Online bargain hunters who also enjoy interactive gaming are in for a treat: Outbid.com, which launched last week, brings together the social interactivity of Twitter, the intensity of an auction house and the vibe of a sports bar.
Online auctioneer eBay posted 11% higher first-quarter profits, powered by a strong performance in the PayPal electronic payments business. But the stock fell nearly 8% after-hours on the company's weaker-than-expected forecast.
Online auctioneer EBay is eliminating "listing" fees for occasional sellers as it tries to entice more users to its website in the face of stiff competition from arch rival Amazon. Sellers will be able to list up to 100 items every month for free with eBay taking a cut of the final sale.