Does eBay Stand a Chance Against Amazon?
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2m 1s
Ebay's stock took a hit after reporting less than impressive quarterly results. Although revenue and earnings per share came in line with Wall Street's estimates, profits dropped by 94% versus last year, giving investors a scare. Ebay has had to increase its investments in marketing and a new platform in order to keep up with Amazon. The company may be adjusting its strategy with Amazon in mind, but Christian Magoon, CEO of Amplify ETFs, says Amazon doesn't even think about Ebay.
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