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eBay's Marketplaces Growth Picks Up As PayPal's Surge Continues

eBay reported its earnings for Q3 2012 on Wednesday. Revenues grew 15% year-over-year to $3.4 billion and net profit increased to $718 million, up 14% year-over-year. The company credits its m-commerce and mobile payment initiatives as the primary driver of growth. Payment revenues once again led the growth with a 23% increase while marketplace followed at 10%. eBay competes primarily with …

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