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Why doesn't ebay offer sniping?

Why doesn't ebay offer sniping?

The possibility hadn't even occurred to me. But why exactly doesn't ebay do it? I feel like there ought to be a straightforward answer. Does anyone have a good idea about this?

I don't think it's obvious that a sniping function would tend to suppress ebay growth or profits. Or do they count on irrational bidding fever, bidding wars, to enhance people's attraction to ebay? As to profits, ebay could even charge say a small fee, say 0.1% of maximum bid, for setting up snipes for you. (No question it would end up all being more reliable than AS.) I doubt it's an antitrust concern.
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