Yahoo has announced it will shut down its North American online auction site on June 16th.
Earlier this week, Yahoo announced it would shut down its Yahoo Photos site in favor of its other photo-sharing property, Flickr; now, Yahoo has announced it will be shutting down its Yahoo Auctions service in the U.S. and Canada as of June 16, 2007.
"After careful consideration, we have decided to close down our Yahoo U.S. and Canada Auction sites to better serve our valued customers through other Yahoo! properties," Yahoo said in a statement on its site.
The move is Yahoo’s latest effort to streamlines its operations by cutting back lackluster operations, or businesses which simply fail to grow fast enough to justify Yahoo’s continued attention. And Yahoo Auctions definitely falls into that category: the online auction industry is absolutely dominated by eBay, which according to comScore accounts for almost 95 percent of all online auction activity. Amazon.com’s online auction offerings are barely blip at about one third of one percent of all auction traffic; Yahoo’s online auction share was even smaller.
For the time being, Yahoo will continue to offer its auction services in Taiwan, Singapore, and Hong Kong; existing Yahoo Auctions users will be able to list items through June 3, 2007, and a limited range of account management and other tools will be available to customers through October 29, 2007.
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RSSSince Yahoo Auction went free the place was a mess! There was not one day that went by that Yahoo Auction didn’t have some kind of technical problem/issue. The Auctions customer service is/was a big fat F.
It also so happens that Yahoo Auction site was taken advantaged of by some companies who would place thousands of auctions listing for the sole purpose of Free Advertisement! Therefore it had taken some of the advertisement profit away from Yahoo Inc.
One company would even state on their auction listing that the item wasn’t in stock! and they had redirection links to there site. Those companies ruined it for the small seller and for the USA Yahoo Auction Site!