Skip to content
Subscriber Only

EBay Forecast Disappoints, Highlighting Threat of Amazon

  • CEO says marketplace attracts brands with 171 million users
  • Investors are looking for stronger signs of a turnaround
Video player cover image

Apple, Google and Amazon Seem Unstoppable. Now What?

Updated on

EBay Inc. gave a disappointing forecast for revenue growth in the second quarter, taking the shine off Chief Executive Officer Devin Wenig’s turnaround strategy.

The online marketplace said sales will be $2.64 billion to $2.68 billion in the second quarter, while analysts were projecting $2.68 billion. The outlook stirred concerns about the company’s ability to return to consistent growth and sent the shares tumbling, blunting momentum it had from a strong holiday season.