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EBay revenue jumps 13 pct despite worsening competition

EBay Inc posted a 13 percent rise in quarterly revenue on Wednesday, as it fended off increasing competition from arch-foe Amazon.com Inc and a growing number of smaller niche retail websites. The company reported second-quarter revenue of $4.37 billion, versus $3.88 billion a year ago and the $4.38 billion that Wall Street had expected, on average. Shares in eBay inched 1.3 percent higher to …

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