Tough going: EBay Inc is facing intense competition from Amazon.com Inc and has also been hit by brick-and-mortar rivals like Wal-Mart Stores Inc that are aggressively boosting their online presence. — Reuters
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.
Shares of the retailer fell more than 12% to US$23.51 (RM99.12) in extended trading on Jan 27.
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