
On June 30, 2008 the French Court ruled that eBay pay $61Million USD to LVMH in damages to the luxury products group LVMH for letting fake versions of its designer bags and fragrances be sold on the online auction site.
The case was brought on two separate grounds –
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Everyone knows that eBay owns Paypal. Remember back to the time when AT&T owned everything that had to do with phones? Phone problems, call AT&T. Want a green phone? Call AT&T. Finally AT&T was declared a monopoly and the company broken up into several venues. Phone manufacturing, Phone installation, etc. You see, AT&T declared that if they allowed someone else to make phones and they installed them and the phone didn’t work – what would happen? The customer would be without phone service. And, of course they – AT&T – would protect us from this ever happening. That is a monopoly. It becomes empowered by instilling fear of loss in the eyes of it’s customers.
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Tags: eBay, PayPal
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