Facing Competition, eBay Slashes Its Listing Price in Half
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The company plans to recoup by raising its commission on items that sell.
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Sellers are defecting from eBay because its fees are high, customers are afraid of fraud, and merchants can do better on Amazon or on their own Web sites.
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eBay's latest auction trend may give the company a major headache.
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Some eBay Inc. sellers on Monday balked at concessions made over the weekend by the giant Web marketplace, which is still planning to go forward with previously announced fee increases that will hit people who peddle wares through small stores on the site.
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Shares in eBay Inc.  slipped 2 percent on Wednesday, deepening a decline since the start of 2005 as investors re-examine the Internet auctioneer's valuation after a strong run late last year, analysts said.
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EBay said on Tuesday it is cutting fees it charges people to offer items for sale and raising standards at the online auction website.
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The latest data indicates that slowing home sales and the rising number of properties for sale is forcing more sellers to reduce prices in many locations across the country.
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Online auction giant says it will cut the fees it charges to list items by 25% to 50% and increase the fees for sold items.
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EBay Inc. faced a double blow Thursday as it announced a key executive&#039;s plans to leave and an analyst said Google Inc.&#039;s new online payment service represents a bigger threat than expected to the Internet auction company&#039;s health.
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For some, it turned out that fairness in online auctions was going, going, gone. Three cases of phony bidding by sellers to inflate the price of art, sports memorabilia, even
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NEW YORK -- You might call it the ultimate full-circle moment: Two guys fed up with paying eBay listing fees are now selling their own alternative to the online auction business -- on eBay.
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Wal-Mart is reducing the price of its online program.
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Aug. 18 (Bloomberg) -- Google Inc., on the eve of pricing the second-biggest Internet initial public offering, slashed the value of the sale almost in half amid the worst market for US IPOs in almost two years.
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Sellers uhappy with higher fees are looking to Overstock.com as an alternative.
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Auction website eBay pulls its US advertising from search engine giant and adversary Google.
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By MAY WONG    SAN JOSE, Calif.  -- Online auctioneer eBay Inc...
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EBay, the online marketplace, yesterday continued its push across the globe with a $530m (Â£296m) offer to take full control of its South Korean affiliate, Internet Auction Co.