Feeds

eBay shares down on good results

And founder launches local news for locals

Internet Security Threat Report 2014

eBay shares were down almost nine per cent in after hours trading despite the company posting a pretty decent set of quarterly results.

In the first quarter eBay made revenues of $2.2bn, up nine per cent on last year, and net income was $398m, up 11 per cent on the same period last year.

The markets were partly spooked by eBay's conservative outlook - it expects revenue in the second quarter to be between $2.15bn and $2.2bn. This represents an increase of 11 per cent to 14 per cent once Skype, sold last year, is stripped out. The company expects growth of 9-12 per cent for the full year.

John Donahoe, president and CEO, said the quarter was a strong step towards the company's three-year restructuring plan. This includes making PayPal the world's first choice for online payments and making changes to its core auction business - changes which are not proving universally popular with sellers.

In other news eBay founder Pierre Omidyar told the Grauniad about his local news site for Hawaii which launches next month.

The site, called Civil Beat will offer local news in exchange for a $19.99-a-month subscription. ®

Beginner's guide to SSL certificates

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
DOUBLE BONK: Testy fanbois catch Apple Pay picking pockets
Users wail as tapcash transactions are duplicated
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
New hybrid storage solutions
Tackling data challenges through emerging hybrid storage solutions that enable optimum database performance whilst managing costs and increasingly large data stores.