Wednesday, May 09, 2007
Yahoo Auctions Going, Going, Gone !
Yahoo has posted on its website recently that it will close down the U.S. and Canda Auctions site on this coming 16th June 2007.
However, Yahoo will still allow sellers, bidders and buyers to use limited features and tools until 29th October 2007. All sellers will be able to list an item for sale on Yahoo Auctions the latest by 3rd June 2007, and no more auto re-submit since 4th May 2007.
Yahoo will leave the Hong Kong, Singapore and Taiwan Auctions site in business.
A media metrics firm, Hitwise reported that on week ending 5th May 2007, 94% of the visitors to the auction sites Hitwise tracking are to eBay Web sites (which are eBay, eBay Motors and eBay UK and Canada). Yahoo Auctions only accounted 0.19% of those visitors.
In fact, Yahoo is actually sending a huge number of traffic to eBay. As at week ending 5th May 2007, eBay is receiving 1.34% of the searches in Yahoo, while Yahoo Auctions only benefited 0.01% of that same period of traffic.
One of the reasons Yahoo closes the Auctions site, according to Hitwise Research Director LeeAnn Prescott, is it had became eBay’s exclusive provider of graphical advertisements as well as sponsored advertisements.
With this move, Yahoo will be closing down the Yahoo Photos as well.
Starting the coming summer, Yahoo is giving the users a choice on how to close the Yahoo Photos account, where the users can move the photso to other service provider such as Flickr, Shutterfly, Kodak, Snapfish, or Photobucket.
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