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EBay shares down 10 percent as other websites see record profits

EBay misses the tech earnings craze, its shares drop 10 percent as investors begin to worry
By: Chris Smith | Business, Financial & Legal News | Posted: Jan 28, 2016 3:33 pm

While Facebook has smashed its profit reports and is seeing considerable growth, the online marketplace of EBay has hit some rough times.




Its fourth-quarter earnings report was met with a 10 percent drop in shares, possibly due to a slow-moving holiday season - something that is certainly the bane of any marketplaces existence. Posting earnings of 50 cents per share on revenue of $2.3 billion, Tech Crunch reported that analysts were fairly on point - predicting this report to showcase 50 cents per share on revenue of $2.32 billion in this time period.


After the separation from PayPal in 2015 EBay hasn't seen any vast improvements, with experts placing further pressure on this internet giant to perform under the watchful eyes of worried investors.


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