

When eBay announced changes to its fee structure and feedback system a couple weeks ago, we expected a modest dip in eBay activity: We heard from hundreds of emotional sellers who told us they were closing their eBay shops and moving to other sites. "This is the last straw," we heard over, and over again.

Well, it appears that even if eBay burned many of its U.S. merchants, the global majority of eBay sellers are willing to stick it out.

Listings for the first quarter thus far are up 12 percent, year-over-year, according to American Technology Research analyst Tim Boyd. Here's the catch: Listings in the core U.S. market are down 6 percent, year-over-year, while international listings are up 27 percent, according to Boyd.

Photo: Flickr/Ryan Fanshaw Photography

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