Internet Businesses Take Aim At EBay For Online Auctions - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
News

Internet Businesses Take Aim At EBay For Online Auctions

Some of the Internet's biggest guns took aim at eBay Inc. today by forming an alliance that unites the online auctions at Microsoft, Excite, Lycos, and other top Web sites.

Fair Market Inc., which provides private-label auction services to corporations, will operate a central database that contains bids and offers from buyers and sellers at all the participating Web sites. That means, for example, that a seller who posts an item on Lycos will also be able to entertain bids from people using the auction sites of Excite and Microsoft's MSN as well as Dell Computer and Ticketmaster CitySearch Online Inc., which are also participating in the alliance.

By weaving auctions into several types of Web sites, the companies are trying to draw consumers away from dedicated auction sites such as eBay. "You can put an auction wherever the eyeballs are," says Susan Zaney, VP of marketing at Fair Market.

Auction services have proliferated rapidly on the Web as consumers find them an attractive means for trading all kinds of items and companies realize that profits can be had by taking a slice of each transaction. Facilitating auctions between consumers is also attractive to companies because they don't have to warehouse or take possession of the goods that are exchanged. Further, auctions keep users coming back regularly to Web sites to check on the action.

EBay, which claims to have more than 3 million items for sale, is the clear leader in online auctions and has been profitable for more than two years. But eBay stock was hammered Friday by news of the alliance, tumbling 11-1/8 to close at 140-5/8.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
2021 State of ITOps and SecOps Report
2021 State of ITOps and SecOps Report
This new report from InformationWeek explores what we've learned over the past year, critical trends around ITOps and SecOps, and where leaders are focusing their time and efforts to support a growing digital economy. Download it today!
InformationWeek Is Getting an Upgrade!

Find out more about our plans to improve the look, functionality, and performance of the InformationWeek site in the coming months.

News
How CIO Roles Will Change: The Future of Work
Jessica Davis, Senior Editor, Enterprise Apps,  7/1/2021
Commentary
A Strategy to Aid Underserved Communities and Fill Tech Jobs
Joao-Pierre S. Ruth, Senior Writer,  7/9/2021
Slideshows
10 Ways AI and ML Are Evolving
Lisa Morgan, Freelance Writer,  6/28/2021
Register for InformationWeek Newsletters
Video
Current Issue
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll