eBay’s Stock Pops on Solid Earnings Performance

EBay’s stock traded 9 percent higher this morning after reporting strong second-quarter results yesterday. In early trading, the stock soared to $44.44 a share to hit a new 52-week high before backing down a bit. At least two analysts upped their price target: Mark Mahaney of Citi increased his price target to $45, citing impressive revenue; Baird’s Colin Sebastian raised his target to $47, based on strong marketplace and mobile trends.


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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald