eBay's second-quarter earnings report fell heavily short of analyst expectations, with revenue growth dimming to 9% y/y (from 12% y/y last quarter).
The company's below-consensus guidance caused the stock to take its biggest hit.
GMV growth in the U.S. also showed its weakest growth rate since a year ago, while the volume of sold items stayed flat.
Margins also showed a worrying contraction.
Despite all the signals that keep pointing to its demise, eBay (EBAY), the one-time e-commerce wunderkind, continues to plod forward as if it was still a giant of the internet. Like last quarter's