eBay stock drops as StubHub growth slows

Last Thursday (19 July) saw eBay stock fall more than ten percent, its worst performance since October 2016

News By | 23 July 2018

300 people have been laid off at eBay's offices in San Jose, California © Wikimedia Commons: And3275

After announcing that some 300 jobs were to be cut from its staff in California and lowering its revenue forecast for the rest of the year due to sluggish growth, StubHub’s parent company eBay suffered its worst day on the stock market in nearly two years last Thursday (19 July).

The day saw the value of stock drop by ten percent. As the market closed on Wednesday, stock stood at $37.95 but just 24 hours later the value had plummeted to…

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