EBay chief says turnaround will take time

EBay chief says turnaround will take time
EBay has had success attracting new shoppers

Company has made marketing shift amid slowing growth

Online marketplace EBay is testing investor patience with a lacklustre forecast for the Christmas shopping season, while executives say it will take more time for their turnaround efforts to pay off.

Shares, which have gained 28 per cent since July 1, fell as much as 8.9 per cent in extended trading last night after EBay projected fourth-quarter revenue and profit that may miss analysts’ estimates.

Chief executive Devin Wenig...

Subscribe from just 1€

Exclusive offers

Choose the subscription that is right for you

Monthly Subscription

€1

For the first month

€19.99 Monthly Thereafter

Subscribe today

Cancel anytime

Annual Subscription

€200€149

For the first year

€199.99 annually thereafter

Subscribe today

Cancel anytime

Quarterly Subscription

€55€42

For the first 90 days

€55.00 quarterly Thereafter

Subscribe today

Cancel anytime

These offers are not available for current subscribers. Offers and pricing are subject to change without notice.

Terms & Conditions Apply

Please Subscribe or Log in to continue

Subscribe Login

Related Articles

More from The Business Post