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Ebay Death Spiral Continues

Posted 22nd January 2009 at 10:42 AM by Chris Monty
Tags ebay

The rough times for Ebay just keep on coming. Profits are falling, shares are sinking, human sacrifice, dogs and cats - living together.

EBay, Inc. posted lower 4h quarter profits and revenue figures today and gave a weaker-than-expected forecast for the first quarter of this year as spending decreases, sending its shares down 6 percent.

The global recession has damaged eBay’s ability to gain buyers, and the strengthening of the dollar also stunted profit from its...
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