Headquartered in San Jose, California, eBay Inc. (EBAY) functions as a marketplace platform connecting buyers and sellers in the United States and internationally. The company's Marketplace platform includes its online marketplace at ebay.com and the eBay suite of mobile apps.
The stock has declined 38.2% year-to-date and 45% over the past nine months to close its last trading session at $41.08. The company cited that online shopping has slowed after the pandemic, and surging inflation and the Russia-Ukraine war have further affected demand. Also, the tight labor market and the supply chain crisis have contributed to EBAY’s weak performance.
