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Ebay profits up by 52%

… and it’s not that the auction service is doing too well. The better than expected profit growth is thanks to shopping.com, paypal, skype and various other web/tech properties that ebay owns.

EBAY!

Ebay earned $377 million in the first quarter, which is up 52 percent from a year earlier and is very impressive growth!

According to this NewYork Times Article, the company had been benefiting from changes in the user experience that had increased the number of auctions leading to sales.

Paypal, notwithstanding the mighty google-checkout, was the biggest revenue driver for eBay with over 30% growth.

Full Story here

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