Posted AT 7:33 AM EST on 18/07/08
Investors rush for eBay exit
John Donahoe, eBay chief executive officer, promised it was going to be a busy year as the company worked to reinvent its struggling business, but he probably didn't expect investors would be yelling "sell" at the top of their lungs.
The company's shares fell 13.8 per cent yesterday after quarterly earnings showed revenue growth slowed and the value of goods sold on its auction site advanced at the slowest rate since 1999. The shares are now 40.
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