eBay Inc (NASDAQ:EBAY) couldn’t keep technical trouble at bay
In Friday’s trading session, eBay Inc (NASDAQ:EBAY) stock rose by 1.12%. The opening price of the shares was $51.22 which touched an intraday high of $51.70 and closed at $51.65. More than 7.03 million shares were traded in Friday’s trading session while the average volume of shares traded over 30 days was 10.66 million. The company has a market cap of $66.86 billion.
EBay Inc is an international technology company. It enables commerce via 3 different business segments- Marketplaces, GSI and Payments. The company provides various tools, online platforms and services to help individual and well as medium and small merchants across the world to engage in mobile and online payments and commerce.
Last week, the popular ecommerce site’ users reported some website issue. Some people had issues with accessing their online accounts while others had complaints of log-in failures. An EBay spokesperson said that the issues had been intermittent and that the users had been intimated in advance that the scheduled maintenance work is going to be actioned. Some disruption was expected and the only reason why this problem as highlighted is because the work took longer than expected.
The site apologized for these intermittent problems and told users that the issue would be resolved soon. Users ended up venting their frustration about the EBay issue, on Twitter the micro-blogging site. .
This is not the only site that has faced a system downtime. Of late, numerous big websites said that they had faced varied technical issues for various inexplicable reasons. Amazon, Google, Microsoft.com and Apple’s iMessage and iCloud were some of the services that had got affected. There was a time when EBay was the top contender in the ecommerce space but has been usurped from top-spot by numerous other competitors and is on shaky ground.