eBay profits sink as transactions dwindle

The ranks of active eBay users continued to swell in the fourth quarter, but the company's gross merchandise volume - the actual amount of business eBay users are doing - sank for the second quarter in a row.

23 Jan 2009

eBay's fourth-quarter earnings fell 31%, indicating that its Internet auctions and "Buy It Now" offerings are being hurt by the recession just like traditional retail sales.

The results, combined with a forecast below analysts' expectations, sent eBay shares skidding more than 6% in after-hours trading.

Read the full article here.

Top stories

'Super natural' Onix citrus now available exclusively at Checkers

Retail'Super natural' Onix citrus now available exclusively at Checkers

1 day

There were long queues at the SASSA offices in Makhado last week as beneficiaries tried to find out what had happened to their grants. Photo: Thembi Siaga

ESG & SustainabilityThousands of grants suspended after Sassa review process in Limpopo

Thembi Siaga 1 day

The awards were held on 16 April in Johannesburg. Source: Black At.

Marketing & MediaKey marketing figures win at Dare Awards 2026

1 day

Image source: pitinan –

HR & ManagementMercer's 2026 talent report: South African workers face AI skills gap dilemma

20 hours

Source: Transnet.

Construction & EngineeringSouth Africa’s rail system moves toward open access model

17 hours

Promoted

Tegs is convening South Africa’s key edcation stakeholders to address SA’s edcation crisis

EducationTegs is convening South Africa’s key edcation stakeholders to address SA’s edcation crisis

Thinkerneur 2 days

More news

Healthcare

Biovac's €75m cash injection to boost vaccine production and create jobs

1 day

Wendy Bergsteedt | How astronomy inspired Old Mutual's latest campaign thinking

Marketing & Media

Wendy Bergsteedt | How astronomy inspired Old Mutual's latest campaign thinking

Wendy Bergsteedt 1 day

Meet Brinjal: SA’s ultimate doggy paddler

Lifestyle

Meet Brinjal: SA’s ultimate doggy paddler

Dotsure 3 days

WTM report flags digital, sustainability gaps in Africa’s tourism growth

Tourism & Travel

WTM report flags digital, sustainability gaps in Africa’s tourism growth

19 hours

Image credit: Sassa

ESG & Sustainability

Sassa acts swiftly against illegal selling of queue spots at offices

22 hours

Swartland’s art scene reshapes weekend getaways near Cape Town

Tourism & Travel

Swartland’s art scene reshapes weekend getaways near Cape Town

21 hours

Energy & Mining

Update: Eskom says all unions onboard with 7% wage increase

22 hours

Image credit: , , via Wikimedia Commons

Healthcare

Sibanye-Stillwater and Necsa target next-gen precision cancer therapies with rhodium

1 day

Image source: nito500 –

Legal

New eviction bill aims to protect small landlords, empower municipalities

1 day

South African opposition politician Julius Malema, leader of Economic Freedom Fighters (EFF) looks on after he was granted leave to appeal a five-year prison sentence by a magistrate's court,in KuGompo City, South Africa, 16 April 2026. Reuters/Esa Alexander

Legal

Malema sentenced to 5 years with leave to appeal

Johnnie Isaac 1 day

LOOKBOOK: Stella McCartney's new H&M Collection revealed

Lifestyle

LOOKBOOK: Stella McCartney's new H&M Collection revealed

1 day

Image source: freepik from

Legal

New AI policy in South Africa stresses corporate liability for agentic systems

Kate Beretta, Justin Ramages, and Ashleigh Brink 1 day

Let's do Biz