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SAN FRANCISCO (Reuters) - Facebook's lackluster initial public offering performance is a black eye for many on Wall Street and could have ramifications for similar upcoming deals such as an offering by Twitter, but venture capitalists in Silicon Valley are keen to shrug off Facebook's stumble - at least for now. ...
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NEW YORK (Reuters) - Former Goldman Sachs director Rajat Gupta "threw away his duties" by divulging bank secrets to hedge fund manager Raj Rajaratnam, a U.S. prosecutor said at the start of Gupta's insider-trading trial on Monday. The defense punched back that the government had no direct evidence. Gupta, 63, once a boldface …
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Insight: Morgan Stanley cut Facebook estimates just before IPO(Reuters) - In the run-up to Facebook's $16 billion IPO, Morgan Stanley, the lead underwriter on the deal, unexpectedly delivered some negative news to major clients: The bank's consumer Internet analyst, … More »Insight: Morgan Stanley cut Facebook estimates just before IPO
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NEW YORK (Reuters) - Some customers of Fidelity Investments, Morgan Stanley and Charles Schwab are still waiting to see if their trades for Facebook shares were completed on Friday. Massive demand for the social networking giant's initial public offering on Friday, which set a trading volume record for U.S. market debuts, …
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SAN FRANCISCO (Reuters) - Facebook Inc's underwhelming debut on Wall Street increases the pressure on the social networking giant to deliver stellar growth - a novel situation for Chief Executive Mark Zuckerberg, who has been clear he is more interested in building products than making money. Facebook shares fell 11 percent …
- Eaton to buy Cooper Industries for $11.8 billion
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(Reuters) - Diversified industrial manufacturer Eaton Corp struck a deal to buy electrical equipment maker Cooper Industries Plc for $11.8 billion in cash and stock and said it would shift its incorporation to Ireland to save on taxes. The deal, Eaton's biggest ever, will allow the company to offer a broader range of electrical …
- Nasdaq announces plan for unfilled Facebook orders
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NEW YORK (Reuters) - Nasdaq has engaged federal regulators to untangle the problems that occurred at the opening of Facebook Inc's initial public offering on Friday that could eventually result in financial restitution for investors who did not get shares at the desired price. The Financial Industry Regulatory Authority …
Barclays to sell $6.1 billion BlackRock stakeLONDON (Reuters) - British bank Barclays is selling its near-20 percent stake in U.S. asset manager BlackRock, worth $6.1 billion, as tougher global regulations have cut the attraction of such holdings. … More »Barclays to sell $6.1 billion BlackRock stake
LONDON (Reuters) - British bank Barclays is selling its near-20 percent stake in U.S. asset manager BlackRock, worth $6.1 billion, as tougher global regulations have cut the attraction of such holdings. Barclays has held the stake for almost three years, a legacy of BlackRock's $15 billion purchase of Barclays Global Investors, …
- Early Facebook mutual fund buyers still in money
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(Reuters) - Fidelity Investments and other big mutual fund families that were early backers of Facebook Inc are likely still winners despite the social network's troubled stock market debut. Facebook shares were priced at $38 per share in its initial public offering on Thursday. Despite an initial bump in their market debut …
Question
Banned from EBay-Shill Bidding?
Several months ago I decided to try to actually try to put up something on ebay. 1st time. I auctioned somethings. I was afraid that I would not get enough to cover my costs. So I thought I would try to get higher bids by bidding on the item my self.
Had no idea that was going to get me banned!
BOOM! I was banned quick. Shill Bidding? never heard of it. I never had bad intentions, but like I said, never knew what I was doing.
I need to get back on. Anyone know how I can do this?
Just wanted to say I appreciate all the answers. But especially those answers from the ones who have never made a mistake. It's good to know there really are "perfect people" out there after all!
Best Answer
Considering that what you did is against the rules spelled out in the Terms & Service, along with the User Agreement (yeah, the stuff people just click "Accept" on without reading), you really have no recourse against eBay. They deal harshly with anyone that tries to pull an end-run on their rules. To them, the fact that you were bidding on your own item to raise the price, as you admit, is a bad intention.
If you're lucky, they may have just frozen that account and possibly banned your IP address. Depending on the severity of the rules infringement, they can and do blacklist people, meaning that a person's name, SSN, credit card, IP/MAC address, etc... is permanently banned. Once that happens, you're done.
Also, as an FYI: auction houses can and do share blacklist information between each other (depending on if they share a common third-party interest), so if you find yourself having difficulties registering on another Internet auction site, this could be why.
Other Answers
What you did is dishonest and plain wrong! You don't deserve to be on eBay, so don't bother trying to "get back on".
Next time you want to screw a potential buyer for one of your items, have a garage sale and price it so no one will even consider buying it.
you have to appeal, that means sending them a photo copy of your drivers license or state license or something, just go to the help section of ebay they will explain it. next time if your afraid of selling short, use a reserve price on the auction that means you never sell it unless it meets or exceeds your price.
Source(s)
formally suspended on ebay
by runnttombobob - 5 years agoSorry but you deserve what you got. That is something you should NEVER do. Listen, you said you thought you wouldn't make enough to cover your costs. Why didn't you start with a higher opening bid? Enough to cover costs and make a little profit.You may never get another chance to sell on Ebay again.
Source(s)
Honest Ebay buyer and seller.
by seashell - 5 years agoI am certain you were aware that what you were doing was dishonest when you did it. You come across as an intelligent person. That is why Ebay has a rule against that type of thing. To declare that you didn't know what you were doing sounds desperate.Give it up; face the music.
by Matt D - 5 years agoHey, it happened to me too. They banned me for it was either a week or maybe two as I can't remember now. I didn't know this was against their policy either and they said it was all written right there. So.... we don't read everything in those long agreement statements. Then I had to ask to get reinstated and then they go to council or something and you have to sign something saying you won't do that again. Unfortunately in the mean time, it meant that I couldn't contact my other customers and it was unfair to them more than me. I couldn't even leave them feedback. Since you said it was months ago, I would ask them at ebay if you could get reinstated and tell them that you are aware of the consequences now of Shill Bidding.
by needlewings - 5 years agoBe up front with ebay. You could have placed a minimum bid of acceptance. You nee to have somebody you know sell your product for you.
by joveesasha - 5 years ago
