The great times of online shopping during the pandemic seem to be over and the online trading platform Ebay is also feeling the effects.
The online trading platform Ebay expects weaker business after the internet shopping boom during the pandemic.
In the current quarter, revenues are likely to be a maximum of 2.5 billion dollars (2.2 billion euros), Ebay announced after the US stock market closed. Experts had expected a better prognosis. The stock fell 11 percent in after-hours trading.
In the final quarter of 2021, sales increased by five percent compared to the same period last year to $2.6 billion. However, the total trading volume handled on Ebay fell by ten percent to $20.7 billion. The number of active buyers fell by a surprisingly strong nine percent to 147 million. In addition, a high loss was incurred in the continued business.
Source: Stern
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
