Comments on: eBay Acquires Fraud Sciences For $169 Million

By: Geek News Daily Podcast » Blog Archive » Geek News Daily #16 for January 28, 2008

Wed, 23 Jul 2008 03:12:34 +0000

[...] eBay acquires Fraud Sciences for $169 million [...]

By: Unfallversicherung Vergleich

Unfallversicherung Vergleich — Wed, 20 Feb 2008 02:38:06 +0000

Your opinions are very interesting

By: Nedloh312

Nedloh312 — Wed, 30 Jan 2008 12:28:42 +0000

The thing is, this is more of a publicity stunt, if they made the software themselves do you think so many people would hear of it? Thats why they spent so much, cheaper than advertising but better.

By: Deliggit.com | The social sites' most interesting urls

Deliggit.com | The social sites' most interesting urls — Tue, 29 Jan 2008 17:16:57 +0000

eBay Acquires Fraud Sciences For $169 Million | Deliggit.com…

techcrunch.com

eBay through Paypal has acquired fraud detection provider Fraud Sciences Ltd for $…

By: Learner

Learner — Mon, 28 Jan 2008 22:09:43 +0000

https://www.paily.com/

By: XFX

XFX — Mon, 28 Jan 2008 21:53:11 +0000

God not eBay again. Their site is full of scams.

By: Jeff

Jeff — Mon, 28 Jan 2008 21:52:39 +0000

It amazing they dont or cant build their own solution for less than $165M

http://www.yupnup.com

By: Jason

Jason — Mon, 28 Jan 2008 21:49:50 +0000

Jacky, you can’t look at it by the revenue Fraud Science alone makes. You look at it by how this is going to benefit Ebay by increased usage of it services, stock , etc. People see ebay getting tough on fraud, then people start using it more.

By: IndianBytes.com

IndianBytes.com — Mon, 28 Jan 2008 21:42:10 +0000

eBay Acquires Fraud Sciences For $169 Million…

posted at IndianBytes.c…

By: Marizpan from Toledo

Marizpan from Toledo — Mon, 28 Jan 2008 21:26:03 +0000

@22

it actually means stick it in your a$$… close though

By: Jacky

Jacky — Mon, 28 Jan 2008 20:51:08 +0000

How is $170M affordable? Isn’t that 170x revenue?? Seems like another bad deal for ebay, must be nice to have so much cash to burn on nada.

By: guest

guest — Mon, 28 Jan 2008 20:36:37 +0000

This seems like an affordable way for the new CEO to raise the stock and signal to investors that Ebay is getting tough on fraud. We will see what happens.

By: SalesDrivenMarketing.com

SalesDrivenMarketing.com — Mon, 28 Jan 2008 20:30:47 +0000

I hope this can help revive Ebay. Seems like a lot of pro sellers are migrating over to Amazon because many of them are upset at the lack of sales they’re generating from Ebay. I know my company is generating a lot of business from Ebay sellers looking to compensate their decrease in Ebay sales through other advertising means.

http://www.SalesDrivenMarketing.com

By: sd

sd — Mon, 28 Jan 2008 19:32:11 +0000

good move, new CEO.
responsible buy.

By: Tally

Tally — Mon, 28 Jan 2008 19:10:27 +0000

Guys, it’s an inside job. The new president for Paypal knows the VC firms for FS and his first act of president is to help out his friends by buying some no-name fraud company. BTW, some factoids, 1) revenues weren’t $10M a year, they were $1M their last year, 2) It wasn’t $169M all in, but that was based on performance expectations which will never be met because they just alerted all their customers they were closing their doors and killing off any revenue streams and finally: 3) “Bokon Too Koonet” means “to put in one’s as*s”, so I don’t know how to even begin to respond to that one.

By: Schticky Stan

Schticky Stan — Mon, 28 Jan 2008 19:08:41 +0000

eBay and PayPal have developed quite a bit of internal tools for fraud detection. This may be more of a goodwill gesture to the public than a technology breakthrough for eBay/PayPal. I am sure they will get some new tools/technology but the impression they are sending is probably what they were really looking for.

By: truf

truf — Mon, 28 Jan 2008 19:02:40 +0000

Thank you Anthony Vargus.

@15

Read the rest of the comments please.

By: Anthony Vargus

Anthony Vargus — Mon, 28 Jan 2008 19:00:10 +0000

Wasn’t this the paily.com scam out of Israel? I heard that they just shafted all those people on paily.com and started up again in California under the name Fraud Sciences.

By: Zach Weisman

Zach Weisman — Mon, 28 Jan 2008 18:52:50 +0000

But thats enough political speak for a techblog. I agree with you that perception and image can be deceiving…

By: Zach Weisman

Zach Weisman — Mon, 28 Jan 2008 18:51:30 +0000

Its hard to bite as well. If you look at recent historical events it is not capabilities or ingenuity that are limited. Morality and public opinion have rendered certain forces impotent.

By: Zach Weisman

Zach Weisman — Mon, 28 Jan 2008 18:49:54 +0000

@15

Its hard to bark when you wear a muzzle to make sure you protect innocents.

By: Bokon Too Koonet

Bokon Too Koonet — Mon, 28 Jan 2008 17:54:55 +0000

@13

a. you are stupid….and being jewish probably wouldn’t have saved you
b. online fraud is a real problem
c. the problem is that there is a perception that israeli technologies are somehow superior. The political circumstances surrounding that society requires them to push this perception when it comes to their military capability, though recent historical events have shown it is more bark than bite.

This also manifests itself in the way their technology and companies are pushed and perceived. People really need to take a step back.

They are producing a lot of good things, but let me tell you, as a whole i’ve seen too much hot air, and empty promises to substantiate most M&A deals involving Israeli and middle-eastern companies.

By: Bokon Too Koonet

Bokon Too Koonet — Mon, 28 Jan 2008 17:45:54 +0000

Revenues were about $10M, growing at about 22% monthly. Most of the customers were mid-tier e-commerce players.

Another acquisition of an Israeli company for way too much money.

By: truf

truf — Mon, 28 Jan 2008 17:40:07 +0000

1. Invent fraudulent ways to scare people online.
2. Show up with an anti-fraud system and new company name.
…
…
…
6. Profit by selling your company for $169 million dollars.

Why didn’t I think of this as a business model. Oh that’s right, I’m not Jewish.

By: James Curran

James Curran — Mon, 28 Jan 2008 17:00:35 +0000

Oh yea,

“Shouldn’t the more proper acquirer be Google (obviously, for anti-clickfrauds..) ”

Yea, but Google makes more money off of letting the click fraud happen. Until absolutely necessary, they’ll keep turning a blind eye.

Why spend $170m on something that will cut your revenue?