After asking for submissions in response to eBay’s proposed move, and receiving them from the Reserve Bank, Google, and countless other institutions and ebay users, the ACCC yesterday released a draft response to ebay’s request for exemption to anti-competitive laws. The response sounds like a polite version of the phrase, “F^&k off”.
From ACCC Chairman Graeme Samuel:
“Given eBay’s position as Australia’s leading online marketplace, the
notified conduct will substantially reduce competition to supply online
payment services to users of online marketplaces more generally”.
According to Australian IT, ebay are waiting to go through the ACCC’s draft response before they comment, but hopefully it will be a meek walking away with tails tucked well and truly between their legs.
Justin
June 13, 2008 at 4:28 PM
I wonder what Graeme Samuel’s eBay name is…
I guess he wasn’t a fan of having to give PayPal some of his hard earned sweet coin for a sale.
Report PermalinkJohn Bosca
June 13, 2008 at 4:48 PM
First I read Gitmo prisoners can now challenge their unlawful detention, and now this! whats the world coming to? :)
Report PermalinkJohn Wellington
June 21, 2008 at 12:48 PM
even if they do drop the paypal only requirements – theyr reputation is destroyed. there are other online auction sites to try out – im watching smartbid.com.au which opens very shortly – looks like a great opportunity for both buyers and sellers.
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