Christian Louboutin Destroys Shoes in Web Video

Two weeks ago, luxury footwear designer Christian Louboutin quietly launched a new website that prominently featured a rather unusual video. In it, a truck drives over a pile of what appear to be Mr. Louboutin’s signature red-soled shoes, which retail for $600 and up, and are a recent source of inspiration for Jennifer Lopez.

eBay Shares Hit 7-Year Low; Counterfeiting Woes

Not a good day for eBay shares, which are down 23 percent for the year to date, and now sit at their lowest level since 2001. Highlighting the problem of counterfeit merchandise sold on the site, Bloomberg reports that the company provided a tip to German police that triggered the seizure of 20 tons of knock-off designer clothing last month. While it is certainly good to see eBay taking an aggressive posture on fake goods, the company clearly has an issue to resolve here.