The UAE reaffirmed its consistent rejection of all forms of violence targeting civilians and undermining security and stability
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EBay Inc posted a 13 per cent rise in quarterly revenue on Wednesday, as better-than-expected results from its fast-growing PayPal division helped the online retailer overcome increasing competition from Amazon.com Inc and a well-publicised cyber attack.
Investors had been braced for a tough quarter.
Ebay’s stock has fallen more than eight per cent since April, hurt by the cyber attack disclosed in May that compromised data for some 145 million customers, the departure of highly regarded PayPal chief David Marcus, and intensifying competition from both online and offline rivals.
EBay was also hurt by a change in Google Inc’s algorithm, which pushed eBay results lower in search rankings, slowing traffic. That slowdown was seen in June in a measure of transactions across eBay’s core Marketplaces platform, known as gross merchandise value, with the growth rate falling to 7 per cent from around a double-digit pace in previous months.
The UAE reaffirmed its consistent rejection of all forms of violence targeting civilians and undermining security and stability
uae4 hours ago
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'This is an important milestone in dispensation of justice to the nation,' the Inter-Services Public Relations said in a statement
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