Ebay may face a bigger threat than Google eating up it’s business. What’s that? A power mad Attorney General suing them for polluting the air? No, that’s the auto industry.
Ebay’s problem is disgruntled “name brands” claiming the items sold on the auction platform bearing their trademarks are phony.
And how, precisely, is ebay to know they’re phonies? They might as well sue the government because federal highways were used to ship the products.
Will this start an avalanche of lawsuits that destroyes the greatest platform for entrepreneurship in recent history?
From PowerSellerKing.com
Louis Vuitton and Dior have filed a $47 Million lawsuit against eBay over fake merchandise. The suit all alledges that as many as 9 out of every 10 auctions that feature Louis Vuitton, feature fake merchandise.
This is not about the settlement money, it is about the lost revenues if all the fake merchandise is pulled from the site. I suspect that billions of dollars in fake merchandise is sold on eBay every year.
eBay claims that they do everything required of them by law to police the site and goes on to say that it is the company’s responsibility to police it’s own brand.
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