NEW YORK (CNNfn) - Virtual auction house eBay Inc. suffered a massive outage, leaving millions of potential bidders hung out to dry Friday morning as the company scrambled to get the site up and running.
The outage, which began Thursday at 11:23 p.m. ET, has halted all auctions on eBay's site. The company said on its announcements page that all auctions due to expire during the outage will be extended 24 hours, as well as auctions due to expire within an hour after service is restored.
eBay (EBAY) officials were not available for immediate comment. Shortly after 10 a.m. ET, however, the company said on its site that its technical staff continues to work on the problem and that the "entire process may still take a few hours yet."
Thursday's shutdown was eBay's second site failure in as many days. On Wednesday, eBay's auction service was down for about six hours after the company launched a redesign of its Web site.
In a note to its customers, however, eBay executives insisted there was no connection between the redesign and Wednesday's outage.
eBay shares were down 5-7/16 at 177-1/4 in morning trade.