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EBay’s disappointing forecast fuels stock decline
January 28, 2016 by publisher · Leave a Comment
EBay Inc forecast weaker-than-expected revenue and profit for the current quarter and full year, as the e-commerce company struggles against a strong dollar while trying to revamp its core marketplace business. The online retailer, which faces intense competition from e-commerce giant Amazon.com Inc, has also been hit by brick-and-mortar rivals like Wal-Mart Stores Inc that are aggressively boosting their online presence. Under its new chief executive Devin Wenig,
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EBay’s disappointing forecast fuels stock decline