eBay answered mounting Wall Street concerns about its business by laying off 10% of its workforce and spending $1.34 billion on business to bolster non-core company growth. The soon-to-be acquired companies are Bill Me Later-- a tool for quickly giving online shoppers credit on purchases--and two Danish auction sites. eBay called the moves contrarian plays, and the market wasn't too thrilled.
WRH permalink
Bookmark/Search this post with:
Post new comment