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Ebay loses $936 million on Skype charges |
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| Business and Law | ||||||
| By AP (via Yahoo) | ||||||
| Wednesday, October 17, 2007 19:43 | ||||||
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EBay reported Wednesday a third-quarter net loss of more than $936 million - a rare plunge into the red for the e-commerce juggernaut caused by charges to its Skype telecommunications division. But San Jose-based Ebay still easily exceeded Wall Street's expectations for the quarter ended Sept. 30, thanks to record revenue of $1.89 billion, up 30 percent from the year-ago quarter.
Read the complete story here.
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