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eBay Puts Faith in Bill Me Later Purchase
SAN FRANCISCO -- eBay's(EBAY Quote) moves to strengthen its business come at a difficult time as investors continue to sour on the stock amid an economic downturn.
Shares fell $1.07, or 5.7%, to $17.87, even after the online auction giant announced a 10% reduction of its workforce, slashing about 1,000 jobs.
CEO John Donahoe acknowledged that eBay is feeling the impact of a worsening economic environment, as well as a strong dollar that is hurting foreign currency exchange for its businesses overseas. ...
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