Ebay's profits down 29%

It's still profit. And quite a nice income froma business which sells loads of everything but doesn't need to worry about stock, warehousing, distribution, etc.

Perfect business model really.


Steve.
 
Revenue from the Payments business unit, which includes online payment service PayPal and short-term credit service Bill Me Later, grew 15% to $688.1 million, driven by continued consumer and merchant adoption of PayPal. Net total payment volume for the quarter was $17.7 billion, an increase of 19% over last year.
 
photon said:
Revenue from the Payments business unit, which includes online payment service PayPal and short-term credit service Bill Me Later, grew 15% to $688.1 million, driven by continued consumer and merchant adoption of PayPal. Net total payment volume for the quarter was $17.7 billion, an increase of 19% over last year.
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On the bright side Skype cost them a fortune :D
 
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