Stock Trades Near 52-week High on Message That It's an All "New eBay"

Two years ago, eBay’s CEO John Donahoe promised Wall Street analysts massive changes to improve the company’s e-commerce experience. Today, he says it’s all “new eBay.”

Oy Vey eBay

Though eBay reported a 29 percent drop in profit for its third quarter Wednesday, the company did deliver revenue that was reasonably higher than Wall Street’s expectations. Not that it mattered much. Investors took eBay out to the woodshed anyway, beating its shares down seven percent in after-hours trading.
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