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image credit: Kazuhisa OTSUBO / Flickr

Ebay becomes latest to show signs the pandmic-online boom is over seeing shares dip 2%

August 12, 2021

Via: Charged

Ebay’s shares have dipped two per cent in extended trading as it became the latest online retailer to show signs the pandemic-driven online boom is ending.

Ebay saw sales jump 14 per cent to $2.7 billion over the three months to June 30, beating consensus estimates of $2.63 billion, while earnings per share also topped analysts’ projections of 94 cents coming in at 99 cents ($675 million).

However, the online marketplace saw its active buyers dip by two per cent to 159 million year-on-year, while its gross merchandise volumes dropped seven per cent to $221 billion.

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