Saturday, March 01, 2008
EBay Sees Growing Risks to Business
EBay sees growing risks to business in coming year
Friday February 29, 6:07 pm ET
By Eric Auchard
SAN FRANCISCO (Reuters) - Online auction leader eBay Inc
(NasdaqGS:EBAY - News) warned in an annual report on Friday that it
faces difficulty getting former customers to return, adding to the
normal challenge of attracting new users to its sites.
In its annual shareholder filing with the U.S. Securities and
Exchange Commission, eBay cited a variety of new threats to its
business that reflect "changing customers demands."
EBay acknowledged that its main auction business faces slowing growth
in each of its top three markets.
"We face challenges in the U.S., U.K. and Germany, which are our
three largest markets, as growth of listings, active users and GMV on
the eBay.com platform in those countries has slowed," the company
said in the regulatory filing.
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