posted on January 20, 2005 07:44:04 AM new
Ebay missed it's quarterly estimates today. Stock down 20% today, 35% since Friday. The bloom is finally off the rose. Actually, for anyone considering buying the stock this week provides an excellent opportunity. Excerpt:
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The slowing growth cuts across all of eBay's major revenue lines: U.S. transaction revenue grew 24% in the fourth quarter, down from the 38% in the year-ago quarter. Similarly, the rate slowed to 64% from 96% in international transactions and to 53% from 68% in payments revenue.
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