eBay Inc (EBAY) Dodges Controversy in the Nick of Time


eBay Inc (NASDAQ:EBAY) doesn’t like its name entangled in controversies and like most silicon valley companies, avoid getting into it. That’s why the company took down a listing for a Kent University Sweatshirt that gives an impression of being splattered in blood, as soon as the sweatshirt started making headlines across the internet. Bloomberg reported on eBay Inc (NASDAQ:EBAY)’s decision to take down the listing on its website recently.

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According to the post, the seller purchased the jersey directly from Urban Outfitters, Inc. (NASDAQ:URBN), who manufactured it and listed it for selling on eBay Inc (NASDAQ:EBAY) at $1,250 when the sweatshirt started generating on the internet. eBay Inc (NASDAQ:EBAY) on its part said that the company has policy that prohibits selling of goods that are linked with tragedies or disasters, under which it took down the listing.

As of June 30, 2014, Carl Icahn’s Icahn Capital LP owns over 30 million shares in eBay Inc (NASDAQ:EBAY).

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