Ebay has lost its profit
The net profit of one of the largest shopping websites has decreased by 6%, according to financial data for the 4th quarter of 2015. Such sharp decline was influenced by reduction in the USD’s value and market demand, and by PayPal’s transformation into a separate independent company, which previously was the part of Ebay. The company is planning to achieve better results in the first quarter of this year.
The negative news has immediately affected the value of Ebay shares, which has decreased by 0.86% and still continues to fall. Traders have an excellent chance to earn money on a further reduction. Remember, that trading will be available during the American session, from 13:40 to 20:00 GMT time.
The news is only for informational purposes and cannot be construed as an offer or indication of the commission of certain transactions in the financial and commodity markets.