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OAKLAND — Police are warning Craigslist users about a recent series of robberies — some of which have turned violent — related to ads for cars for sale posted on the popular website.
The ads have lured more than half a dozen victims from all over Northern California offering incredible deals on expensive-model cars, Oakland police spokeswoman Holly Joshi said. E-mails are exchanged and meetings are set up in the early afternoon or evening in different Oakland neighborhoods — such as the Dimond and Rockridge districts — to presumably conclude the purchase. Instead, police said, the victim is robbed at gunpoint and, in at least two cases, physically attacked.
Police think the first such incident involving the same group of suspects occurred in April. After a lull, the activity picked up again in December. Some victims, from as far away as Sacramento, Stockton and San Jose, have lost several thousand dollars, police said. The latest incident occurred Sunday night when a man from Lodi responded to such a posting; he was robbed and severely beaten during the meeting in Oakland.
Police say car buyers should always be wary when responding to online ads, and they offered the following tips:
In May, Oakland police arrested two men in Concord after a sting operation to quell similar robberies related to Craigslist ads. Another man dubbed “the Craigslist robber” was arrested in 2009, also for similar incidents in the East Bay.
Police and Crime Stoppers of Oakland are offering as much as $10,000 in reward money for information leading to the arrest of the suspects in this recent string of robberies. Call Oakland police Officer Eric Milina at 510-238-3426, or Crime Stoppers at 510-777-8572 or 510-777-3211.
American multinational e-commerce corporation
This article is about the international corporation. For the song by "Weird Al" Yankovic, see eBay (song).
Logo since 2012
Headquarters in the Willow Glen district
S&P 500 Component
|Founded||September 3, 1995; 26 years ago (1995-09-03)|
|Headquarters||San Jose, California, U.S.|
37°17′43″N121°55′34″W / 37.2952°N 121.9260°W / 37.2952; -121.9260
|Total assets||US$18.174 billion(2019)|
|Total equity||US$2.87 billion(2019)|
Number of employees
|~13,300 (December 2019)|
|Subsidiaries||Auction Co., iBazar, GittiGidiyor, G-Market, Half.com, Qoo10.jp|
eBay Inc. (EE-bay) is an American multinationale-commerce corporation based in San Jose, California, that facilitates consumer-to-consumer and business-to-consumer sales through its website. eBay was founded by Pierre Omidyar in 1995, and became a notable success story of the dot-com bubble. eBay is a multibillion-dollar business with operations in about 32 countries, as of 2019. The company manages the eBay website, an online auction and shopping website in which people and businesses buy and sell a wide variety of goods and services worldwide. The website is free to use for buyers, but sellers are charged fees for listing items after a limited number of free listings, and again when those items are sold.
In addition to eBay's original auction-style sales, the website has evolved and expanded to include: instant "Buy It Now" shopping; shopping by Universal Product Code, ISBN, or other kind of SKU number (via Half.com, which was shut down in 2017); and other services. eBay previously offered online money transfers as part of its services (via PayPal, which was a wholly owned subsidiary of eBay from 2002 to 2015); online classified advertisements (via Kijiji, or eBay Classifieds Group); and online event ticket trading (via StubHub).
The AuctionWeb was founded in California on September 3, 1995, by French-born Iranian-American computer programmer Pierre Omidyar as part of a larger personal site. One of the first items sold on AuctionWeb was a broken laser pointer for $14.83. Astonished, Omidyar contacted the winning bidder to ask if he understood that the laser pointer was broken; the buyer explained: "I'm a collector of broken laser pointers." It soon became the first online auction site allowing person-to-person transactions, and its popularity boomed.
Reportedly, eBay was simply a hobby for Omidyar until his Internet service provider informed him he would need to upgrade to a business account due to his high website traffic. The monthly price increase from $30 to $250 prompted him to start charging eBay users, who did not object. Chris Agarpao was eBay's first additional employee to process mailed check payments.
Jeffrey Skoll was hired as the first new president of the company in early 1996. In November 1996, the E-Commerce platform entered into its first third-party licensing deal, with a company called Electronic Travel Auction, to use SmartMarket Technology to sell plane tickets and other travel products. Growth was phenomenal: from 250,000 auctions during all of 1996 to 200,000 in January 1997 alone.[verification needed]
The company officially changed the name of its service from AuctionWeb to eBay in September 1997, after Echo Bay Technology Group, Omidyar's consulting firm. The domain name echobay.com was already taken by a gold mining company, so Omidyar shortened it to eBay.com. In 1997 the company received $6.7 million in funding from the venture capital firm Benchmark Capital.
The frequently repeated story that eBay was founded to help Omidyar's fiancée trade Pez candy dispensers was fabricated in 1997 by public relations manager Mary Lou Song to give the media a human-interest story more appealing than Omidyar's original vision of a "perfect market". The Pez dispenser myth generated enormous publicity and led to explosive early growth among toy collectors.
The leader in the toy category quickly became Beanie Babies manufactured by Ty, Inc., the most difficult toys to find in retail stores. As collectors internationally were trying to complete their collection of Beanie Babies, Ty set up the first business-to-consumer Web site, a secondary-market online trading post where people could trade their Beanie Babies. However, it was overwhelmed with unsortable listings, creating an urgent demand for a more efficient online trading system. Beanie Babies quickly became the dominant product on eBay, accounting for 10% of all listings in 1997, as collectors thronged eBay's user-friendly interface to search for specific Beanie Babies.
Meg Whitman was hired by the board as eBay president and CEO in March 1998. At the time, the company had 30 employees, half a million users and revenues of $4.7 million in the United States.
On September 21, 1998, eBay went public. In the risk factors section of the annual report filed with the US Securities and Exchange Commission in 1998, Omidyar notes eBay's dependence on the continued strength of the Beanie Babies market. After eBay went public, both Omidyar and Skoll became instant billionaires: eBay's target of $18 per share was all but ignored as the price went to $53.50 on the first day of trading.
As the company expanded product categories beyond collectibles into almost any saleable item, business grew quickly. In 2000, eBay had 12 million registered users and a cyberinventory of more than 4.5 million items on sale on any given day. In 2001, eBay had the largest userbase of any e-commerce site. In February 2002 the company purchased iBazar, a similar European auction web site founded in 1998, and then bought PayPal on October 3, 2002.
By early 2008 the company had expanded worldwide, counting hundreds of millions of registered users as well as 15,000 employees and revenues of almost $7.7 billion. After nearly ten years at eBay, Whitman decided to enter politics. On January 23, 2008, the company announced that Whitman would step down on March 31, 2008, and John Donahoe was selected to become president and CEO. Whitman remained on the board of directors and continued to advise Donahoe through 2008. In late 2009 eBay completed the sale of Skype for $2.75 billion, but still owned 30% equity in the company.
In 2012, eBay was charged by the United States Department of Justice with entering into non-solicitation agreements with other technology companies involving their highly skilled employees.
On September 30, 2014, eBay announced it would spin off PayPal into a separate publicly traded company, a demand made nine months prior by activist hedge fund magnate Carl Icahn. The spinoff completed on July 18, 2015. eBay's then chief executive, John Donahoe, stepped down from that role. Flipkart and eBay entered into a strategic partnership in 2017 under which eBay Inc acquired a 5.44% stake in Flipkart in exchange for its eBay India business for $211 Mn and a $514 Mn cash investment. As part of the partnership, Flipkart decided to use the eBay's platform for global outsourcing.
On January 31, 2018, eBay announced that they would replace PayPal as its primary payments provider with Netherlands-based start-up Adyen. The transition was set to be completed by 2021, but PayPal would remain an acceptable payment option on the site until further notice.
On September 21, 2018, it was reported that eBay would install a security fence around the perimeter of its San Jose headquarters in response to the YouTube headquarters shooting earlier that year.
On July 31, 2019, the company acquired a 5.59 percent stake in Paytm Mall.
On September 25, 2019, it was announced that Devin Wenig would be stepping down as eBay's CEO, and that Scott Schenkel, senior vice president and chief financial officer since 2015, had been appointed as the interim CEO.
On April 13, 2020, it was announced that Jamie Iannone would become the CEO on April 27. On June 15, 2020, eBay stated that that five employees were terminated in September after a law enforcement notification in August because of a possibly criminal case of harassment of journalists perpetrated by some of the terminated employees. Six former employees were charged with Aggressive Cyberstalking. 
In July 2020, Adevinta announced to acquire eBay Classifieds Group. The deal closed on June 25.
Board of directors
As of October 2019 the board of directors was as follows:
- Thomas J. Tierney, co-founder of the Bridgespan Group, Chairman of eBay since March 2003
- Fred D. Anderson, former managing director of Elevation Partners, director of eBay since July 2003
- Anthony Bates, CEO of Genesys
- Adriane M. Brown, advisor at Intellectual Ventures, LLC
- Diana Farrell, CEO of JPMorgan Chase Institute
- Logan Green, CEO of Lyft
- Bonnie Hammer, Chairman, NBC Universal
- Kathleen Mitic, CEO of Sitch, Inc.
- Matt Murphy, CEO of Marvell Technology Group
- Paul Pressler, Partner at Clayton, Dubilier & Rice, LLC
- Bob Swan, CEO of Intel Corporation
- Perry Traquina, CEO of Wellington Management Company
- Former board members
- Pierre Omidyar, director since 1996 and chairman of eBay from May 1996 to May 2015. In 2020, it was announced that he will be leaving the board, however, will still hold the director emeritus title. Additionally, he could still potentially attend board meetings if invited, but won't have the right to vote.
- Meg Whitman. She was president and CEO of eBay from 1998 to 2008.
- Jesse Cohn, Head of U.S. Equity Activism at Elliott Management Corporation. He joined the board in 2019 and left the next year.
In September 2012, eBay introduced a new logo using a thinnner variation of the Univers typeface, installed on the website on October 10, 2012. It replaced the thicker Univers logo that had been used since eBay's inception in 1995. An all red eBay logo with the same type set was also introduced to be used temporarily for various holidays.
Profit and transactions
eBay generates revenue by a complex system of fees for services, listing product features, and a final value fee for sales proceeds by sellers. As of 2019 the US-based eBay.com charges $0.35 as an insertion fee for a basic listing without any adornments. The final value fee is 10-12% of the total amount of the sale, which is the price of the item plus shipping charges. Reduced final value fees are available to business registered customers. Other eBay websites follow a similar fee structure, but with different cost charges.
Under US law before 2018, a state cannot require sellers located outside the state to collect a sales tax, which made making purchases on eBay more attractive to American buyers. Sellers that operate as a business do follow state tax regulations on eBay transactions. Since 2018, changes to tax law in the United States force eBay (and other large marketplaces) to collect sales tax on any eBay purchase shipped to certain states.
The company's business strategy includes increasing international trade. eBay has already expanded to over two dozen countries, including China and India. Strategic international expansion has failed in Taiwan and Japan, where Yahoo! had a head start, and New Zealand, where Trade Me is the dominant online auction website. eBay also notably failed in China due to competition from local rival Taobao. eBay entered the Chinese market in 2002 and shut down its Chinese site in 2007. In India, eBay's operations came to a halt after it sold off its India operations to country's largest ecommerce company Flipkart, in the latter's $1.4Bn fundraise, where eBay was a participant.
In its Q1 2008 results, total payment volume via PayPal increased 17%, but of the eBay auction site it was up 61%.
For most listing categories, eBay sellers are permitted to offer a variety of payment systems such as Escrow.com,PayPal, Paymate, Propay, and Skrill. Propay and Skrill were banned effective September 27, 2015, citing low usage.
Escrow.com is eBay's approved escrow site. The transactions processed through Escrow.com largely are in relation to eBay Motors; however, they are not restricted to this type of listing.
eBay runs an affiliate program under the name eBay Partner Network. eBay affiliate marketers were originally paid a percentage of the eBay seller's transaction fees, with commissions ranging from 50% to 75% of the fees paid for an item purchased. In October 2009, eBay changed to an affiliate payout system that it calls Quality Click Pricing, in which affiliates are paid an amount determined by an undisclosed algorithm. The total earnings amount is then divided by the number of clicks the affiliate sent to eBay and is reported as Earnings Per Click, or EPC. In October 2013, ePN launched a new pricing model. The new model is more transparent and is based on category-level base commission rates with bonuses available for referring new and reactivated buyers.
On April 18, 2012, eBay reported a 29% Q1 revenue increase to $3.3 billion compared to their Q1 in 2011. Net income was reported to be at $570 million for the quarter.
For the fiscal year 2017, eBay reported losses of US$1.016 billion, with annual revenue of US$9.567 billion, an increase of 6.6% over the previous fiscal cycle. eBay's shares traded at over $35 per share, and its market capitalization was valued at over US$27.2 billion in October 2018.
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On May 8, 2008, eBay announced the opening of its newest building on the company's North Campus in San Jose, which is the first structure in the city to be built from the ground up to LEED Gold standards. The building, the first the company had built in its 13-year existence, uses an array of 3,248 solar panels, spanning 60,000 square feet (5,600 m2), and providing 650 kilowatts of power to eBay's campus. The array can supply 15–18% of the company's total energy requirements, reducing the amount of greenhouse gases that would be produced to create that energy by other means.SolarCity, the company responsible for designing the array, estimates that the solar panels installed on eBay's campus will prevent 37 million pounds of carbon dioxide from being released into the environment as a result of replaced power production over the next three decades. Creating an equivalent impact to remove the same amount of carbon dioxide from the atmosphere would require planting 322 acres (1.30 km2) of trees.
The design of the building also incorporates other elements to reduce its impact on the environment. The building is equipped with a lighting system that detects natural ambient light sources and automatically dims artificial lighting to save 39% of the power usually required to light an office building. eBay's newest building also reduces demand on local water supplies by incorporating an eco-friendly irrigation system, and low-flow showerheads and faucets. Even during construction, more than 75% of the waste from construction was recycled. eBay also runs buses between San Francisco and the San Jose campus to reduce the number of commuting vehicles. In 2014, eBay and several other Oregon businesses signed the Oregon Business Climate Declaration to promote local job growth and slow carbon pollution.
Main article: List of acquisitions by eBay
On October 3, 2002, PayPal became a wholly owned subsidiary of eBay. Its corporate headquarters were sited in San Jose, California, United States at eBay's North First Street satellite office campus. On September 30, 2014, eBay Inc. announced the divestiture of PayPal as an independent company, which was completed on July 20, 2015.
In the summer of 2004, eBay acknowledged that it had acquired 25% of classified listings website Craigslist. Former Craigslist executive Phillip Knowlton was the seller, and he insisted that his former employer was aware of his plans to divest his holdings. Initially, eBay assured Craigslist that eBay would not ask Craigslist to change the way it did business.
In March 2005, eBay launched the classifieds service Kijiji. In April 2008, eBay sued Craigslist to "safeguard its four-year financial investment", claiming that in January 2008, Craigslist took actions that "unfairly diluted eBay's economic interest by more than 10%". Craigslist countersued in May 2008 "to remedy the substantial and ongoing harm to fair competition" that Craigslist claimed was constituted by eBay's actions as a Craigslist shareholder. In September 2010, Delaware Judge William Chandler ruled that the actions of Craigslist were unlawful and that the actions were taken by Craigslist founders Jim Buckmaster and Craig Newmark had "breached their fiduciary duty of loyalty", and restored eBay's stake in the company to 28.4% from a diluted level of 24.85%. However, the judge dismissed eBay's objection to a staggered board provision, citing that Craigslist has the right to protect its own trade secrets. eBay spokesman Michael Jacobson stated "We are very pleased that the court gave eBay what it sought from the lawsuit."
In October 2005, eBay Inc. acquired Skype Technologies, developer of the SkypeVoIP and Instant messaging service, significantly expanding its customer base to more than 480 million registered users worldwide. eBay later sold a majority stake in Skype in November 2009, while retaining a minority investment. This eventually led to the sale of the entire Skype business to Microsoft for $8.5 billion in May 2011.
StubHub's acquisition by eBay was announced in January 2007 for a reported $310 million. According to CNN Money, 2007 was a very successful year for the company, handling five million individual transactions, more than in the previous six years combined of its history. Staffing at StubHub had increased to 350 workers by the time of the sale. Eight months after the acquisition, StubHub reached an exclusive agreement with Major League Baseball (MLB). They get a piece of the 25% in commissions StubHub earns on either end of a sale. Ticketmaster filed a lawsuit against StubHub and eBay in 2007, alleging "intentional interference" with Ticketmaster's contractual rights. In November 2019, eBay agreed to sell StubHub to Viagogo for $4.05 billion in cash; the sale was completed in February 2020.
In April 2018, eBay acquired the Japanese division of Qoo10, a market place driven by Giosis and having the 4th GMV in Japan, for a reported $573 million. With the close of the transaction, eBay also has relinquished its investment in Giosis’ non-Japanese businesses. This acquisition expands eBay's footprint in Japan, one of the largest e-commerce markets in the world. eBay made an initial investment in Giosis Pte. Ltd. in 2010. Since then, Giosis has established dynamic marketplace businesses across Asia. eBay's Japan business, including Giosis’ Japan business, will report into Jooman Park, senior vice president of eBay's Asia Pacific region.
Use for data analysis
eBay is a publicly visible market which has attracted interest from economists, who have used it to analyze aspects of buying and selling behavior, auction formats, etc., comparing them with previous theoretical and empirical findings.
Computer information systems researchers have also shown interest in eBay. Michael Goul, Chairman of the Computer Information Systems department of the W. P. Carey School of Business at Arizona State University, published an academic case based on eBay's big data management and use in which he discusses how eBay is a data-driven company that processes 50 petabytes of data a day.
eBay uses a system that allows different departments in the company to check out data from their data mart into sandboxes for analysis. According to Goul, eBay has already experienced significant business successes through its data analytics. eBay employs 5,000 data analysts to enable data-driven decision making.
In 2006 the accounting software company Intuit launched a web-based donation tracking service called ItsDeductible. The service uses data from eBay to help users assign a market value to the items they donate.
In July 2017 eBay released an image search capability allowing users to find listings on the site that match an item depicted in a photo, using artificial intelligence and machine learning technologies.
UK's GCHQ has a suite of tools for monitoring target use of eBay, named ELATE.
Millions of collectibles, decor, appliances, computers, furnishings, equipment, domain names, vehicles, and other miscellaneous items are listed, bought, or sold daily on eBay. In 2006, eBay launched its Business & Industrial category, breaking into the industrial surplus business. Generally, anything can be auctioned on the site as long as it is not illegal and does not violate the eBay Prohibited and Restricted Items policy. Services and intangibles can be sold, too. Large international companies, such as IBM, sell their newest products and offer services on eBay using competitive auctions and fixed-priced storefronts. Separate eBay sites such as eBay US and eBay UK allow the users to trade using the local currency. Software developers can create applications that integrate with eBay through the eBay API by joining the eBay Developers Program. In June 2005, there were more than 15,000 members in the eBay Developers Program, comprising a broad range of companies creating software applications to support eBay buyers and sellers as well as eBay Affiliates.
Numerous government and police agencies around the world now use eBay as well as traditional auctions to dispose of seized and confiscated goods.
Controversy has arisen over certain items put up for bid. For instance, in late 1999 a man offered one of his kidneys for auction on eBay, attempting to profit from the potentially lucrative (and, in the United States, illegal) market for transplantable human organs.
Beginning in August 2007, eBay required listings in "Video Games" and "Health & Beauty" to accept its payment system PayPal and sellers could only accept PayPal for payments in the category "Video Games: Consoles". Starting January 10, 2008, eBay said sellers can only accept PayPal as payment for the categories "Computing > Software", "Consumer Electronics > MP3 Players", "Wholesale & Job Lots > Mobile & Home Phones", and "Business, Office & Industrial > Industrial Supply / MRO". eBay announced that starting in March 2008, eBay had added to this requirement that all sellers with fewer than 100 feedbacks must offer PayPal and no merchant account may be used as an alternative. This is in addition to the requirement that all sellers from the United Kingdom have to offer PayPal.
Further, and as noted below, it was a requirement to offer PayPal on all listings in Australia and the UK. In response to concerns expressed by the Australian Competition and Consumer Commission, however, eBay has since removed the policy on the eBay.com.au website requiring sellers to offer PayPal as a payment option.
On April 24, 2006, eBay opened its new eBay Express site, which was designed to work like a standard Internet shopping site for consumers with United States addresses. Before it closed in 2008, selected eBay items were mirrored on eBay Express, where buyers used a traditional digital shopping cart to purchase from multiple sellers. The UK version was launched to eBay members in mid-October 2006, but on January 29, 2008, eBay announced its intention to close the site. The German version, eBay Express Germany, was also opened in 2006 and closed in 2008.
At the 2008 eBay Developer's Conference, eBay announced the Selling Manager Applications program (SM Apps). The program allows approved developers to integrate their applications directly into the eBay.com interface. The applications created by developers are available for subscription by eBay members who also subscribe to Selling Manager.
eBay maintains a number of specialty sites including the discussion boards, groups, answer center, chat rooms, and reviews and guides. eBay's mobile offerings include SMS alerts, a WAP site, Java ME clients, and mobile applications for Windows Phone, Android OS, and Apple iPhone.
The initiative Choice in eCommerce was founded on May 8, 2013, by several online retailers in Berlin, Germany. The cause was, in the view of the initiative, sales bans and online restrictions by individual manufacturers. The dealers felt cut off from their main sales channel and thus deprived them the opportunity to use online platforms like Amazon, eBay, or Rakuten in a competitive market for the benefit of their customers.
Main article: Unusual eBay listings
Many unusual items have been placed for sale on eBay, including at least two previously undiscovered species, including the Coelopleurus exquisitussea urchin.
Prohibited or restricted items
In its earliest days, eBay was nearly unregulated. However, as the site grew, it became necessary to restrict or prohibit auctions for various items. Note that some of the restrictions relate to eBay.com (the US site), while other restrictions apply to specific European sites (such as Nazi paraphernalia). Regional laws and regulations may apply to the seller or the buyer. Generally, if the sale or ownership of an item is regulated or prohibited by one or more states, eBay will not permit its listing. Among the hundred or so banned or restricted categories:
- Tobacco (tobacco-related items and collectibles are accepted.)
- Alcohol (alcohol-related collectibles, including sealed containers, as well as some wine sales by licensed sellers are allowed, some sites such as ebay.com.au allow licensed liquor sales) (eBay announced September 21, 2012, it will begin removing listings for beer and liquor from its site after a story was aired on ABC series 20/20.)
- Drugs and drug paraphernalia
- Items that "promote or glorify hatred, violence, racial, sexual, or religious intolerance, or promote organizations with such views". This includes Nazi paraphernalia, although there are exceptions to this rule for Nazi items such as stamps, letters, and envelopes displaying Nazi postmarks (must comply with the currency and stamp policy)
- Items depicting the Confederate battle flag.
- Bootleg recordings
- Firearms and ammunition (as of January 1, 1999), including any parts that could be used to assemble a firearm as well as (as of July 30, 2007) any firearm part that is required for the firing of a gun, including bullet slugs, brass casings and shells, slides, cylinders, magazines, firing pins, trigger assemblies, etc. Various types of knives are also forbidden.
- Police and emergency service vehicular warning equipment such as red or blue lights and sirens (antique or collectible items are exempt)
- Intentionally soiled underwear (see Panty fetishism) and dirty used clothing
- Forged, illegal, stolen, or confidential documents, which include passports, Social Security cards, drivers licenses, voter registration cards, birth certificates, school documents, medical records, financial information, government license plates, or government classified information documents. Any item that is used to modify documents is also restricted.
- Human body parts, organs, and remains (with an exception for skeletons and skulls for scientific study, provided they are not Native American in origin)
- Live animals (with certain exceptions)
- Certain copyrighted works or trademarked items
- Lottery tickets, sweepstakes tickets, or any other gambling items.
- Military hardware such as working weapons or explosives with the exception of demilitarizedvehicles.
- Any object of Iranian, Cuban, Syrian or North Korean origin.
- Enriched uranium, plutonium, and other fissile material.
- Certain categories of sexually oriented material, which must be listed in the "Adult Only" category, notwithstanding certain items prohibited:
- Virtual items from massively multiplayer online games, restrictions that vary by country
- Ivory products
- Knives, other than some cutlery, are prohibited in the UK following the criminal importation into the UK (by BBC Watchdog researchers) of several knives that were already illegal to own or import under existing UK legislation. The ban also includes empty leather knife scabbards if they are listed under the category of "knives" on one of the eBay sites
- Fortune-telling and witchcraft-related services
- Souls, ghosts, and other "items whose existence cannot be verified" are prohibited.
- Surgical masks, hand sanitizer, disinfecting wipes, and other products associated with COVID-19 pandemic in order to stop price gouging 
- Many other items are either wholly prohibited or restricted in some manner.
Main article: Proxy bid
Bidding on eBay (old or new)'s auction-style listing is called proxy bidding and is essentially equivalent to a Vickrey auction (sealed-bid), with the following exceptions.
- The winning bidder pays the second-highest bid plus one bid increment amount (that is, some small predefined amount relative to the bid size), instead of simply the highest bid. However, since the bid increment amounts are relatively insignificant compared to the bid size, they are not considered from a strategic standpoint.
- The highest bidder's bid is sealed, as in a Vickrey auction, but the current winning bid (second highest plus one increment) is displayed throughout the auction to allow price discovery.
- Because eBay's auction-style listings are sealed-bid, it is usually to all bidders' advantage that bids are made only at the very end of the auction (except for an initial minimum bid, that cancels out a "Buy It Now" option, or prevents the seller from ending the listing early). Early bids will usually not increase the bidder's chance of winning the auction, and will often raise the item's final price (winning bid) for the eventual winner.
- eBay also allows sellers to offer a "Buy it Now" price that will end the auction immediately. The Buy It Now price is available until someone bids on the item, or until the reserve price is met. When the Buy It Now option disappears, the auction-style listing proceeds normally.
In 2008, eBay implemented a system of seller ratings with four categories. Buyers are asked to rate the seller in each of these categories with a score of one to five, with five being the highest rating. Unlike the overall feedback rating, these ratings are anonymous; neither sellers nor other users learn how individual buyers rated the seller. The listings of sellers with a rating of 4.3 or below in any of the four rating categories appear lower in search results. Power Sellers are required to have scores in each category above 4.5.
In a reversal of roles, on January 24, 2010, Auctionbytes.com held an open survey in which sellers could rate eBay, as well as competing auction and marketplace sites. In the survey, users were asked to rank 15 sites based on five criteria: profitability, customer service, communication, ease of use, and recommendation.
eBay was ranked 13th, after other large sites such as Amazon and Craigslist, as well as lesser-known selling sites such as Atomic Mall, eCRATER, and Ruby Lane. In individual category rankings, eBay was rated the worst of all the 15 sites on customer service and communication, and average on ease of use. Some respondents stated they would have given eBay a rating of 10, three to five years ago. eBay was rated twelfth out of fifteen in the Recommended Selling Venue category.
Using MissionFish as an arbiter, eBay allows sellers to donate a portion of their auction proceeds to a charity of the seller's choice. The program is called eBay Giving Works in the US, and eBay for Charity in the UK. eBay provides a partial refund of seller fees for items sold through charity auctions. As of March 4, 2010, $154 million has been raised for US nonprofits by the eBay Community since eBay Giving Works began in 2003.
Some high-profile charity auctions have been advertised on the eBay home page. As of June 2010, the highest successful bid on a single item for charity was for the annual "Power Lunch" with investor Warren Buffett at the famous Smith & Wollensky Steakhouse in New York. The winning bid was $2.63 million with all of the proceeds going to the Glide Foundation. The winning bidder was not made public, but was able to bring up to seven friends to the lunch. In 2012, a higher bid, of $3.46 million, also going to the Glide Foundation, won a lunch with Buffet. In 2016 an anonymous bidder won a $3.45 million lunch with Warren Buffett and the money raised from the auction was given to Glide Foundation.
The previous highest successful bid on a single item for charity was for a letter sent to Mark P. Mays, CEO of Clear Channel (parent company of Premiere Radio Networks the production company that produces The Rush Limbaugh Show and Glenn Beck Program) by Senator Harry Reid and forty other Democratic senators, complaining about comments made by conservative talk show host Rush Limbaugh. The winning bid was $2,100,100, with all of the proceeds going to the Marine Corps-Law Enforcement Foundation, benefiting the education of children of men and women who have died serving in the armed forces. The winning bid was matched by Limbaugh in his largest charity donation to date.
In 2007; eBay Canada partnered with Montreal-based digital branding agency CloudRaker to develop a campaign to raise money for Sainte-Justine children's hospital in Montreal. They aligned themselves with Internet phenomenon Têtes à claques to create an eBay auction based on popular T-A-C character Uncle Tom, an infomercial host who pitches absurd products. eBay and CloudRaker reproduced Uncle Tom's imaginary products, The Body Toner Fly Swatter, The Willi Waller Potato Peeler, and the LCD Shovel and sold them online. In six weeks, they raised $15,000 for Hôpital St-Justine with one fly swatter, one potato peeler, and one shovel, a world record. The Body Toner Fly Swatter sold for $8,600, the Willi Waller Potato Peeler sold for $3,550, and the LCD Shovel sold for $2,146.21.
During auction setup, eBay provides shipping-method choices to sellers: ordinary mail, express mail, and/or courier service. The seller may choose to offer only one shipping method to buyers, or the seller may offer buyers a choice of options.
Very-low-value items shipped directly from China are sometimes shipped by surface mail (seamail), which is inexpensive but takes one to two months. If the buyer is in a hurry, he or she might be able to pay an extra fee to upgrade to second-class Surface Air Lifted shipping or to first-class airmail shipping.
Since 2012, eBay has been enlisting sellers into its "Global Shipping Program". If a seller uses the program, non-domestic buyers pay a fee to Pitney Bowes. The seller sends the item to a Pitney Bowes facility in the US (or the UK), which then forwards it to the buyer, taking care of all international shipping requirements. The program is claimed to enhance the product selection available to international buyers.
Controversies and criticism
Main article: Criticism of eBay
Common eBay criticisms involve the policy of requiring the use of PayPal for payments and concerns over fraud, forgeries and intellectual property violations in auction items. There are also issues of how negative feedback after an auction can offset the benefits of using eBay as a trading platform. eBay has been criticized for not paying UK taxes: the Sunday Times reported in October 2012 that eBay paid only £1.2m in tax on sales of over £800m.
2014 security breach
On May 21, 2014, the company revealed that the consumer database of usernames, passwords, phone numbers, and physical addresses had been breached between late February and early March. Users were advised to change their passwords; to expedite this, a "change password" feature was added to profiles of users who had not yet done so. The Syrian Electronic Army took responsibility for the attack. The SEA said that even though the hack revealed millions of users' banking details to them, they would not misuse the data. They had replaced the front pages of the websites with their own logo, called "Defacing" in technical terms. The hack caused eBay's share price to crash in intra-day trade as a result of the breach of security.
Main article: eBay stalking scandal
A cyberstalking and harassment campaign conducted in 2019 against an online newsletter led to charges made public in 2020 against seven members of eBay's global security team, as well as arrests of two of those charged. Wenig, the company's CEO at the time of the harassment campaign, has not been not charged.
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Soyez malin et vérifiez à l'avance. CARFAX - l'historique de votre véhicule d'occasion.
CARFAX - votre expert en historique de véhicules d'occasion
On ne veut pas toujours tout savoir, mais il le faut quand on achète une voiture d'occasion. En tant que fournisseur indépendant d'historiques de véhicules, CARFAX a pour mission de vous aider à faire exactement cela : découvrir le plus grand nombre possible d'événements dans la vie d'une voiture d'occasion. Parce que nous voulons que vous connaissiez votre prochain véhicule, de l'intérieur et l'extérieur, avant de lui donner une place dans votre garage et dans votre vie. Votre prochaine voiture ne devrait avoir aucun secret pour vous.
Notre outil est une base de données internationale comprenant actuellement plus de 28 milliards d'événements historiques provenant de 20 pays européens, des États-Unis et du Canada. Et il s'enrichit chaque jour de nouvelles informations.
Mais même si vous vivez dans un pays où les données sur les véhicules ne nous sommes pas disponibles, il est toujours utile de vérifier, avec CARFAX, le numéro d'identification du véhicule choisi avant de l'acheter. L'importation et l'exportation de voitures d'occasion sont florissantes et de nombreux propriétaires seraient surpris d'apprendre ce que leur voiture a déjà vécu à l'étranger.
Ne vous méprenez pas, nous essayons d'examiner la vie entière d'une voiture, mais pas la vie de son ancien propriétaire. Nos informations ne concernent pas les personnes, mais la voiture d'occasion elle-même, son compteur kilométrique, les éventuels accidents cachés, la provenance de la voiture et bien plus encore. Dans de nombreux cas, nous avons déjà été en mesure de découvrir une perte totale. Parfois, cependant, nous ne trouvons rien. Et cela peut aussi être bon signe.
Il se vend beaucoup plus de voitures d'occasion que de voitures neuves. Nous pensons que ce système de seconde main est fantastique en soi, mais cela donne aussi lieu à des pratiques de mauvaise foi : certains vendeurs déguisent un véhicule accidenté sous une couche de peinture fraîche, manipulent le compteur kilométrique ou dissimulent un vol. Nous voulons combattre ces méthodes et créer une nouvelle base de confiance entre l'acheteur et le vendeur, car c'est la meilleure condition préalable à une bonne décision d'achat. Votre nouvelle voiture doit vous apporter la sécurité et être fiable. Cela comprend également le sentiment de ne pas avoir payé trop cher pour votre nouvelle voiture. Un prix qu'elle ne vaut peut-être pas.
Mais surtout, nous ne voulons pas que vous vous mettiez, sans le savoir, au volant d'une voiture présentant un risque pour votre sécurité. C'est pourquoi nous contribuons, littéralement, à retirer ces véhicules de la circulation afin que non seulement le marché des voitures d'occasion soit plus sûr, mais que nos routes le soient également.
CARFAX - Plus de 35 ans d'expérience dans le domaine de l'historique des véhicules
CARFAX a été fondé aux États-Unis en 1984 et s'est étendu à l'Europe en 2007. Actuellement, environ 100 employés répartis sur 6 sites européens travaillent au traitement des informations sur les véhicules provenant de 22 pays.
Grâce à des partenariats stratégiques avec des DMV (département des véhicules motorisés), des organismes d'application de la loi, des ministères, des compagnies d'assurance, des agences d'inspection et de nombreuses autres entreprises de premier plan dans le monde entier, nous sommes en mesure de constituer une base de données internationale unique d'historiques de véhicules d'occasion. De cette façon, nous contribuons à rendre le marché des voitures d'occasion plus transparent. Nous offrons à toutes les parties prenantes un accès à la source d'historiques de véhicules la plus complète au monde à ce jour. Et elle grandit chaque jour.
Malgré nos partenariats, nous sommes neutres et indépendants, car notre seul objectif est d'éduquer nos clients et d'assurer leur sécurité. Cela inclut également le fait que nos informations ne concernent pas des personnes privées, mais uniquement des véhicules. Nous veillons toujours à ce que toutes les directives relatives à la protection des données soient respectées. En outre, l'acquisition de nos données est toujours conforme au cadre légal - dans tous les pays où nous sommes actifs. Nous nous distançons expressément des activités illégales telles que le vol de données, le raclage ou le piratage.
Craigslist Monterey Cars And Trucks For Sale By Owner
California Craigslist: 10 Project Car Deals Under $5,000
In theory, at least, you can search the world in minutes for a cheap project car. In the modern era, Craigslist has largely taken the place of local want ads and auto trader magazines, and with the amazingly low cost of $5 to place an ad, everybody has jumped in. That creates an enormous number of ads for classic cars, and at times it seems like trying to find a needle in a haystack, or as I like to think of it, a needle in a needle stack.
Related: Like junkyards and barn finds? Check out Roadkill's Junkyard Gold on the MotorTrend App, where host Steve Magnante travels to junkyards across the country to unearth hidden gems and talk about their history. Sign up today for a free trial!
Log on to Craigslist on any given day, and it won't take long for a sense of dread to overtake you. With few buyer protections on Craigslist, it has become a nasty place over the years as sellers have amassed an unholy war chest of schemes designed to deceive. Some, like omission and outright lying, are holdovers from the days of want ads, but other tactics are new ones for the digital age. It's buyer beware with classic car want ads on Craigslist, but they still provide a valuable service for the wary shopper.
We've spotted a few trends in Craigslist, and before we dive into this week's top 10 classic car ads from the state of California, we thought we'd have a little fun breaking down problematic sellers into a few cautionary groups we've identified. Perhaps you can guess which kinds of sellers you've run into in the past before we introduce our Top 10 car ads below
The "Angry for No Reason" Person
There's an unwritten rule at Craigslist: Even though a seller doesn't know who their buyer is, they've got to tag the ad with a screed about not wasting their time, because yours is worth nothing. Calling the seller for more info will elicit a string of expletives. "No tire kickers, no phone calls, price is firm, don't waste my time, and bring cash" are the most common phrases in their arsenal. The fact that such a seller provides almost no information, and photos that are shot in a coal mine doesn't faze them. One seller got so mad his 1970 Charger didn't get the price he wanted that he smashed his car to spite would-be buyers! (Read about it here. )
The Blind Photographer
It's inevitable the photos are crappy when you finally find something you like. In your own mind, however, you see it in the best light, filling in imaginary details that just aren't there. You waste your time looking, and sellers gets cranky because you wasted their time, too.
Related: Shopping for A Project Car Advice and Tips
The reality is the seller could've saved everybody's time by taking better pictures and more of them. Pictures on Craigslist are free—why skimp?
The Poor Speller
It's bad enough that you're answering an ad for a "Camero," but if the seller refuses to be responsible for even getting the car name right, how can you trust the person about anything else? It's a low bar to type in the letters glued to the side of the car, take a picture in broad daylight, and upload it to the Web, but these skills are curiously elusive for some sellers. Classic cars have no language barrier, and yet the language barrier provides a ready screen behind which problems can be conveniently hidden.
Don't you love it when you enter a year, make, and model into the search box and a bunch of unrelated junk shows up in the results? We can understand sellers who logically list a Pontiac Firebird in a Camaro ad as a search term where both are built on the same assembly line, but sellers seem to love abusing the Craigslist search feature and have no problem spamming the description—as if you'd confuse a Camaro for a 2005 Toyota Camry and buy it on accident.
The Conspiracy Theorist
For some reason, there's a boatload of paranoid people who feel compelled to put their contact info in code, for instance phone numbers, addresses, or email. It's like a Cold War spy novel deal where you've got to sit on a park bench and wait for a guy with a trench coat. All you need is that Dick Tracy decoder ring you got in a box of Cheerios back in 1969. I guess when you finally see the car for the first time, you're supposed to feel a huge sense of accomplishment.
The Serial Lister
There's one in every city, and this seller wants to make sure you see them. They list the same car using the same ad every day (sometimes several times a day) for weeks or months on end, often spamming their hooptie as more than one make or model. They're harmless for the most part, but their Achilles' heel is they think their junk is gold.
The Honest Seller
We've covered most of the seller archetypes on Craigslist, except for the best one: the honest seller. It's inexplicably rare on Craigslist, but there are honest sellers, and you can usually spot who they are before calling. The honest seller will make a good-faith effort to include pertinent details and will even attempt to spell things correctly. The description will be in sentence form without the cap-lock button on, the use of exclamation points will be minimal, photos will be well lit and include views of both sides, front, rear, engine, and interior, contact info will be included and easy to read. The biggest giveaway for the earnest seller: Their honestly will show through with a list of things that are broken or need attention.
Gain the Upper Hand
Want to even the playing field? There's a lot you can do before setting out to look at a car. Suspect a bad neighborhood? Use the address to do a Google search for a street view. If you have few scruples, enter the address in Zillow to assess the residence and income. Look up the satellite view on Google to see if the car in question is on the premise. Is it on the street, in the garage, or on jackstands in the backyard? Free ads attract sellers with no money, and many times the sale of a car is driven by financial need. This is to your advantage, so use it. Let's look at some California cars on Craigslist from the week of January 7, 2021
1966 Ford Galaxie 500 Asking Price: $2,500
This 1966 Ford Galaxie 500 has the desirable fastback hardtop roof but has no engine or trans—what we call a "roller." Notwithstanding, it does have a perfectly patina'd body with surface rust and only minor dings. It's an Arizona car, which means little rust but a completely shot interior (and no engine). You'll want to add your own powertrain and suspension to this one. The ad has lots of honest photos including the bad stuff, leaving little to the imagination. Like lots of Arizona cars, this one was listed in California to find a larger audience. (See the listing here. )
1971 Lincoln Continental Asking Price: $3,000
The description for this Oakland-based 1971 Lincoln Continental lacks self-praise in the form of adjectives or wild promises but has a lot of honest-sounding specifics—and some amazing photos. I'm not a huge Lincoln fan, but at this price I could see myself tooling around town in this while having to do very little to it. (A carb and a battery is all the seller claims it needs.) We say start a luxo-rod trend and grab this thing up. (See the listing here. )
1966 Ford Thunderbird Asking Price: $3,500
Thunderbirds were big sellers back in the day—their sporty looks, floaty suspensions, and torque-monster big-blocks being a favorite with the retiree set. (Disclosure: My grandfather had one.) The funny thing is, they're popular with the same set now, and I am quickly getting to the age where I'll be a buyer, too. This straight 1966 T-bird with a 428ci FE big-block seems to be complete and ready to roll with only minor fix-its needed, and at $3,500 this would make a nice town car for pocket change. (See the listing here. )
1973 Oldsmobile Cutlass Supreme Asking Price: $4,000
I'm a huge fan of the mid-1970s, and GM's A-body lineup from 1973 to 1977 is at the top of my list. This Oldsmobile Cutlass Supreme was the paramount of personal luxury in 1973, making it a prime example to watch. Note to the seller in Inglewood, California: This car needs better photos for its asking price, and the breaking news for you is that folks will want to kick the tires, look at the paint, and haggle on the price, so please don't be upset—we're just the messenger. (See the ad here. )
1970 Ford Maverick Asking Price: $4,700
The seller of this 1970 Ford Maverick (Hayward, California) sounds almost apologetic that its V-6 may need a little TLC, but all we see is the pristine original yellow paint on straight sheetmetal and a mint black interior with houndstooth upholstery. We couldn't shove a 408ci stroker small-block Ford under the hood of this one fast enough. Is it too good to be true? Fortunately for you, the answer is only a phone call away. (See the ad here. )
1965 AMC Rambler 660 Asking Price: $4,800
The ad for this 1965 AMC Rambler 660 is painfully sparse on description, but since most people don't know about American Motors cars, anyway, chances are you know almost nothing about 1965 Ramblers, so it hardly matters. What does matter is that this one apparently has a perfect body, only sullied by a lifetime of leisure under the California sun—meaning it has the perfect scale of light rust and patina. From the looks of it, this is a survivor car with little needed to make it the perfect beach cruiser. (See the ad here. )
1962 Pontiac Bonneville Sport Coupe Asking Price: $4,900
Pontiac's Bonneville Sport Coupe was the epitome of luxury performance in 1962, and this unit exudes class and power with its 389ci V-8. This one from California's Gold Country is extremely well preserved, right down to the vermillion red vinyl interior. Fix the minor rust and restore it or leave it alone and cruise it—either way, this one is cherry. (See the ad here. )
1966 Buick Riviera Asking Price: $5,000
Bill Mitchell's crowning design achievement at GM was arguably the Buick Riviera, and by 1966 the marque had reached its zenith with long, sleek styling and a sexy pinched waistline. Little is known about this parking-lot special on California's central coast, but the paint looks original, the body looks straight, and the interior looks salvageable. As a '66, it's got the last of the classic nailhead V-8s, but feel free to drop a budget-oriented LS under the hood and hit the sideshow! (See the ad here. )
1963 Ford Falcon Futura Asking Price: $5,000
We did a doubletake when we saw this rare 1963 Ford Falcon Futura on Craigslist because we remember it being listed before with the same images several years ago. The Futura model with its fastback-style sport roof was Ford's first attempt at a Mustang-like vehicle, but it failed to gain traction in the market. The rare models are often used for track events, and this one has had its battery already relocated to the trunk. (An unfinished 289ci small-block is included.) We're guessing you might be able to talk the seller down—he's been waiting for a buyer a long time. (See the ad here. )
1968 Oldsmobile Cutlass Wagon Asking Price: $5,000
Our spiritual favorite of the lot is this 1968 Olds Cutlass Wagon located in Oceanside, California. Just based on its location, we imagine it as a carefree beach cruiser whose tradition should be continued with its existing patina, but with better wheels and a warmed-over LS V-8. The body and paint look serviceable, and the Olds does run, but the seller notes some work is needed. The Brady Bunch called and they want their car back! Don't forget to check out more photos of all these cars in the gallery. (See the ad here. )
Photos courtesy of Craigslist.
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