eBay's Growth Hangover Has Arrived
It was bound to happen eventually, but investors were still jolted to see eBay's (NASDAQ: EBAY) growth turn negative in late 2021. The e-commerce platform, which became an essential marketplace for many sellers during earlier phases of the pandemic, is shrinking compared to those high-growth days.
eBay warned this week that sales volumes will remain negative into early 2022 as the company goes up against big spikes from a year earlier.
That pressure will lesson as the year progresses, though, and eBay sees room to expand sales slightly in 2022. Management is also planning to shower shareholders with cash over the next few quarters through dividends and stock buybacks.
Source Fool.com
