Damn eBay!

[brain]

http://www.smartmoney.com/bn/ON/index.cfm?story=ON-20020117-000488-1131

[sho.gun]

Yeah, I heard about this earlier today.. :mad:

[brain]

They're already jacking us for tons of fees as it is.

[BrewMaster]

capitalism at it's finest...or worst, depending on your perspective.

[Markel]

I'll have to find out what this is all about when I get home, as we are "protected" from visiting smartmoney.com by our working environment. :(

[sho.gun]

EBay Plans to Raise Auction Fees

January 17, 2002

A Wall Street Journal Online News
Roundup

SAN JOSE, Calif. -- EBay Inc. told
users Thursday that it plans to raise
fees for its online auction services
and will begin charging for certain
buying options.

Shares of eBay gained $1.76 to
$61.70 in midday trading Thursday
on the Nasdaq Stock Market.

The moves come two days after eBay
(EBAY) said fourth-quarter revenue
soared 64%. The company also
raised its sales forecast for the first
half of this year and reaffirmed its
first-half profit projection. The
company said its U.S. and
international businesses were strong.

EBay said it plans to raise how much
it charges on the final value of
auction purchases by 0.25
percentage point, and will raise fees
for reserve listings above $200. It
also plans to begin charging a fee for
its "Buy It Now" feature. "Buy It Now"
is an option on eBay auctions that
appears at the seller's discretion.
About 45% of all eBay sellers make
Buy It Now available on their
auctions, the company said.

Overall, fixed-price shopping --
available at Half.com site, eBay
Stores and as Buy It Now -- grew to
19% of eBay's fourth-quarter gross
merchandise sales -- the total value
of all goods sold through eBay.

Copyright (c) 2002 Dow Jones &
Company, Inc.

All Rights Reserved.

[Markel]

Thanks, sho. One less thing to remember to do when I get home tonight. ;)

[Grimm]

So let's see... They are making a good profit and going to charge more money for the services so they can increase their profit.
Hmmm... good time to start a competing service. Amazon, are you paying attention?

[BrewMaster]

Originally posted by Grimm
So let's see... They are making a good profit and going to charge more money for the services so they can increase their profit.
Hmmm... good time to start a competing service. Amazon, are you paying attention?
so it looks like a perfect time to start work on the new site, "Grimm's Go-Get 'Em Auctions!"