Yahoo ditches fees on U.S. Web auctions
Yahoo has announced it 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.
Reuters reports that Rob Solomon, general manager and vice president of Yahoo Shopping, denied the move was a defensive response to top online auctioneer eBay Inc.’s announcement 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.
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