likely to know and, doubtless, there will be a trickle down effect of like criminal activity to all other eBay operations ...
The ugly reality of eBay Inc.:
eBay's crooked auctions marketplace ... http://bit.ly/11F2eas
eBay Motors (UK sampling): Auction Fraud Galore ... http://bit.ly/I2gTEU
eBay Motors XSS Redirect Scam in Action: video ... http://bit.ly/1d46NvE
eBay/Gumtree / Barclays Bank Motors Scam … http://bit.ly/1c9Uwck
eBay's clunky, unscrupulous "PreyPal" ... http://bit.ly/UVXx53
The ongoing joke of eBay Inc. ... http://bit.ly/YvxFEg
Fun quotes from the eBay executive suite ... http://bit.ly/12xvzyA
On Facebook ... https://www.facebook.com/groups/formerebaysellers/
Also, sans all the damage that’s already been done to the eBay marketplace by the narcissistic sociopath, Johnny Ho, Omidyar’s current worth of ~4.7 billion dollars may well have been a great deal more; indeed, had he, in August 2007, traded in all his eBay shares for shares in Amazon, he would instead now be worth ~43 billion dollars! Now that, surely, is something for all of eBay’s long-suffering "long" investors to think about ...