EBay forecasts bleak quarter as online shopping frenzy wanes
EBay Inc (EBAY.O) on Wednesday forecast bleak first-quarter results, as the e-commerce platform tackles waning online demand, stiff competition and global supply chain disruptions, sending the company’s shares down nearly 9% in extended trading.
Gloomy outlook dulls PayPal’s quarterly profit beat
Shares of PayPal Holdings Inc(PYPL.O) fell 8% on the payment company’s downbeat current-quarter profit outlook that outweighed a better-than-expected profit in the second quarter from a pandemic-driven shift to digital spending.
