eBay decided to ban the sale of free Live 8 concert tickets, after receiving intense criticism from Live8 organizer Bob Geldof and a government minister.
More than 200 pairs of tickets appeared for sale on the site after concert organizers notified 75,000 people they had been successful in the text message lottery and the bid price had reached more than 1,000 a ticket before eBay decided to stop the selling.
Geldof reacted with fury branding it a "disgrace" and accusing the sellers of "disgusting greed".
He said: "The people who are selling these tickets on websites are miserable wretches who are capitalizing on people's misery."
Geldof was happy with the decisions to ban the selling. "It was a sort of example of corporate arrogance that it thought it could operate outside the morality of its audience.
"I am glad it's stopped and well done for taking them down but it was despicable and they should have thought about it before they did this."
He added: "They miscalculated this country very badly and, magnificently, the country won."
Announcing the u-turn, managing director Doug McCallum said: "The bottom line is that we've listened carefully to our customers over the last few days. Overwhelmingly the voice is that they would like us to take down the listing so we are going to do our best to do that."
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