Due to ridiculous Listing Fees, EBay Sees Steepest Drop & Customer Loss in Seven Years
EBay Inc’s shares plunged 13 percent on Thursday, after a disappointing holiday-quarter performance and a weak forecast suggested that overwhelming competition from Amazon.com Inc was gutting the one-time Wall Street favorite.
EBay, which gets more than half its revenue from overseas, is also fighting the impact of a strong dollar, which has knocked the wind out of profits at several companies that have reported results this earnings season.
The stock fell to $23.01 in early trading, knocking off $4 billion from Ebay’s market value.
Posted on January 28, 2016, in Uncategorized and tagged Ebay Listing Fees, EBay Listing Fess are driving customers away, EBay loses customers, EBay sees steepest drop, EBay suffers biggest loss. Bookmark the permalink. Leave a comment.