EBay says it will end auction house collaboration
EBay Inc. said Tuesday it will discontinue by year's end the section of its site that allows users to participate in live auctions hosted by other companies.
The company said the move will not materially affect its business - though millions of users patronize eBay's partner auction houses.
EBay's vice president of seller experience Jim Ambach said maintaining and improving the 7-year-old Live Auctions platform falls outside the company's current focus on boosting listings, improving buyers' experiences and making the site safer from fraud.
"As we work to improve the buying and selling experiences ... we need to make sure our resources are aligned with our priorities," Ambach said in a company statement on Tuesday.
The move follows changes eBay made to its fees and its feedback system in February and the layoff last month of 125 people.
In conjunction with eBay's announcement Tuesday, five-year eBay partner LiveAuctioneers.com said it plans to launch an independent online marketplace of art, antiques and collectibles for its 700 auction house clients.
LiveAuctioneers Chief Executive Julian Ellison said the transition would not interrupt that company's services.
LiveAuctioneers claims a database of 2.5 million active buyers, and the auction houses it works with list 60,000 to 100,000 items on eBay at any given time. Currently listed items are valued at more than $2.2 billion, according to LiveAuctioneers.
San Jose, Calif.-based eBay is expected to announce its first-quarter earnings after the market closes on Wednesday.
- 1 Gitanjali Group appoints Katrina Kaif as Nakshatra brand ambassador,sets sight on business expansion
- 2 Airtel to begin selling 3G iPhone from August 22, Vodafone silent
- 3 Murdoch unveils India Titans 30 Index to track stock market performance of blue chip cos.
- 4 Joy of Birth: Woman clones puppies from late pit bull terrier
- 5 Fantastic acrobatic ballet: Swan Lake
- 6 We are ready for the game
- 7 UB Group sets aside Rs.1000 crore as capex to increase brewing capacity
- 1 India's inflation rate surges past 12 percent, credit tightening seen
- 2 ITC Q1 net profit drops 4.4 percent on excise duty hike on cigarettes, outlook positive
- 3 Direct tax collections rise 47 percent in April-July period of FY09
- 4 Shiv-Vani bags Rs.1610 crore order from ONGC for deployment of onshore oil rigs
- 5 Airtel to begin selling 3G iPhone from August 22, Vodafone silent
- 6 Videocon Industries net profit rises 4 percent in Q3, eyes business expansion
- 7 Gitanjali Group appoints Katrina Kaif as Nakshatra brand ambassador,sets sight on business expansion
|
- 1 Lenovo says quarterly profits up 65 percent
- 2 Airtel to begin selling 3G iPhone from August 22, Vodafone silent
- 3 Dell is going greener
- 4 Review: With 10-inch screen, Eee PC grows up
- 5 Big Yahoo shareholder demands review of board vote
- 6 Martian soil may contain detrimental substance
- 7 Sun 4Q profit falls 73 pct, guidance hurts stock
|
|
|
