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May 5, 2022 12:41 PM

EBAY Active buyers declined 13% Short

eBay Inc.NASDAQ

Description

I remember i was also a user of EBay in the past few years, but i closed my account in January because of their high fees and lack of sales. i got less views per product than before.
And i noticed that my personal experience with SHOP Shopify and SSTK Shutterstock selling less or PYPL PayPal high fees was other people`s problem too. and we moved away from those services.

Active buyers on eBay declined 13% in the quarter.
Revenue fell 6% to $2.48 billion, but above expectations of $2.46 billion.
The forecast for earnings of 87 - 91 cents per share is below the average analyst view of $1.01 per share.
CFO Stephen Priest: "Those negative (war) impacts will continue through 2022".

My buy area is around 37-40usd.

Looking forward to read your opinion about it.

Trade closed: target reached

Price Target reached!
Comments
Joe-Magarac
Agree with your analysis. There used to be a frenzy of buying/selling on eBay and now....its like crickets. I post things for sale and nothing sells. Americans are broke and not wanting to buy possessions they don't really need. I still buy tools on ebay and collectible ephemera. This stock could decline for years.
TopgOptions
@Joe-Magarac, i agree!
thinkerdoertalker
I feel the decline of eBay. Lucky for us, the shortage of electronic components saved us.
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