eBay Closing French Counterpart

Hot off the Le Web Conference in Paris, where European entrepreneurs, start-ups and industry kings strut their stuff, news from the French eBay team led some to believe it’s on the fritz.
eBay France has seen it’s share of problems, from a lawsuit in 2007 which attempted to get the site shut down for operating illegally, to dismal traffic since its inception (eBay.com recieves 70M visitors a month compared to France’s 140K). Rumor has it (coming from employees), the site is going to close along with other European eBay counterparts that share similar product from the French euro flagship.
We have already talked about the 10 Reasons Why eBay Died, however I didn’t expect the company to be digging out it’s own graves so soon. We will see how this plays out in the next few weeks. Certainly a weak holiday season won’t help eBay in changing their decision.