PayPal fuels higher eBay revenue even as cyber attack, rivals weigh

By Edwin Chan SAN FRANCISCO (Reuters) – EBay Inc posted a 13 percent rise in quarterly revenue on Wednesday, as better-than-expected results from its fast-growing PayPal division helped the online retailer overcome increasing competition from Amazon.com Inc and a well-publicized cyber attack. Ebay's stock has fallen more than 8 percent since April, hurt by the cyber attack disclosed in May that …

More: continued here

Leave a Reply

Your email address will not be published. Required fields are marked *