internet - Why Ebay misses the boat

Billsdue rightfully criticizes Ebay on their lastest press release on their China operation. They take on their competitor Taobao who announced they would not charge their users for the upcoming three years. That is not a sustainable business model, says Ebay.
Guess they have never heard of Google, the free news papers popping up everywhere. Just amazing in its ignorance. Ebay is already old media.