- Ecommerce company eBay Inc on Wednesday beat Wall Street targets for third-quarter revenue as consumers snapped up luxury souvenirs and quirky gifts on its platform.
Ebay has expanded the categories on its platform to offer pre-owned sneakers and jewelry, as it looks to tap rising demand for high-value collectibles such as electronics.Industry bellwether Amazon.com Inc had also forecast a dour holiday season as this year's surge in prices of food, gas and other essentials forced cash-strapped consumers to put casual shopping on the back burner.
Source: News Formal (newsformal.com)
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