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Yahoo Auctions & Yahoo Photos To Shut Down
By Daya Baran at May 09, 2007 11 CommentsYahoo has told users it will shut down its auction site in U.S. and Canada. This is the second service the Yahoo is shutting this month.
Yahoo posted a message on it website saying the service will no longer accept new auction lists from June 3. The last day to bid or buy goods and services on the auction site is June 16.
On Friday, Jeff Weiner, executive vice president of Yahoo’s Network Division, said in a company statement: “We are making great strides in our ongoing efforts to align Yahoo’s resources and focus on core strategic priorities.”
According to audience measurement firm comScore Inc., online auction leader eBay Inc. accounted for more than 94 percent of online auctions activity among U.S. Web users last week. Online retail giant Amazon.com Inc.’s U.S. auction site accounted for one-third of a percentage point, while Yahoo’s auctions held only an 0.2 percent share.
“It comes with little surprise given Yahoo’s advertising relationship with eBay, and eBay’s massive dominance of the auction category,” Hitwise research director LeeAnn Prescott wrote in a blog post.
A year ago, eBay and Yahoo announced a strategic alliance to cooperate on a range of services in their core U.S markets.
Labels: Search and Marketplaces, Search Engine Marketing, Search Engine Optimization
11 Comments
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