eBay is a global online marketplace that connects buyers and sellers, allowing individuals and businesses to buy and sell a wide variety of goods and services. The platform primarily facilitates consumer-to-consumer and business-to-consumer transactions through its auction-style listings and fixed-price offerings. eBay also provides tools and services to enhance the buying and selling experience, including payment processing, shipping solutions, and buyer protection programs. With a vast selection of products, ranging from electronics and fashion to collectibles and home goods, eBay has established itself as a prominent player in the e-commerce industry. Read More
A number of stocks fell in the afternoon session after the broader U.S. stock market declined amid investor caution and a pullback in technology stocks. The main story? Investors are cashing in on a good run and feeling a bit cautious.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at PayPal (NASDAQ:PYPL) and the best and worst performers in the diversified financial services industry.
LoveShop.ai announces the launch of its AI-powered shopping assistant, revolutionizing online shopping by helping users search, compare, and discover products across top retailers.
So, you’ve got a luxury watch, such as a sleek Omega that you bought for yourself after a big life win or a Rolex that has been in the family for many years. Either way, you're probably wondering: What’s it actually worth these days? As it happens, the solution is…
eBay’s third quarter was marked by solid revenue growth but a negative market reaction, as investors focused on margin compression and rising costs. Management attributed revenue gains to strength in focus categories such as trading cards, motor parts, and luxury fashion, as well as the continued rollout of AI-driven seller tools. CEO Jamie Iannone highlighted that “focus category GMV growth accelerated to over 15%,” with collectibles and trading cards delivering standout performance. However, operating margins declined due to increased investment in strategic initiatives and higher transaction losses, particularly from the ramp-up of managed shipping and consumer protection programs.
The company highlights four core advantages of its service model. First, after years of operation the market has stabilized, producing consistent and secure conditions for customers. Second, Sinceresky offers continuous customer support with real-time resolution of issues twenty-four hours a day. Third, the company organizes regular activities and programs designed to engage users and provide rich content. Fourth, its platform imposes no geographical restrictions and supports mobile devices, allowing users to access services from virtually any location with synchronized data across devices.
Wall Street slipped on Thursday as disappointing results from Meta and cautious tones from the Fed weighed on sentiment. But after the closing bell, Apple’s record-breaking numbers helped restore a bit of optimism.
Curious about the top performers within the S&P500 index one hour before the close of the markets on Thursday? Dive into the list of today's session's top gainers and losers for a comprehensive overview.
EBay shares plunged as much as 16% on Thursday, the biggest intraday drop since January 2005, after the company issued disappointing fourth-quarter guidance.
Shares of online marketplace eBay (NASDAQ:EBAY)
fell 15.1% in the morning session after the company reported third-quarter financial results that were overshadowed by a weaker-than-expected profit forecast for the crucial holiday quarter. While the online marketplace beat Wall Street's revenue expectations in its third quarter with sales up 9.5% year on year to $2.82 billion, its guidance for the next quarter fell short. The company expected adjusted earnings per share between $1.31 and $1.36, below analysts' average estimate of $1.39. The downbeat forecast raised concerns amid ongoing macroeconomic uncertainty. In a statement, CEO Jamie Iannone noted that eBay continued to see macroeconomic challenges across international markets. Adding to the concerns, the total number of active buyers was flat compared to the previous year, highlighting ongoing challenges in attracting new users.
Wall Street saw a cautious tone on Thursday as major tech-heavy indexes edged lower, weighed down by mixed earnings from the mega-caps and the lingering impact of hawkish remarks from Fed Chair Jerome Powell th
Stay updated with the movements of the S&P500 index in the middle of the day on Thursday. Discover which stocks are leading as top gainers and losers in today's session.
