EBay Profit Rises 24% on Strong Holiday Business

SAN FRANCISCO, Jan. 24 — EBay, the Internet auction giant, has scored at least a temporary victory over the mounting pressures facing its business.
The company announced this afternoon that its fourth-quarter net income rose 24 percent, to $346 million, or 25 cents a share, from the comparable period in 2005, exceeding analysts’ estimates. EBay said its revenues totaled $1.7 billion in the latest quarter, a 29 percent jump from the fourth quarter of 2005, largely because of increased business in its core auction marketplace during the holiday months.

http://www.nytimes.com/2007/01/24/business/24cnd-ebay.html?ref=busines

In essence this article is about how eBay is doing financalcomparedrd to itcompetitorsrs, Google, Amazon, and Yahoo. The stats show the ups and down the company is having.

I think that even with the thoughts of failure and other things that might not work for the company, eBay will stay in the market and keep profits up. Their paypal sub company icompetitionng with google, and their clashing is a good rivalry. Only time show us what will happen.

Rahul Zala