Herb On The Street: Overstock Outrage
By: News Corp.'s Web network MySpace has been in talks for several months with online auction company eBay about a partnership, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.
The idea is to let MySpace users buy and sell items from each other using eBay's online-commerce technology and its PayPal payment system, the Journal said, adding that MySpace users would be able to post items for sale on their profiles, and their eBay auctions would be automatically updated, according to a person close to the discussions.
Officials from MySpace and eBay were not immediately available to comment.
Overstock.com and its outspoken leader are going after some big fish on Wall Street. Overstock Chief Executive Patrick Byrne has filed a $3.4 billion lawsuit against brokerage firms alleging a “massive, illegal stock market manipulation scheme.” The suit has left some power players fit to be tied, including Marketwatch.com columnist Herb Greenberg. As fate would have it, our cameras were rolling on Greenberg's fit.
