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 overseas operations.
“Clearly we’ve been operating in an almost unprecedented external environment,” Chief Executive John Donahoe told analysts. “There is no doubt...
Continue Reading...
Ebay Death Spiral
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 overseas operations.
“Clearly we’ve been operating in an almost unprecedented external environment,” Chief Executive John Donahoe told analysts. “There is no doubt...
Continue Reading...
Ebay Death Spiral
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