Rage Against the eBay-PayPal Machine

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After the SF Chronicle published a very brief Q&A with PayPal president Scott Thompson, readers unleashed a slew of angry comments about eBay and its sister company, “Greedpal,” err, Paypal. Comments like: “Dishonest and insufficiently secure: the wave of the future!” and “Ebay + PayPal = Greed.” And: “ebay is now a giant flea-market of buy-it-now crap and paypal is a corporate scam. both formerly good ideas, destroyed by the corporate need for profitability at all costs.”

Browse through the comments here. Normally, when commenters jump on a topic, there are at least one or two people who defend the poor company or schlep drawing fire, if only for the purpose of playing devil’s advocate, or to remind folks that businesses are in business and must pull in profits or go out of business. In this situation, the closest anyone comes to having eBay and PayPal’s back is this:

While I agree that Paypal and Ebay arent regulated (enough) to avoid the almost certain implosion, they are far better than Wall street. If you really want to fret about something fret about the big things.