It’s still unclear how badly the financial crisis and slowdown will affect an ecommerce site like eBay. Ecommerce giant eBay (Image courtesy of TechCrunch) has announced it’s earnings for the Q4 of 2008. Well it’s not good, eBay is not looking good, it missed Q4 revenue of $2.04 Billion down 7% and below Wall Street estimates of $2.12 Billion Alley Insider reports. The strength and online reach of Google, the growing popularity of Amazon and the sheer number of other web retail sites have eroded eBay’s dominance in marketplace. EBay main source of decline is in core products its online marketplaces eBay.com, Shopping.com, Stubhub.com and others. EBay’s marketplace revenue fell to $1.27 Billion down 16% from Q4 of 2007. For eBay the strengthening of US dollars has contributed to its decline, eBay does half of its business outside the US about 55% of revenue comes from outside the US. EBay businesses are under siege. The troubled economy and weakness in eBay’s core business are all contributed to a drop in market share, eBay stock has fallen 6.1%. Sphere: Related Content
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