Wednesday, April 18, 2007

EBay 1Q Profit Up 52 Percent!

According to the Associated Press eBay's 1st Quarter earnings grew by 52%. The share price gained 5.57% After Hours: 36.37 1.92 (5.57%) as of 4:30pm ET on 04/18/07

Here is a nice take on the earnings report from Business 2.0 If you look at the numbers, eBay should maybe be renamed PayPal as PayPal is the one leg of "The Power of Three" that is working on all cylinders. Skype generate a dismal $78.5 million in revenue. Ouch! How long will it take to make that $2.6 billion purchase price back.

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