eBay Projects Reopening Headwinds to Persist in 2022
Online marketplace eBay (NASDAQ: EBAY) reported its fourth-quarter and full-year 2021 earnings after the markets closed on Wednesday, Feb. 23. The results highlighted a company experiencing headwinds as shoppers revert to pre-pandemic shopping behavior.
That was to be expected. Shoppers diverted a large part of their spending online at the pandemic's onset as they looked to avoid crowded places where they could potentially be exposed to COVID-19. Now that billions of doses of an effective vaccine have been administered, people feel more comfortable leaving their homes. As a result, spending on eBay's platform is decreasing.
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Source Fool.com
