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EBay announced Wednesday the planned departure of long-serving CEO Meg Whitman as it warned that revenue for the first quarter and 2008 would fall below Wall Street expectations, despite strong 2007 year-end results.
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eBay exceeded Wall Street’s earnings and revenue expectations for its fourth quarter and, as expected, announced that Meg Whitman will step down as president and CEO at the end of March, ending a 10-year tenure at the helm of the e-commerce giant.
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EBay on Wednesday handily beat fourth-quarter views on strong holiday sales, but its outlook this quarter fell short of expectations and it said 10-year CEO Meg Whitman is stepping down.
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Meg Whitman will soon step down as chief executive of eBay Inc., the online auction company that went from wobbly startup to multibillion-dollar household name in her 10-year tenure.
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EBay Inc warned that 2008 results would fall below Wall Street expectations, sending its stock down more than 5 percent even as it confirmed long-serving Chief Executive Meg Whitman would step aside.
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A DISABLED pensioner who was duped out of $11 has helped bring down an alleged internet scammer from the Northern Territory.
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Tips of the Week: Making the Most Out of Your eBay Auction Listings
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CONSUMERS hungry for Andrew Morton’s Tom Cruise: An Unauthorized Biography are turning to eBay.com.au to get a copy.
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For the quarter, which includes the crucial holiday shopping season, Wall Street expects eBay (EBAY) to post 62% growth in net earnings compared to the previous year.
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eBay is holding a contest to encourage developers to build Adobe Flash widgets for the eBay Affiliate Community. eBay will award up to five grand prizes of $10,000 each and will have the right to market and distribute the winning entries through the eBay Affiliate Program without additional compensation to entrants.
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