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Has eBay hit its twilight?

Ever since eBay (EBAY, Fortune 500) announced significant fee and feedback changes earlier this year, angry sellers have complained that eBay's new policies would destroy the businesses of some of its longtime merchants. This week, eBay CEO John J. Donahoe confirmed that those charges are true.
"Buyers are increasingly buying from the highest rated sellers and buying less - in fact, they have stopped buying - from lower rated sellers," Donahoe said Wednesday in a conference call with analysts following eBay's third-quarter earnings release.
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