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
WHY did Sunday Mirror stoop to slurping selfies for smut sting?
Tabloid splashes, MP resigns - but there's a BIG copyright issue here
Spies, avert eyes! Tim Berners-Lee demands a UK digital bill of rights
Lobbies tetchy MPs 'to end indiscriminate online surveillance'
How the FLAC do I tell MP3s from lossless audio?
Can you hear the difference? Can anyone?
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
EU to accuse Ireland of giving Apple an overly peachy tax deal – report
Probe expected to say single-digit rate was unlawful
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
prev story

Whitepapers

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.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.