EBay Falls as Consumer Spending Slows at Its Retail Web Site

Courtesy Digg - Business & Finance  Thu, 07/17/2008 - 10:30

EBay Inc., the world's largest Internet auctioneer, fell 7.7 percent in late U.S. trading after reporting slowing growth in spending at its retail sites.

Gross merchandise volume, the value of all goods that users sold on EBay's sites, rose 8 percent, the smallest increase in at least five quarters, EBay said today in a statement.

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