EBay Suffers During Hard Times
It appears the hard hit economy has also took a swipe at the online auction giant, Ebay…
Online auction giant ebay’s profits have falled by 29%.
Ebay appears to be suffering as most during the weak economy and continues to struggle. It mde $350m (£211m) during the thrid quarter from $492m in the same period only a year before.
Customers appear to show a reluctance to spend during the past 12 months. However the company’s overall sales rose 6% to $2.4 billion as more customers used its PayPal Service to pay for things online.
There was a 5% fall in shares and forecast the fourth qurter would continue to be tough. However revenue from the internet communications service, Skype rose 29%. Ebay had agreed to sell the business for approximately $2 billion. However they will still retain a 35% stake.
3 Comments
Very good article. I have not sold on there for last two years and have my own website to sell my items. To many rules and shipping and telling how we have to sell… when it was the mom and pops who made that company what it is today. By having my own website I pay no fees and I can charge what I want for shipping etc… I did just as well on website.
Thanks Lee Ness
Thats probably because they started doing these “Five Free Listings”…. So I got four listings up. Then I got a $20 bill I refuse to pay still to this day, I havent heard anything back and i’ve had my account since 1999 and instead of writing me back about it, they just suspended my account until the $20 is paid….
I’m glad to hear that. The restrictions they impose on sellers are ridiculous, as are their charges. I also left in protest and now use Etsy (handmade products and supplies only), which is far cheaper.