EBay Forecasts Current-quarter Revenue Below Estimates

EBay Inc missed Wall Street estimates for quarterly revenue on Wednesday and the ecommerce firm forecast currentquarter sales below estimates, signaling opening up of economies and vaccine rollouts could fade the pandemicled shopping boom.In the past year, customers turned to ecommerce platforms during the coronavirus pandemic as they were homebound for months at a stretch, but vaccine rollouts are expected to lead a return to brickandmortar shopping as more people step out of their homes. EBay also faces competition in its marketplace business from larger rivals including Amazon.com and Walmart Inc's online business.

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