| E-bay reports poor first quarter earnings and a worrying court case.
ebaY's stock price continues its steady decline, after posting a disappointing first quarter earnings report. Listing numbers are way down, and Meg Whitman has committed to stockholders that she will suck more blood from sellers to increase profitability (look out - thinks increased fees for stores and store inclusion in search are coming). The Supreme Court is poised to rule on MercExchange's ability to place an injunction on ebaY to stop ebaY's theft of MercExchange's patent (a charge on which ebaY has been convicted, and has used up all appeals). If the SC rules in MercExchange's favor, BIN will end - and one third of ebaY's sales will disappear from the site, and/or ebaY will have to pay up for all their years of patent theft.Market researchers predicts that MercExchange will then take ebaY back to court and sue them on their violation of MercExchange's auction patent.
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