EBay holiday-quarter revenue up 3.1 percent, shares jump

EBay, once synonymous with online auctions, has been revamping its platform to help it compete better with bigger e-commerce rival Amazon.com Inc as well as traditional retailers. "It is a turnaround process for the company, and there are some decent metrics in there," for the marketplace division, said BGC Partners analyst Colin Gillis. EBay also said it had repurchased $1 billion in shares over the quarter.

Original story here.

This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply