Yahoo Ditches Fees on U.S. Web Auctions

digerati · Jun 6, 2005, 07:38 AM

Internet media company Yahoo will quit charging fees for auctions on its U.S. site in an effort to encourage more people to sell their wares, the company said Sunday. Rob Solomon, general manager and vice president of Yahoo Shopping, denied the move was a defensive response to top online auctioneer eBay's announcement on Wednesday it had agreed to buy Shopping.com, a provider of online comparison shopping and consumer reviews, for $620 million.

"It's taken us six months for us to work on this. The timing of this (and eBay's acquisition announcement) is purely coincidental," he said. Yahoo has no plans to end the fees it charges users on its other auction sites, including the one for Japan, the company's top auction site. The company also runs auction sites in Canada, Singapore, Taiwan and Hong Kong.
_____________________________
Read More: ZDNet

Jun 6, 2005, 07:38 AM	#1
digerati Everyones life has worth Join Date: May 2003 Location: My Yellow Bug Posts: 3,779 Rep Power: 49	Yahoo Ditches Fees on U.S. Web Auctions Internet media company Yahoo will quit charging fees for auctions on its U.S. site in an effort to encourage more people to sell their wares, the company said Sunday. Rob Solomon, general manager and vice president of Yahoo Shopping, denied the move was a defensive response to top online auctioneer eBay's announcement on Wednesday it had agreed to buy Shopping.com, a provider of online comparison shopping and consumer reviews, for $620 million. "It's taken us six months for us to work on this. The timing of this (and eBay's acquisition announcement) is purely coincidental," he said. Yahoo has no plans to end the fees it charges users on its other auction sites, including the one for Japan, the company's top auction site. The company also runs auction sites in Canada, Singapore, Taiwan and Hong Kong. _____________________________ Read More: ZDNet