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.

@smithymayo
Published Thu, Jan 28 2016 9:33 AM CST   |   Updated Sat, Aug 8 2020 10:29 AM CDT

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

EBay shares down 10 percent as other websites see record profits | TweakTown.com

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.

NEWS SOURCE:techcrunch.com

I'm a competitive gamer and was an eSports employee. Recent changes have seen me hang up the mouse and move over to the technology world, covering all news for TweakTown, ranging from gaming news to opinion articles and the latest tech releases. Expect to see a few different articles on international eSports news and competitive game releases, as well as audio and mobile device content.

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