eBay Loses Millions in Ad Revenue in Alleged Fraud
eBay said it lost millions of dollars in ad revenue, according to The Australian. The newspaper said eBay filed a lawsuit against its former manager of ad operations and two of his associates. eBay alleges that the manager set up companies and appointed them to sell advertising space on eBay's site and in its email newsletters. "eBay claims they wrongfully profited by telling eBay they had sold the inventory at a particular rate while actually selling it for more, and pocketing the difference," the newspaper wrote.